$1,649,000 Price Analysis   ♡   Los Angeles, CA 90037 14 bed 4 bath 4,368 SqFt ($377/SqFt) 6,750SqFt lot. Built 1927 Listed 2024-04-14 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
263 W.
41st Place provides a fantastic opportunity to own a good cash flow 4 unit, 2 story property in South Los Angeles with additional upside on rents and supplemental income (parking/storage). This two-story, 4- unit investment is comprised of 2 three-bedroom / 1-bathroom units and 2 four-bedroom / 1-bathroom units.
Each unit has their own washer and dryer hook-ups for individul use. The actual cap is currently above 6.0% . The owners have recently renovated one upstairs unit and one downstairs unit and painted the exterior and made some additional repairs. The rear area where the storage buildings are currently at can be used to bu ild ADU's!
Presented by David Tramontano at
The Jireh Group.
Property MLS #P1-17217 from CRMLS
Heating: Yes
Lot Size Acres: 0.1549587
Lot Size Dimensions: 50 x 136
Lot Size Source: Assessor
Lot Size Square Feet: 6750
Road Surface Type: Paved
Calculated Total Monthly Association Fees: 0
Gardener Expense: 1200.00
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Description: Downstairs - East side
Unit-2 Description: Downstairs - West side
Unit-3 Description: Upstairs - East side
Unit-4 Description: Upstairs - West side
Unit-3 Garage Spaces: 1
Tenant Pays: Electricity, Water, Trash Collection, Gas
Rent Control: Yes
County: Los Angeles
Cap Rate: 6.00
Source Property Type: Residential Income
Exclusions: No off-street parking (built in 1927). All tenants must park on the street.
Insurance Expense: 1350.00
New Taxes Expense: 23086.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 5111021016
Pest Control Expense: 1560.00
Postal Code Plus 4: 4468
Zoning: LARD 1.5
Source System Name: C2C
$1,649,000
CRMLS
Listing removed 2024-02-02
$0
CRMLS
Price Changed 2024-01-11
$1,649,000
CRMLS
Listed 2023-10-25
$1,690,000
CRMLS
Listing removed 2018-06-17
$899,900
TheMLSCLAW
Listed 2017-04-27
$899,900
TheMLSCLAW
Year Built: 1927
Building Features: 1
Common Walls: 2+ Common Walls
Construction Materials: Stucco
Direction Faces: South
Entry Location: Ground level wiitn three steps
Foundation Details: Raised
Property Age: 97
Property Attached: Yes
Property Condition: Additions/Alterations, Repairs Cosmetic
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1800.00
Electricity Connected
Water Connected
Sewer Connected
Natural Gas Connected
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.