914 41St St, Los Angeles, CA 90037
4 Unit Apartment Building | $1,025,000 ($256,250/Unit) | 5.11% Cap Rate | Los Angeles, CA 90037
For Sale
Active
14 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 23 days
Asking Price $1,025,000
- Property Type
-
Multifamily
- Square Feet
- 2,724 SF
Listing Contacts
Christopher Martinez
Jose Martinez
Property Overview
Vinco Vinco Realty Group (VVRG) is pleased to present 914 W 41st Street, an exceptional two-story fourplex investment opportunity with significant value-add potential. Ideally located in the heart of Exposition Park, this property features four flexible one-bedroom, one-bathroom units, each with strategic dens that can be utilized as additional bedrooms, allowing for rental as two-bedroom units. The property generates approximately $6,489 per month, yielding a CAP rate of over 5%. With a total building area of 2,724 square feet on a 5,463 square foot lot, the property provides ample parking for tenants in a high-demand area. Additionally, buyers can take advantage of state bills to develop Accessory Dwelling Units (ADUs), further enhancing the property's potential.
Located amidst the bustling hubs of downtown Los Angeles and the vibrant USC/Exposition Park neighborhood, our property offers unparalleled proximity to major employers and key employment centers such as Los Angeles International Airport and West LA. Just a stone's throw away is the iconic Exposition Park, home to an array of entertainment options including Rose Garden, the Science Center, the African American History Museum, the LA Memorial Coliseum, and the BMO Stadium. Additionally, the highly anticipated $1B George Lucas Museum is set to open next summer. With convenient access to major freeways including I-10, I-110, US-101, and I-5, as well as a variety of public transportation options, residents enjoy seamless connectivity to destinations across Los Angeles and beyond.
Located amidst the bustling hubs of downtown Los Angeles and the vibrant USC/Exposition Park neighborhood, our property offers unparalleled proximity to major employers and key employment centers such as Los Angeles International Airport and West LA. Just a stone's throw away is the iconic Exposition Park, home to an array of entertainment options including Rose Garden, the Science Center, the African American History Museum, the LA Memorial Coliseum, and the BMO Stadium. Additionally, the highly anticipated $1B George Lucas Museum is set to open next summer. With convenient access to major freeways including I-10, I-110, US-101, and I-5, as well as a variety of public transportation options, residents enjoy seamless connectivity to destinations across Los Angeles and beyond.
Property Details
- Year Built
- 1913
- Stories
- 2
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 4
Highlights
- Prime Location: Near downtown Los Angeles and the vibrant USC/Exposition Park neighborhood
- Strong Income: Property generates approximately $6,489 per month, with a CAP rate of over 5%
- Entertainment Attractions: Exposition Park, the Rose Garden, the Science Center, the African American History Museum, the LA Memorial Coliseum, and BM
- Upcoming Landmark: The $1 billion George Lucas Museum opening next summer.
- Excellent Connectivity: Easy access to major freeways (I-10, I-110, US-101, and I-5) and various public transportation options.
- Seamless Connectivity: Residents can easily reach various destinations across Los Angeles and beyond.
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