1348 West 41st Place

Los Angeles, CA 90037

$2,500,000
Price
20
Beds
16
Baths
6,112 Sq. Ft.
$409 / Sq. Ft.
6,112
Sq. Ft.
$409
per Sq. Ft.

Description

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,...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.
  1. Listed by Nicholas Alvarez • DRE #01950605 • Brokerage DRE #02106993 • WORK REALTY ADVISORS • 909.908.5859
  2. Listed by Ken Hsiang • DRE #01930069 • Brokerage DRE #02106993 • WORK REALTY ADVISORS

Property Details for 1348 West 41st Place

Parking Spaces Total
8
Private Pool
No
Cooling Type
Central
Total Units
4.0
Building Type
Attached
Lot Size Source
Owner
Living Area
6112
Property Attached YN
true

Location

Listing Courtesy of WORK REALTY ADVISORS, Nicholas Alvarez, DRE #01950605; WORK REALTY ADVISORS, Ken Hsiang, DRE #01930069
Add your commute
LISTING UPDATED: 05/02/2024 11:05 AM

Property Details for 1348 West 41st Place

StatusActive
MLS #CV24009391
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built2020
Lot Size0.14 AC / 6,146 SF
CountyLos Angeles County

Location

Listing Courtesy of WORK REALTY ADVISORS, Nicholas Alvarez, DRE #01950605; WORK REALTY ADVISORS, Ken Hsiang, DRE #01930069
Add your commute

Building Information for 1348 West 41st Place

Stories2Residences-Year Built2020Building Size-Lot Size0.14 AC / 6,146 SF

Payment Calculator

$13,644 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1348 West 41st Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $174,600
  • Gross Scheduled Income: $174,600
  • Net Operating Income: $153,294
Expense Details
  • Operating Expense: $21,306
  • New Taxes Expense: $27,500
  • Insurance Expense: $4,480
  • Trash Expense: $0
  • Total Expenses: $31,980
Tax / Assessment Info
  • Tax Tract Number: 2
  • Tax Lot: 25
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 4
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Multi/Split
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,888
  • Unit Type Total Rent: $3,888
  • Unit Type Pro Forma: 3888
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,780
  • Unit Type Total Rent: $3,780
  • Unit Type Pro Forma: 3780
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,888
  • Unit Type Total Rent: $3,888
  • Unit Type Pro Forma: 3888
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $40,309
  • Unit Type Total Rent: $4,039
  • Unit Type Pro Forma: 4039
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 1348 West 41st Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1348 West 41st Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 4
Public - 6 to 9
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
KIPP Vida Preparatory Academy
CharterK to 4

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 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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1348 West 41st Place is a mixed use property for sale in Los Angeles, CA 90037. This property was listed for sale on January 16, 2024 by WORK REALTY ADVISORS, it's currently listed at $2,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include KIPP Vida Preparatory Academy, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 1348 West 41st Place is a 20-bed, 16-bath, 6,112 sqft mixed use property built in 2020.

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 WORK REALTY ADVISORS, Nicholas Alvarez, DRE #01950605; WORK REALTY ADVISORS, Ken Hsiang, DRE #01930069

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.