2641 South La Salle Avenue

Los Angeles, CA 90018

$1,575,000
Price
10
Beds
8
Baths
5,662 Sq. Ft.
$278 / Sq. Ft.
5,662
Sq. Ft.
$278
per Sq. Ft.

Description

2641 S La Salle Avenue, located in the sought-after West Adams neighborhood. This well-maintained property consists of eight spacious units: six (1 bed + 1 bath) and two (2 bed + 1 bath). Residents benefit from convenient amenities, including covered parking and on-site laundry facilities. This property represents a compelling value-add investment with a potential rental upside of + 45% without the addition of an Accessory Dwelling Unit (ADU) and + 58% with the inclusion of a studio ADU. Additionally,...2641 S La Salle Avenue, located in the sought-after West Adams neighborhood. This well-maintained property consists of eight spacious units: six (1 bed + 1 bath) and two (2 bed + 1 bath). Residents benefit from convenient amenities, including covered parking and on-site laundry facilities. This property represents a compelling value-add investment with a potential rental upside of + 45% without the addition of an Accessory Dwelling Unit (ADU) and + 58% with the inclusion of a studio ADU. Additionally, two of the units will be delivered vacant. The 5,662 sq. ft. building is situated on a +/- 7,500 sq. ft. lot, making it a prime investment in a dynamic and growing area. Residents of 2641 S La Salle Avenue benefit from the property's central location, offering easy access to major employment hubs and convenient connectivity to the broader Los Angeles area. The building is strategically situated near the 10 and 110 Freeways, providing seamless commutes to Downtown Los Angeles, CulverCity, and other key areas. This prime location ensures that residents are never far from work, entertainment, shopping, and dining, making it an attractive choice for those seeking both convenience and a vibrant urban lifestyle.

Listing Agents

  1. John Swartz

    John Swartz

    Listing Agent

    Compass

    DRE #01873487

    john.swartz@compass.com

    P: (310)-779-9929

  2. Jacqueline Carroll

    Jacqueline Carroll

    Alternative Listing Agent

    Compass

    DRE #02139996

Property Details for 2641 South La Salle Avenue

Zoning
LARD1.5
Parcel Number
5053019020
Total Units
8.0
Living Area
5662
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
7502
LISTING UPDATED: 11/12/2024 10:17 AM

Property Details for 2641 South La Salle Avenue

StatusActive Under Contract
MLS #24-458199
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Building Information for 2641 South La Salle Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,502 SF

Property Information for 2641 South La Salle Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $150,548
  • Net Operating Income: $97,268.00
  • Gross Income: $147,788
  • Cap Rate: 6.18%
  • Gross Rent Multiplier: $10.66
  • Total Annual Expense: 53279
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Uncovered
  • Total Parking: 8
  • Covered Parking: 3
  • Open Other Spaces Total: 5
  • Parking Features: Attached Carport, Uncovered
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Range/Oven
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $9,096.00
  • Unit Projected Rent: $12,900.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $3,220.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $251,838.00
  • Assessed Improvement Percent: 73.72
  • Assessed Land Value: $89,788.00
  • Assessed Land Percent: 26.28
  • Assessed Total Value: $341,626.00

Property History for 2641 South La Salle Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2641 South La Salle Avenue

Taxable ValueLand$91,583Additions$256,874Total$348,457
Tax Record2024$5,336 ($445 / month)
Home Facts
Total Finished SqFt5,662 SqFtAbove Grade Finished SqFt5,662 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLARD1.5CountyLOS ANGELESAPN5053-019-020

Schools near 2641 South La Salle Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Birdielee V. Bright Elementary School
PublicK to 5

Crown Preparatory Academy
Charter5 to 8

Johnnie Cochran, Jr., Middle School
Public6 to 8

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Jacqueline Carroll, DRE #02139996

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.