607 West 41st Place

Los Angeles, CA 90037

$2,450,000
Last Sold Price
16
Beds
15
Baths
6,400 Sq. Ft.
$383 / Sq. Ft.
6,400
Sq. Ft.
$383
per Sq. Ft.

Description

We are pleased to present a five (5) unit brand new construction apartment building located at 604 West 41st Place in Los Angeles, California. The subject property is situated in a prime South Los Angeles Location, south of W Martin Luther King Jr Boulevard and east of S Hoover Street. Built in 2023, this brand new multifamily property contains an incredible unit mix of one (1) two-bedroom / one-bathroom ADU unit, two (2) three-bedroom / three-bathroom units, and two (2) four-bedroom / four-bathroom...We are pleased to present a five (5) unit brand new construction apartment building located at 604 West 41st Place in Los Angeles, California. The subject property is situated in a prime South Los Angeles Location, south of W Martin Luther King Jr Boulevard and east of S Hoover Street. Built in 2023, this brand new multifamily property contains an incredible unit mix of one (1) two-bedroom / one-bathroom ADU unit, two (2) three-bedroom / three-bathroom units, and two (2) four-bedroom / four-bathroom units all spread across a total of two (2) buildings. These large townhouse style units feature spacious floor plans with four (4) units going up three (3) stories each. With USC only one (1) mile away, this is an excellent off-campus housing option for USC students. Working professionals will also appreciate being less than four (4) miles from Downtown. Outdoor recreation is available right down the street Exposition Park featuring the Banc of California (newly rebranded as BMO) Stadium, LA Memorial Coliseum, California Science Center, Museum of LA County, and more. The property is just a very easy bike ride away from USC. Solid retail and restaurant amenities are available across numerous surrounding commercial corridors such as Vermont Avenue and W Martin Luther King Jr Boulevard, which is accessible within short walking distance. Situated in a prime South Los Angeles location, this offering presents an excellent opportunity for any investor to capitalize on a non rent controlled, brand new construction asset in a rapidly gentrifying market of Los Angeles.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 607 West 41st Place

Zoning
LARD1.5
Style
New Project
Cross Streets
W Martin Luther King Jr Blvd & S Hoover St
Parcel Number
5019019009
Total Units
5.0
Living Area
6400
Source Living Area
Builder
Area
Downtown L.A. (C42)

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Sold By Ray Kottapalli, Ray Kottapalli, DRE #00978654

Add your commute
LISTING UPDATED: 02/21/2024 04:07 PM

Property Details for 607 West 41st Place

StatusSold
MLS #23-269171
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.16 AC / 6,761 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Sold By Ray Kottapalli, Ray Kottapalli, DRE #00978654

Add your commute

Building Information for 607 West 41st Place

Stories3Residences-Year Built2023Building Size-Lot Size0.16 AC / 6,761 SF

Payment Calculator

$14,126 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$755

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 607 West 41st Place

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Property Condition: New Construction
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $199,917
  • Net Operating Income: $152,204.00
  • Gross Income: $206,100
  • Cap Rate: 6.15%
  • Gross Rent Multiplier: $12.01
  • Financial Info as Of: 05/10/2023
  • Vacancy Allow Dollar: $6,183.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 47713
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: No
  • Lot Acreage: 0.1552
  • Lot Size Square Feet: 6761
  • Lot Size Dimensions: 50x135
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Landscaped
  • Lot Description: Landscaped, Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated, Garage Is Attached, Garage - 2 Car, Tandem, Uncovered, Driveway
  • Total Parking: 6
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Parking Features: Covered, Gated, Garage - Two Door, Tandem Garage, Uncovered, Driveway
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Built-Ins
  • Interior Features: Built-Ins
  • Kitchen Features: Counter Top
  • Common Walls: Attached
  • Cooking Appliances: Built-Ins
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: Yes
  • Other Structural Features: Two On A Lot
  • Other Structures: Accessory Bldgs, Accessory Dwelling Unit
Lease Terms
Lease Terms
  • Entry Date: 05-10-2023
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,395.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,395.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $141,780.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $567,120.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $708,900.00

Property History for 607 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 607 West 41st Place

Taxable ValueLand$578,462Additions$144,615Total$723,077
Tax Record2023$9,056 ($755 / month)
Home Facts
Beds5Total Finished SqFt2,246 SqFtAbove Grade Finished SqFt2,246 SqFtStories2Lot Size6,761 SqFtStyleSingle Family ResidenceYear Built1910ZoningLARD1.5CountyLOS ANGELESAPN5019-019-009

Schools near 607 West 41st Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

Global Education Academy
CharterK to 6

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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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 Marcus & Millichap, Jason Tuvia, DRE #01772495

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.