263 W 41st Place, Los Angeles, CA 90037 (MLS # P1-17217)
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.
Property Type(s):
Residential Income
|
Last Updated
|
4/14/2024
|
Tract
|
Not Applicable
|
|
Year Built
|
1927
|
Garage Spaces
|
4.0
|
|
County
|
Los Angeles
|
Additional Details
| AIR |
None |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| CONSTRUCTION |
Stucco |
| GARAGE |
Concrete, Door-Single, Driveway, Driveway Level, Garage, Off Street, Uncovered, Yes |
| HEAT |
Natural Gas, Wall Furnace |
| HOA DUES |
0 |
| LOT |
6750 sq ft |
| LOT DESCRIPTION |
Sprinklers None, Street Level |
| LOT DIMENSIONS |
50 x 136 |
| PARKING |
Concrete,Driveway Level,Door-Single,Driveway,Garage,Off Street,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Not Applicable |
| UTILITIES |
Electric: Standard |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LARD 1.5 |
Location
Listed with The Jireh Group
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/24 10:44 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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