Marti Kilby, CRS

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$750,000 and Up

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1416 E 41st Place
OTHER Los Angeles 90011

$1,599,000
2-4 Units 6,723 sq. ft.

Main Photo: Property for sale: 1416 E 41st Place in Los Angeles
Photo 1: Property for sale: 1416 E 41st Place in Los Angeles
Photo 2: Property for sale: 1416 E 41st Place in Los Angeles
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
305481564
OPPORTUNITY KNOCKS on this ONE OF A KIND 4PLEX in the heart of Los Angeles. An INVESTOR's DELIGHT. This BREAD & BUTTER INVESTMENT consists of four SPACIOUS TOWNHOME STYLE 4 Bedrooms 2 Baths units. Each unit is roughly around 1,500 SqFt (Close to 6,000 SqFt total) with their own SEPARATE METERS for Gas & Electricity (TWO of the UNITS PAY FOR THEIR OWN WATER BILLS.) Investment offers roughly around 5% CAP rate and has a great potential UPSIDE in rents. All tenants PAYING ON TIME. Two of the units went under a MAJOR RENOVATIONS within the last 2-3 years and the rest are partially upgraded. CITY INSPECTION was done recently. Property is minutes away from DTLA, LA Memorial Coliseum, USC, Staple Center, all exciting Restaurants and Shoppings, plus an easy access to the 110 FWY & 10 FWY, and roughly 20 minutes to SoFi Stadium. CALL FOR MORE DETAILS...
Total Floor Area:
6,723 sq. ft.
Lot Size:
4,000-7,499 SF
Lot Size:
6,721.31 sq. ft.
Number of Buildings:
2
Number of Units:
4
Stories:
2 Story
Market Area:
OTHER
County:
LOS ANGELES
Mello Roos Fee:
746.0
Annual expense actual:
13000
Cap Rate.:
5.0
Gross scheduled income:
101773
Unit Number for Unit 1:
1
Bedrooms for Unit 1:
4
Number of bathrooms for Unit 1:
2
Total Rent for Unit 1:
2500.0
Unit Number for Unit 2:
2
Bedrooms for Unit 2:
4
Number of bathrooms for Unit 2:
2
Total Rent for Unit 2:
2350.0
Unit Number for Unit 3:
3
Bedrooms for Unit 3:
4
Number of bathrooms for Unit 3:
2
Total Rent for Unit 3:
2000.0
Unit Number for Unit 4:
4
Bedrooms for Unit 4:
4
Number of bathrooms for Unit 4:
2
Total Rent for Unit 4:
1632.0
OPPORTUNITY KNOCKS on this ONE OF A KIND 4PLEX in the heart of Los Angeles. An INVESTOR's DELIGHT. This BREAD & BUTTER INVESTMENT consists of four SPACIOUS TOWNHOME STYLE 4 Bedrooms 2 Baths units. Each unit is roughly around 1,500 SqFt (Close to 6,000 SqFt total) with their own SEPARATE METERS for Gas & Electricity (TWO of the UNITS PAY FOR THEIR OWN WATER BILLS.) Investment offers roughly around 5% CAP rate and has a great potential UPSIDE in rents. All tenants PAYING ON TIME. Two of the units went under a MAJOR RENOVATIONS within the last 2-3 years and the rest are partially upgraded. CITY INSPECTION was done recently. Property is minutes away from DTLA, LA Memorial Coliseum, USC, Staple Center, all exciting Restaurants and Shoppings, plus an easy access to the 110 FWY & 10 FWY, and roughly 20 minutes to SoFi Stadium. CALL FOR MORE DETAILS...
Site Influences:
Curbs
Directions:
I-110 N to S Grand Ave in Los Angeles. Take the exit toward Vernon Ave from I-110 N, Take W Vernon Ave to E 41st Pl
Pool:
N/K
Spa:
N/K
Listing Type:
Exclusive Right (R)
Terms:
Cash, Conventional, Exchange
Assessments:
Yes/Remarks
  • Photo 1: Property for sale: 1416 E 41st Place in Los Angeles
    Photo 1 of 2
  • Photo 2: Property for sale: 1416 E 41st Place in Los Angeles
    Photo 2 of 2
Listed by Coldwell Banker Platinum Prop
Data was last updated July 7, 2022 at 07:10 AM (UTC)
Area Statistics
Listings on market:
2,426
Avg list price:
$998,888
Min list price:
$50,000
Max list price:
$25,000,000
Avg days on market:
66
Min days on market:
1
Max days on market:
3,032
Avg price per sq.ft.:
$147.44
These statistics are generated based on the current listing's property type and located in OTHER. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.