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$ 950,000
Est. payment /mo
Active
550 W 41st Drive Los Angeles, CA 90037
3,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $304
MLS Listing ID CL26989463
HOA Y/N No
Year Built 1921
Lot Size 6,765 Sqft
Acres 0.1553
Property Sub-Type Other
Property Description
An appealing investment in the heart of Los Angeles, this five-unit income property pairs established rental income with a central location near USC and the growing cultural attractions of Exposition Park. A four-unit apartment building at 550 W 41st Dr and a separate single-family residence at 552 W 41st Dr occupy one parcel, offering approximately 3,120 rentable square feet on a 6,763-square-foot lot with reported LARD1.5 zoning (APN 5019-019-022).Offered at $950,000, the property generates reported annual rental income of $86,923, reflecting a 10.93 gross rent multiplier and $190,000 per residence. Low-maintenance landscaping helps simplify ongoing upkeep.The surrounding neighborhood brings together education, art, and entertainment, with nearby destinations including the new Lucas Museum of Narrative Art, the Coliseum, and BMO Stadium, as well as venues associated with the Los Angeles 2028 Olympic Games. Convenient access to Metro, Downtown Los Angeles, and major freeways further strengthens the location's appeal.An attractive addition to an investment portfolio or consideration for buyers pursuing a 1031 exchange. Property to be delivered fully occupied with tenants in place.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Building
New Construction No
Others
Tax ID 5019019022
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Listed by Amber Martinez • Rodeo Realty- Brentwood