Active

651 E 41st

Los Angeles, CA 90011
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt4,626

Sqft

SqFt7,553

Sqft(Lot)

Excellent value-add 3-unit multifamily investment in Los Angeles with strong in-place income and upside potential. The property features three (3) spacious 2-bedroom / 1-bath units with approximately 4,626 square feet of building area on an approximately 7,551 square foot lot. Current rents are below market, with estimated market and voucher rents of approximately $2,887 per unit. One unit is anticipated to be delivered vacant at close, providing flexibility for a new owner to establish market rent or pursue an owner-user strategy. Recent capital improvements include a newer roof and newer windows, which may reduce near-term maintenance. All utilities are separately metered, contributing to efficient operations. On-site parking enhances tenant appeal. Additional value-add opportun ity: An approximately 800 square foot garage, anticipated to be delivered vacant, may offer potential for conversion to an accessory dwelling unit (ADU), subject to buyer verification and approval by the City of Los Angeles / LADBS. Buyer to conduct their own investigations regarding zoning, permits, feasibility, and allowable uses. Well suited for investors, 1031 exchange buyers, and value-add operators seeking current income with future upside in a high-demand rental market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,029,000

AD Id : 74373788

MLS Id : SR26010787

Lot Size : 7,553 Sqft

Living Area Size : 4,626

Year Built : 1940

Garage : 3

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1940 Building Area Total: 4,626
  • Pool Features

    None

    Laundry Features

    Washer Hookup,Gas Dryer Hookup

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1734
  • Lot Size Source: Assessor Lot Size Square Feet: 7553

  • Listing Price Information

    Original List Price: 1,029,000 Listing Contract Date: 2025-12-31
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5115002020

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: AVALON & MARTIN LUTHER KING Source Property Type: Residential Income Area: C42 - Downtown L.A. Property SubType: Triplex
  • Building and Construction

    Property Age: 86 Common Walls: 1 Common Wall Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1432 E 25th Street, Los Angeles, CA, 90011 $14,000,000 55 -- 26,048 26,048 SqFt
1325 E Adams Boulevard, Los Angeles, CA, 90011 $1,095,000 7 -- 2,838 2,838 SqFt
4610 Compton Avenue, Los Angeles, CA, 90011 $1,200,000 5 -- 3,124 3,124 SqFt
1132 E 27th Street, Los Angeles, CA, 90011 $960,000 6 4 1,486 1,486 SqFt
856 E 22nd Street, Los Angeles, CA, 90011 $1,150,000 5 -- 4,219 4,219 SqFt
2411 Griffith Avenue, Los Angeles, CA, 90011 $547,000 -- -- 1,064 1,064 SqFt
1348 E Vernon Avenue, Los Angeles, CA, 90011 $2,345,000 17 -- 5,927 5,927 SqFt
5426 Compton, Los Angeles, CA, 90011 $849,900 -- -- 4,186 4,186 SqFt
1013 E 28th Street, Los Angeles, CA, 90011 $996,000 12 -- 4,352 4,352 SqFt
805 E 25th St, Los Angeles, CA, 90011 $930,000 9 4 3,126 3,126 SqFt

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ByOwner last updated this listing 06/09/2026 @ 02:30

MLS: SR26010787 LISTED BY: Brent Gong, Coldwell Banker Realty 818-222-0023 SOURCE: CRMLS

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