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550 W 41ST Dr

Los Angeles, CA 90037
  • $1,100,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 22-116799
UPDATED: 53 min ago
$1,100,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,120
    SQFT
  • $353
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1921
County:

School Ratings & Info

Description

Is proud to present 550 w 41st Dr, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Great Income property! This property consist of five exceptional units totaling 3,120 SF of living area on a sizable 6,763 lot. An exceptional value-add investment opportunity located in a high demand rental area. Walking distance to the Coliseum, The Bank of California Stadium, Metro Expo Rail Line, minutes away from USC, Freeway, Exposition Park and Museum. This offering consist of two, easily maintained buildings, a two story fourplex (1B+1B) and one detached large single unit (2B +1B + Den) This building provides adequate parking that consist of four covered parking spaces and two uncovered. All units are separately metered for electric and gas. With the largest unit (2B +1B+Den). It's a prime value add with good cash on cash return. Adding market rent to a future home for potential students or owner user, with exceptional upside potential offering more than 7% Pro Forma Cap Rate. Buyer to do their own due diligence.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T20:42:53.4. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/124557833
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550 W 41ST Dr Los Angeles, CA 90037

  • Price: $1,100,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 53 min ago
  • MLS #: 22-116799
0
Beds
0
Baths
0
½ Baths
0.16
Acres
3,120
SQFT
$353
$/SQFT
1921
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Is proud to present 550 w 41st Dr, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Great Income property! This property consist of five exceptional units totaling 3,120 SF of living area on a sizable 6,763 lot. An exceptional value-add investment opportunity located in a high demand rental area. Walking distance to the Coliseum, The Bank of California Stadium, Metro Expo Rail Line, minutes away from USC, Freeway, Exposition Park and Museum. This offering consist of two, easily maintained buildings, a two story fourplex (1B+1B) and one detached large single unit (2B +1B + Den) This building provides adequate parking that consist of four covered parking spaces and two uncovered. All units are separately metered for electric and gas. With the largest unit (2B +1B+Den). It's a prime value add with good cash on cash return. Adding market rent to a future home for potential students or owner user, with exceptional upside potential offering more than 7% Pro Forma Cap Rate. Buyer to do their own due diligence.
Exterior Features

Covered Parking 4 Lot Location Flats Lot Size Area 6763 Other Structures None Parking Garage Covered ParkingAssignedControlled EntranceUncovered Pool Description None Pool YN No Spa None Spa YN No Sprinklers None Total Parking 6

Interior Features

Bathroom Features Shower Over Tub Baths Total 5.00 Cooking Appliances Gas Cooling Wall/Window Equipment CableCeiling FanDishwasher Fireplace Rooms None Heating Wall Gas Water Heater Features Gas

Property Features

Alley YN Yes Assessed Total Value 519077 Gross Income 77311 Gross Operating Income 77311 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 50214.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Security Features Automatic Gate Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 27097 Type Of Units Income Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Amber Martinez DRE#01961174 of Rodeo Realty- Brentwood.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T20:42:53.4. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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