263 West 41st Place

Los Angeles, CA 90037

$1,649,000
Price
—
Beds
4,368 Sq. Ft.
$378 / Sq. Ft.
4,368
Sq. Ft.
$378
per Sq. Ft.

Description

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...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.
  1. Listed by David Tramontano • DRE #01338351 • The Jireh Group

Property Details for 263 West 41st Place

Subdivision Name
Not Applicable
Garage Spaces
4.00
View
None

Location

Listing Courtesy of The Jireh Group, David Tramontano, DRE #01338351
Add your commute
LISTING UPDATED: 04/15/2024 04:01 AM

Property Details for 263 West 41st Place

StatusActive
MLS #P1-17217
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1927
Lot Size0.15 AC / 6,750 SF
CountyLos Angeles County

Location

Listing Courtesy of The Jireh Group, David Tramontano, DRE #01338351
Add your commute

Building Information for 263 West 41st Place

Stories2Residences-Year Built1927Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$9,880 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,999

Property Taxes

$881

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 263 West 41st Place

Summary
Location and General Information
  • Building Area Total: 4,368.00
  • Community Features: Urban
  • City: Los Angeles
  • Direction Faces: South
  • Directions: South of MLK Blvd. / West of S. Broadway
  • Area: LA - Los Angeles (L)
  • Postal Code Plus4: 4468
  • Unparsed Address: 263 West 41st Place, Los Angeles, CA 90037
Parking
  • Parking Features: Driveway Level, Garage - Single Door, Off Street, Uncovered, Concrete, Driveway
Taxes and HOA Information
  • Association Fee: $.00
  • New Taxes Expense: $18,301.30
  • Professional Management Expense: $.00
  • Tax Other Annual Assessment Amount: $218.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Level with Street, Sprinklers None
  • Lot Size Acres: .15
  • Lot Size Square Feet: 6,750.00
  • Lot Size Area: 6,750.00
  • Lot Size Dimensions: 50 x 136
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Parcel Number: 5111021016
  • Road Frontage Type: City Street
  • Zoning: LARD 1.5
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
Property and Assessments
  • Common Walls: 2+ Common Walls
  • Documents Count: 0
  • Entry Location: Ground level wiitn three steps
  • New Construction: No
  • Property Attached: Yes
  • Property Condition: Additions/Alterations, Repairs Cosmetic
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Standard
  • Sewer: Public Sewer
  • Water Sewer Expense: $300.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Fencing: None
  • Foundation Details: Raised
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: None
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Heating: Wall Furnace, Natural Gas
  • Heating: Yes
  • Laundry Features: None
  • Living Area: 4,368.00
  • View: No
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $8,630.00
  • Net Operating Income: $8,230.00
  • Electric Expense: $.00
  • Insurance Expense: $1,350.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 2
  • Operating Expense: $400.00
  • Pest Control Expense: $.00
  • Special Listing Conditions: Standard
  • Trash Expense: $.00
Mobile Home
Mobile Home Information
  • Licenses Expense: $33.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, Trash Collection

Property History for 263 West 41st Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 263 West 41st Place

Taxable ValueLand$577,587Additions$248,358Total$825,945
Tax Record2023$10,574 ($881 / month)
Home Facts
Total Finished SqFt4,368 SqFtAbove Grade Finished SqFt4,368 SqFtLot Size6,750 SqFtStyleQuadraplexYear Built1927ZoningLARD1.5CountyLOS ANGELESAPN5111-021-016

Schools near 263 West 41st Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

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Similar Sold Homes

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263 West 41st Place is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on April 14, 2024 by The Jireh Group, it's currently listed at $1,649,000. It has been on the market for a total of 19 days and was last sold on December 19, 2014. 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. 263 West 41st Place is a 0-bed, 0-bath, 4,368 sqft multi-family home built in 1927.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Jireh Group, David Tramontano, DRE #01338351

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.