$1,649,000
263 41st Place, Los Angeles 90037
14
Beds
4
Baths
6,750
Lot Size
4
# Of Units
Listing Agent
David Tramontano - The Jireh Group263 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.
Facts & Features
| MLS® # | P1-17217 |
|---|---|
| Price | $1,649,000 |
| Bedrooms | 14 |
| Bathrooms | 4.00 |
| Lot Size | 6,750 |
| Year Built | 1927 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 263 41st Place |
|---|---|
| Subdivision | Not Applicable |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90037 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Concrete, Door-Single, Driveway, Garage, Uncovered, Driveway Level, Off Street |
| # of Garages | 4 |
| Garages | Concrete, Door-Single, Driveway, Garage, Uncovered, Driveway Level, Off Street |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Sprinklers None, Street Level |
| Construction | Stucco |
| Foundation | Raised |
Additional Information
| Date Listed | April 14th, 2024 |
|---|---|
| Days on Market | 16 |
| Zoning | LARD 1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | David Tramontano |
|---|---|
| Office | The Jireh Group |