550 West 41st Drive

Los Angeles, CA 90037

$1,020,000
Price
1
Beds
25
Baths
3,120 Sq. Ft.
$327 / Sq. Ft.
3,120
Sq. Ft.
$327
per Sq. Ft.

Description

We are please to present 550-552 W 41st Dr, in the city of Los Angeles. This is the perfect opportunity for an investor to own near Downtown and USC. The property is located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. The property is surrounded by new developments. Walking distance to the Coliseum, The Bank of California Stadium, minutes away from USC. This is a fabulous opportunity. Buyer to cooperate with a 1031 exchange at no cost to the buyer.We are please to present 550-552 W 41st Dr, in the city of Los Angeles. This is the perfect opportunity for an investor to own near Downtown and USC. The property is located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. The property is surrounded by new developments. Walking distance to the Coliseum, The Bank of California Stadium, minutes away from USC. This is a fabulous opportunity. Buyer to cooperate with a 1031 exchange at no cost to the buyer.
  1. Listed by Eugenia Hernandez • DRE #00861063 • Brokerage DRE #01190835 • BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate • eugeniahernandez@att.net

Property Details for 550 West 41st Drive

Architectural Style
Bungalow, Traditional
View
None
Parking Spaces Total
5
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 10/23/2024 10:27 PM

Property Details for 550 West 41st Drive

StatusActive
MLS #BB24153385
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
CountyLos Angeles County

Building Information for 550 West 41st Drive

Building/Complex550 W 41st DrFloor-Stories2Residences-Pet Policy-Year Built1921Building Size-

Property Information for 550 West 41st Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $80,292
  • Gross Scheduled Income: $80,292
  • Net Operating Income: $64,827
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $15,465
  • New Taxes Expense: $7,408
  • Gardener Expense: $85
  • Licenses Expense: $533
  • Insurance Expense: $1,884
  • Professional Management Expense: $0
  • Trash Expense: $45
  • Water Sewer Expense: $385
  • Total Expenses: $15,465
Tax / Assessment Info
  • Tax Tract Number: 42
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 42
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: None
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wire, Wrought Iron
  • Fencing: Wire, Wrought Iron
  • Property Condition: Repairs Cosmetic
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $6,691
  • Unit Type Total Rent: $6,691
  • Unit Type Pro Forma: 6691
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 0

Property History for 550 West 41st Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 550 West 41st Drive

Taxable ValueLand$353,482Additions$197,364Total$550,846
Tax Record2024$7,536 ($628 / month)
Home Facts
Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtLot Size6,763 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLARD1.5CountyLOS ANGELESAPN5019-019-022

Schools near 550 West 41st Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 7
Public - 6 to 11
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 7

Barack Obama Global Preparation Academy
Public6 to 11

Manual Arts Senior High School
Public9 to 12

Global Education Academy
CharterK 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.

Similar Homes

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550 West 41st Drive is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on July 29, 2024 by BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate, it's currently listed at $1,020,000. It has been on the market for a total of 116 days and was last sold on December 23, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Menlo Avenue Elementary School, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 550 West 41st Drive is a 1-bed, 25-bath, 3,120 sqft multi-family home built in 1921.

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 BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate, Eugenia Hernandez, DRE #00861063

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.