914 W 41st ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24108780
Year Built 1913
Lot Size 5,466 Sqft
Property Description
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 5.14%. 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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR3
Interior
Laundry Inside
Exterior
Parking Features Assigned
Fence Wrought Iron
Pool None
Community Features Curbs,Gutter(s),Storm Drain(s),Street Lights
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,Fannie Mae
Listing Terms Cash,Conventional,1031 Exchange,FHA,Fannie Mae
Special Listing Condition Standard