251 W 41st Pl

Los Angeles, CA 90037

$1,499,995
Price
11
Beds
7
Baths
3,609 Sq. Ft.
$416 / Sq. Ft.
3,609
Sq. Ft.
$416
per Sq. Ft.
a front view of a house with a fountain
a close up of a potted plant on a wall
an empty room with wooden floor and closet
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a bathroom with a toilet and shower
a close view of shoes and cabinets
a front view of house with outdoor seating
a view of an empty room with wooden floor and a window
a bathroom with a sink mirror vanity and toilet
a view of water heater room
a view of a closet area
wooden floor in an empty room with a bathroom
a view of walk in closet with empty racks
a close view of a sink and cabinets
a bathroom with a bathtub
a bathroom with a toilet and a shower
a bathroom with a shower sink and mirror

Description

Exceptional Income Property Prime Location Near Exposition Park & USC! This high-performing investment gem offers impressive income potential with a strong cap rate exceeding 8.5%. Fully upgraded from top to bottom, the property boasts a new electrical panel, upgraded plumbing, fresh exterior paint, and a fully inspected roof ensuring durability and minimal maintenance for years to come. Inside, every unit has been beautifully remodeled with modern finishes, updated electrical and plumbing systems,...Exceptional Income Property Prime Location Near Exposition Park & USC! This high-performing investment gem offers impressive income potential with a strong cap rate exceeding 8.5%. Fully upgraded from top to bottom, the property boasts a new electrical panel, upgraded plumbing, fresh exterior paint, and a fully inspected roof ensuring durability and minimal maintenance for years to come. Inside, every unit has been beautifully remodeled with modern finishes, updated electrical and plumbing systems, sleek kitchens, stylish bathrooms, and new flooring throughout, making this a true turnkey opportunity. With units occupied, investors can enjoy immediate, steady cash flow and strong long-term returns. Featuring a desirable unit mix of six, one 3-bedroom unit, four 2-bedroom units, and one single unit(ADU), this property appeals to a wide range of tenants and offers excellent rent diversification. Its prime location near major employers, schools, shopping, and transportation hubs drives consistent demand and high occupancy. Whether you're a seasoned investor or expanding your portfolio, this is a rare opportunity to own a low-maintenance, high-yield asset in one of LA's most desirable growth areas. Don't miss out on properties like this, they move fast! Please see attached OM.
  1. Listed by Meran Solamany • DRE #01301571 • Brokerage DRE #01018078 • Keller Williams Beverly Hills
  2. Listed by Farhoud Bastanfar • DRE #01738433 • Brokerage DRE #00662268 • Keller Williams Encino/Sherman Oaks

Property Details for 251 West 41st Place

Zoning
LARD1.5
Parcel Number
5111021017
Total Units
6.0
Living Area
3609
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
1%
Lot Size Area
6750
LISTING UPDATED: 11/19/2025 12:06 AM

Property Details for 251 West 41st Place

StatusActive
MLS #25616017
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.15 AC / 6,750 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Meran Solamany, DRE #01301571; Keller Williams Encino/Sherman Oaks, Farhoud Bastanfar, DRE #01738433
Add your commute

Building Information for 251 West 41st Place

Stories2Residences-Year Built1955Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$8,073 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$661

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 251 West 41st Place

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: standard
  • Security Features: Carbon Monoxide Detector(s)
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $162,257
  • Net Operating Income: $127,430.00
  • Gross Income: $163,896
  • Cap Rate: 8.50%
  • Gross Rent Multiplier: $9.15
  • Actual Annual Gross Rent: $163,896.00
  • Actual Rent Total: $163,896.00
  • Vacancy Allow Dollar: $1,639.00
  • Vacancy Allow Percent: 1.00%
  • Owner Pays: Water
  • Total Annual Expense: 34827
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6750
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Dual, Wall Unit(s)
  • Cooling Type: Dual, Wall Unit(s)
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: Microwave, Range/Oven, Refrigerator, Dishwasher
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2025
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,481.00
  • Unit Actual Rent: $3,481.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,380.00
  • Unit Actual Rent: $2,380.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,990.00
  • Unit Actual Rent: $1,990.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,084.00
  • Unit Actual Rent: $2,084.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,023.00
  • Unit Actual Rent: $2,023.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $348,173.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $232,114.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $580,287.00

Property History for 251 West 41st Place

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Listed (Active)

CRMLS #25616017

$1,499,995—
Nov 11, 2025

Listed (Active)

CLAW #25616017

$1,499,995—
Jul 11, 2016

Sold

SDMLS #IG15223322

$500,000—
Jul 11, 2016

Sold

CRMLS #IG15223322

$500,000—
Jul 11, 2016

Sold

CLAW #IG15223322MR

$500,000—
Apr 11, 2016

Sold (Public Record)

Public Record #573909983

$500,000—
Feb 28, 2016

Pending

CRMLS #IG15223322

—
Feb 28, 2016

Pending

CLAW #IG15223322MR

—
Feb 1, 2016

Price Change

CRMLS #IG15223322

$560,000—
Dec 1, 2015

Price Change

CRMLS #IG15223322

$575,000—
Dec 1, 2015

Withdrawn / Cancelled

CRMLS #IG15254826

$575,000—
Oct 12, 2015

Listed (Active)

CRMLS #IG15223322

$599,000—
Oct 12, 2015

Listed (Active)

SDMLS #IG15223322

$599,000—
Oct 12, 2015

Listed (Active)

CLAW #IG15223322MR

$599,000—
Oct 12, 2015

Listed (Active)

CRMLS #IG15254826

$575,000—
DateEvent & SourcePrice
11/11/2025

Listed (Active)

CRMLS #25616017

$1,499,995
11/11/2025

Listed (Active)

CLAW #25616017

$1,499,995
07/11/2016

Sold

SDMLS #IG15223322

$500,000
07/11/2016

Sold

CRMLS #IG15223322

$500,000
07/11/2016

Sold

CLAW #IG15223322MR

$500,000
04/11/2016

Sold (Public Record)

Public Record #573909983

$500,000
02/28/2016

Pending

CRMLS #IG15223322

—
02/28/2016

Pending

CLAW #IG15223322MR

—
02/01/2016

Price Change

CRMLS #IG15223322

$560,000
12/01/2015

Price Change

CRMLS #IG15223322

$575,000
12/01/2015

Withdrawn / Cancelled

CRMLS #IG15254826

$575,000
10/12/2015

Listed (Active)

CRMLS #IG15223322

$599,000
10/12/2015

Listed (Active)

SDMLS #IG15223322

$599,000
10/12/2015

Listed (Active)

CLAW #IG15223322MR

$599,000
10/12/2015

Listed (Active)

CRMLS #IG15254826

$575,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 251 West 41st Place

Taxable ValueLand$232,114Additions$348,173Total$580,287
Tax Record2025$7,926 ($661 / month)
Home Facts
Total Finished SqFt3,609 SqFtAbove Grade Finished SqFt3,609 SqFtLot Size6,748 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLARD1.5CountyLOS ANGELESAPN5111-021-017

Schools near 251 West 41st Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Ricardo Lizarraga Elementary School
Public - K to 5
William Jefferson Clinton Middle School
Public - 6 to 8
Thomas Jefferson Senior High School
Public - 9 to 12
Nava College Preparatory Academy
Public - 9 to 12
Rating
School
Distance
Ricardo Lizarraga Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 251 West 41st Place, Los Angeles, CA 90037

251 West 41st Place is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on November 11, 2025 by Keller Williams Beverly Hills, it's currently listed at $1,499,995. It has been on the market for a total of 34 days and was last sold on July 11, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Ricardo Lizarraga Elementary School, William Jefferson Clinton Middle School and Thomas Jefferson Senior High School. 251 West 41st Place is a 11-bed, 7-bath, 3,609 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Meran Solamany, DRE #01301571; Keller Williams Encino/Sherman Oaks, Farhoud Bastanfar, DRE #01738433

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.