Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

3,120 sqft

Lot size

6,765 sqft

Year built

1921

Stories

2

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

34

MLS #

247190239

About this property

An appealing investment in the heart of Los Angeles, this five-unit income property pairs established rental income with a central location in an area of high rental demand near USC and the cultural attractions of Exposition Park. The property consists of a four-unit apartment building at 550 W 41st Dr and a separate single-family residence at 552 W 41st Dr, with all five units situated on one parcel under a single APN (5019-019-022). The property offers approximately 3,120 rentable square feet on a 6,763-square-foot lot with reported LARD1.5 zoning. Low-maintenance landscaping and no on-site laundry contribute to simpler upkeep and lower related expenses. Nearby destinations include the new Lucas Museum of Narrative Art, the Los Angeles Memorial Coliseum, and BMO Stadium, with proximity to venues associated with the Los Angeles 2028 Olympic Games. Convenient access to Metro, Downtown Los Angeles, and major freeways adds to the location's appeal. An attractive consideration for portfolio buyers and investors pursuing a 1031 exchange. Property to be delivered fully occupied with tenants in place. Drive by only.

Location

550 W 41st Drive

Los Angeles, Los Angeles, CA, 90037