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263 W 41st Place

Los Angeles, CA 90037

– beds
– baths
– sqft
6,750 sqft lot
1927 build
– on site

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.

Listed By CRMLS_CA / David Tramontano / The Jireh Group / (626) 324-9448

Last checked: Checking… • Last updated Apr 15, 2024 •

MLS# P1-17217 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1927
Year Built Source:

Assessor
Construction Materials:

Stucco
Foundation:

Raised
Common Walls:

2+ Common Walls
Faces:

South
Building Area Total:

4368.00
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

Two
Entry Location:

Ground level wiitn three steps
Flooring:

Laminate
Room Type:

Converted Bedroom
Fireplace:

No
Fireplace:

None
Laundry:

None

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

South of MLK Blvd. / West of S. Broadway
Latitude:

34.00845100
Longitude:

-118.27751200

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Additions/Alterations, Repairs Cosmetic
Zoning:

LARD 1.5
Lot Features:

Level with Street, Sprinklers None
Lot Size Area:

6750.0000
Lot Size Dimensions:

50 x 136
Lot Size Acres:

0.1550
Lot Size SqFt:

6750.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

None
Fencing:

None
Fence:

No
Road Frontage:

City Street
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

231...
Tax Lot:

10
Tax Rate:

1.30

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

5111021016

Heating & Cooling

Heating:

1
Heating:

Wall Furnace, Natural Gas
Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

None
Included:

No

The Community

Subdivision:

Not Applicable
Senior Community:

No
Neighborhood:

South Los Angeles
Features:

Urban
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Garage - Single Door, Concrete, Uncovered, Off Street, Driveway, Driveway Level
Parking Spaces:

2.00
Garage Spaces:

4.00
Uncovered Spaces:

2.00

Extra Units

Average 3 Bed Area:

1092

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/14/24 Apr 14, 2024	Listed / Active	CRMLS_CA	$1,649,000
1/11/24 Jan 11, 2024	Price Changed	BRIDGE
10/25/23 Oct 25, 2023	Listed / Active	BRIDGE

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This multifamily located in South La, Los Angeles, CA 90037 is currently for sale for $1,649,000. 263 W 41st Place is a – square foot multifamily with – beds and – baths that has been on Estately for 15 days. 263 W 41st Place is in the South La neighborhood of Los Angeles and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Ricardo Lizarraga Elementary School, William Jefferson Clinton Middle School, Nava College Preparatory Academy, and Santee Education Complex.

Listing Courtesy of: CRMLS_CA and The Jireh Group. Based on information from California Regional Multiple Listing Service, Inc. as of 08:58 on Apr 27.

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.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.