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Los Angeles, CA 90037 1348 W 41st Place

$2,500,000

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Presented By: Nicholas Alvarez with WORK REALTY ADVISORS; 909.908.5859
  • MLS# CV24009391
  • 01/18/2024
  • Request Tour
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  • BedBeds • 5
  • BathBaths • 5
  • FootageSQFT • 6,112

Home Details

Welcome to this exceptional 4-plex investment property! This property consists of 4 units in two buildings. The first duplex boasts 5 bedrooms and 5 bathrooms, while the second duplex comprises 5 bedrooms and 3 bathrooms. Each unit is equipped with its own laundry room and has separate gas and electrical meters, ensuring convenience and autonomy for residents. Each unit has 2 designated parking spots as well. The prime location adds to the property's allure, with close proximity to USC, LA Live, Staples Center, museums, and schools within walking distance. Noteworthy is the thriving coliving trend in the area, making it an ideal choice for those seeking a dynamic community. The property's appeal is further enhanced by its popularity among USC students. It's important to note that there is no rent control, offering flexibility and potential for investment growth. Seize this opportunity to be a part of a vibrant and sought-after community. Reach out to agent for the offering memorandum.
Presented By: Nicholas Alvarez with WORK REALTY ADVISORS; 909.908.5859

Interior Features for 1348 W 41st Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Street SuffixPlace
Total Stories2

Other Rooms

Entry Level1

General for 1348 W 41st Place

Additional Parcels Y/NNo
AppliancesWasher
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CoolingCentralAir
CountyLos Angeles
Days on Market53
DirectionsTurn into Normandie from W Martin Luther King Jr Blvd. Found on corner of W 41st Pl.
Entry Location4
Garage Spaces0.0
Garage Y/NNo
Gross Income174600.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense4480.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsCash, Conventional, Item1031Exchange, FHA, VALoan
Lot Size Square Feet6146.0
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income153294.1
New ConstructionNo
Open Parking Spaces8.0
Operating Expense21305.8
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name41st
Tax Lot25
Taxes$27,500
Total Units4
Trash Expense0.0
View Y/NNo
Waterfront Y/NNo
Year Built2020
Year Built SourceOwner

Exterior for 1348 W 41st Place

Building Area Total6112.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.1411
Lot Size Area6146.0
Lot Size SourceOwner
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,500,000
MLS#CV24009391
List Date 01/18/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors