Thank you
David Tramontano
The Jireh Group
626-324-9448
263 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.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Fireplace: None
Flooring: Laminate
None
Air Conditioning
Natural Gas,Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1927
Building Area Total: 4,368
Construction: Stucco
Raised
None
None
None
Lot Dimensions Source: Assessor
Lot Size Acres: 0.155
Lot Size Dimensions: 50 x 136
Lot Size Source: Assessor
Lot Size Square Feet: 6750
Original List Price: 1,649,000
Listing Contract Date: 2024-04-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5111021016
Garage Description: Concrete,Driveway Level,Door-Single,Driveway,Garage,Off Street,Uncovered
Lease Term: Negotiable
Tenant Pays: Electricity,Gas,Trash Collection
Source Listing Status: Active
Source Neighborhood:
Postal Code Plus 4: 4468
Directions: South of MLK Blvd. / West of S. Broadway
Zoning: LARD 1.5
Source Property Type: Residential Income
Property SubType: Quadruplex
Property Age: 97
Common Walls: 2+ Common Walls
Property Condition: Additions/Alterations,Repairs Cosmetic
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Location: Ground level wiitn three steps
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4815 S Normandie Avenue, Los Angeles, CA,90037 | $750,000 | 5 | -- | 2,208 | 5403 Sqft |
1118 W 53rd Street, Los Angeles, CA,90037 | $725,000 | 3 | 2 | 1,893 | 5170 Sqft |
110 W 48th Street, Los Angeles, CA,90037 | $479,800 | 2 | 2 | 1,134 | 2400 Sqft |
4225 Van Buren Place, Los Angeles, CA,90037 | $849,900 | 4 | 2 | 1,645 | 5992 Sqft |
5116 S Budlong Avenue, Los Angeles, CA,90037 | $1,100,000 | 5 | 4 | 3,632 | 5520 Sqft |
232 W 49th Street, Los Angeles, CA,90037 | $699,999 | 4 | 2 | 1,744 | 5447 Sqft |
4125 S Figueroa Street .., Los Angeles, CA,90037 | $329,000 | 1 | 1 | 542 | 39267 Sqft |
3913 S Budlong Avenue, Los Angeles, CA,90037 | $1,699,000 | 6 | -- | 3,690 | 10432 Sqft |
602 W 40th Place #3, Los Angeles, CA,90037 | $1,799,999 | 10 | 5 | 3,692 | 6750 Sqft |
1115 W 41st Street, Los Angeles, CA,90037 | $959,900 | 3 | 2 | 2,182 | 6352 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 13:09
MLS: P1-17217
LISTED BY: David Tramontano, The Jireh Group
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.