259 E 41st PL, Los Angeles, CA 90011
259 E 41st PL, Los Angeles, CA 90011
259 E 41st PL, Los Angeles, CA 90011
259 E 41st PL, Los Angeles, CA 90011
259 E 41st PL, Los Angeles, CA 90011
259 E 41st PL, Los Angeles, CA 90011
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Salvador Saenz

Salvador Saenz

+1(562) 714-8398
$ 1,900,000
Est. payment | /mo

15 Baths

4,828 SqFt

Save
$ 1,900,000
Est. payment | /mo
Save

15 Baths

4,828 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,828 sqft

Price per Sqft $393

MLS Listing ID 26997915

HOA Y/N No

Year Built 1947

Lot Size 6,551 Sqft

Property Description

259 E 41st Place is a 15-unit multifamily property in South Los Angeles, offered at $1,900,000, or $126,667 per unit. Built in 1947, the property totals approx. 4,828 SF, including the ADU, on a 6,551 SF street-to-street lot and is comprised of studio units. Buyer to verify building and ADU square footage. At current rents, the property performs at a 7.27% CAP and 8.11 GRM, giving a buyer a strong in-place return from day one. The property presents as a well-kept multifamily building centered around a broad paved courtyard, mature hedges and palm landscaping, and a clean stucco exterior. The street-to-street lot gives the building a more open layout, while the common areas appear clean and well maintained. 259 E 41st Place features a mix of functional studios and more recently updated units with wood-style flooring, refreshed kitchens and bathrooms, ceiling fans, and updated finishes. Property operating features include master-metered electricity and separately metered gas, while the ADU is separately metered for gas, electricity, and water. Current monthly scheduled income is approx. $19,525, compared with projected income of approx. $21,850. At projected rents, the property is expected to perform at an 8.64% CAP and 7.25 GRM. Located approx. 1.5 miles from both USC and Exposition Park, 259 E 41st Place provides convenient access to the LA Memorial Coliseum, BMO Stadium, Natural History Museum of Los Angeles County, California Science Center, and the broader USC campus. The property also sits across from Gilbert W. Lindsay Recreation Center and near Harmony Missionary Baptist Church, adding recreation and community uses to the immediate neighborhood setting. 259 E 41st Place brings together a $126,667 per-unit basis, a strong current return, a well-kept physical property, and additional income growth still available in the rent roll. With USC and Exposition Park approx. 1.5 miles away, the property offers a straightforward investment story supported by both current performance and location.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD2

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Community Features Gated

View Y/N No

View None

Total Parking Spaces 1

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5113024019

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Max Berger Compass #02054048

Nearby Locations

Salvador Saenz

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 714-8398

the1realtorsal@gmail.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA 90740, US

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259 E 41st PL