862 West 41st Street

Los Angeles, CA 90037

$1,099,000
Price
5
Beds
3
Baths
2,821 Sq. Ft.
$390 / Sq. Ft.
2,821
Sq. Ft.
$390
per Sq. Ft.

Description

Attention INVESTORS! Presenting a fantastic opportunity with this fully move-in-ready triplex, perfectly positioned for rental income potential. This property features two spacious 2-bedroom, 1-bath units, both vacant and ready for immediate occupancy. The third unit is a cozy 1-bedroom, 1-bath, currently tenant-occupied, providing a steady income stream. The exterior has been beautifully updated, boasting fresh paint, refurbished detailing, and new vinyl double-paned windows for energy efficiency....Attention INVESTORS! Presenting a fantastic opportunity with this fully move-in-ready triplex, perfectly positioned for rental income potential. This property features two spacious 2-bedroom, 1-bath units, both vacant and ready for immediate occupancy. The third unit is a cozy 1-bedroom, 1-bath, currently tenant-occupied, providing a steady income stream. The exterior has been beautifully updated, boasting fresh paint, refurbished detailing, and new vinyl double-paned windows for energy efficiency. Additionally, the property includes a four-car garage with one-car spaces, plus a long driveway and ample extra parking space. Located in a highly desirable area, just minutes from BMO Stadium, the Coliseum, Natural History Museum, USC, and easy access to the 110 freeway. The property is also near LAUSD schools, shopping centers, car dealerships, and only 7 minutes from Downtown Los Angeles. Don't miss this prime investment opportunity in one of LA's most vibrant neighborhoods!
  1. Listed by Michelle Navarrete Vargas • DRE #02231711 • Brokerage DRE #01828350 • Realty ONE Group United
  2. Listed by Daniella Fiallos • DRE #02095346 • Brokerage DRE #01828350 • Realty ONE Group United

Property Details for 862 West 41st Street

Zoning
LAR3
Parcel Number
5019003032
Total Units
3.0
Living Area
2821
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Subdivision Name
Lot 56 of EXPOSITION PARK SQUARE
Vacancy Rate
2

Open Houses

Saturday, Dec 21st

11:00 AM - 2:00 PM

Public

LISTING UPDATED: 12/18/2024 10:56 AM

Property Details for 862 West 41st Street

StatusActive
MLS #24-463855
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.13 AC / 5,841 SF
CountyLos Angeles County

Building Information for 862 West 41st Street

Stories2Residences-Year Built1938Building Size-Lot Size0.13 AC / 5,841 SF

Property Information for 862 West 41st Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
  • Builders Tract Name: Lot 56 of EXPOSITION PARK SQUARE
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3
  • Direction Faces: North
  • Property Condition: Additions/Alter, Repair Cosmetic
  • Water: Public
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $16,800
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $16,800.00
  • Actual Gross Annual Income: $16,800
  • Actual Rent Total: $1,400.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1341
  • Lot Size Square Feet: 5841
  • Lot Description: Fenced
Parking Details
Parking Details
  • Parking Garage: Attached, Driveway, Garage Is Attached, Parking Space, Private Garage, Shared Driveway
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Driveway, Parking Space, Private, Shared Driveway
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall, Wall Gas
  • Flooring: Hardwood, Ceramic Tile, Carpet
  • Equipment: Gas Or Electric Dryer Hookup
  • Bathroom Features: Shower Over Tub
  • Laundry: In Kitchen, In Unit
Exterior Features
Exterior Features
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows, Bay Window
  • New Construction: No
  • Construction Materials: Plaster
  • Exterior Construction: Plaster
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-16-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Water, Trash Collection, Taxes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 1
  • Number Leased: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $140,000.00
  • Assessed Improvement Percent: 25.93
  • Assessed Land Value: $400,000.00
  • Assessed Land Percent: 74.07
  • Assessed Total Value: $540,000.00

Property History for 862 West 41st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 862 West 41st Street

Taxable ValueLand$408,000Additions$142,800Total$550,800
Tax Record2024$7,061 ($588 / month)
Home Facts
Total Finished SqFt2,821 SqFtAbove Grade Finished SqFt2,821 SqFtLot Size5,839 SqFtStyleTriplexYear Built1938ZoningLAR3CountyLOS ANGELESAPN5019-003-032

Schools near 862 West 41st Street

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 - 9 to 12
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

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.

Similar Homes

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862 West 41st Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on November 14, 2024 by Realty ONE Group United, it's currently listed at $1,099,000. It has been on the market for a total of 36 days and was last sold on August 24, 2022. 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. 862 West 41st Street is a 5-bed, 3-bath, 2,821 sqft multi-family home built in 1938.

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 Realty ONE Group United, Michelle Navarrete Vargas, DRE #02231711; Realty ONE Group United, Daniella Fiallos, DRE #02095346

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.