Historic Los Angeles District Triplex. Situated adjacent to Exposition Park, University Park, and minutes from DTLA, this property offers an exceptional opportunity to expand your income property portfolio in a rapidly evolving neighborhood. The triplex features three spacious units totaling over 2,600 sq. ft. of living space on a 5,000+ sq. ft. lot: Unit #1: 3 bedrooms / 1 bath. Unit #2: 2 bedrooms / 1 bath. Unit #3: 1 bedroom / 1 bath. Centrally located near shopping, dining, entertainment, and major freeways/public transit, the property is just 7 minutes from USC and close to some of LA's most iconic attractions: LAFC Stadium, LA Memorial Coliseum, Natural History Museum, Rose Garden, Crypto.com Arena, and more. Each unit has separately metered gas and electric, providing convenience and income efficiency. Recent upgrades include: New roof, asphalt shingles, flashing, and roof vents. Fresh exterior paint on front units. Tankless water heaters. New insulation, James Hardie siding, and GM windows in the back unit. All work completed with permits. This property is ideal for investors seeking stable rental income with the upside of long-term neighborhood growth.
Listed by Aaron Mejia
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License #01896881
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Christie's International Real Estate SoCal
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562-413-4717
Last updated October 04, 2025
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Source: CRMLS #25595133
Listing Facts
TypeMulti-family
NeighborhoodSouth Central LA
Bedrooms5
Days on Prevu33
Size2,629 sqft
Price per sqft$304
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/18/2025
Status changed to Active
$799,900
10/17/2025
Status changed to Removed from Feed
$799,900
09/19/2025
Listed by Christie's International Real Estate SoCal
$799,900
Property Details for 721 E 42nd Place
Exterior
Construction
Number Of Units Total: 3
Stories: 2
Stories Total: 2
Year Built: 1906
Features
Direction Faces: South
View: City Lights
Measurements
Building Area Total: 2,629
Lot Size Acres: 0.11
Lot Size Area: 5,180
Lot Size Square Feet: 5,180
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 5115005013
Interior
Measurements
Living Area: 2,629
Rooms
Bathrooms Total Integer: 3
Bedrooms Total: 5
Parking
Parking
Parking Features: Driveway
Schools
High School
High School District: Los Angeles Unified
Utilities
Equipment
Sewer: Other
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.