263 41st Place, Los Angeles

$1,649,000

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14 Beds
4 Baths
.16 Acre
4 Garages

263 W. 41st Place provides a great 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). One unit is currently vacant, and one additional unit will be vacant shortly. This two-story, 4- unit investment is comprised of 2 three-bedroom / 1-bathroom units and 2 four-bedroom / 1-bathroom units. Plenty of room for upside rents. The seller will deliver two units vacant. The buyer is purchasing the property with only two units tenant occupied. The actual cap is currently above 7.0% !. The owners have recently renovated one upstairs unit and painted the exterior and made some additional repairs. The property needs some TLC, but the right investor can make this a great cash-flowing asset.

Essential Information

MLS® #
P1-17217
Price
$1,649,000
Bedrooms
14
Bathrooms
4.00
Acres
0.16
Year Built
1927
Type
Residential Income
Sub-Type
Quadruplex
Status
Active

Community Information

Address
263 41st Place
Subdivision
Not Applicable
City
Los Angeles
County
Los Angeles
Zip Code
90037
Community Features
Urban
Senior Community
N

Amenities

Parking Spaces
2
# of Garages
4
View
None
Pool
None

Parking

Concrete, Door-Single, Driveway, Garage, Uncovered, Driveway Level, Off Street

Garages

Concrete, Door-Single, Driveway, Garage, Uncovered, Driveway Level, Off Street

Interior

Interior
Laminate
Heating
Natural Gas, Wall Furnace
Cooling
None
Fireplaces
None
# of Stories
2
Stories
Two

Exterior

Exterior
Stucco
Lot Description
Sprinklers None, Street Level
Construction
Stucco
Foundation
Raised

Additional Information

Date Listed
April 14th, 2024
Days on Market
35
Zoning
LARD 1.5

Listing Details

Agent
David Tramontano
Office
The Jireh Group

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
David Tramontano - The Jireh Group

Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 3:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.