651 E 41st Los Angeles, CA 90011
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26010787
HOA Y/N No
Year Built 1940
Lot Size 7,553 Sqft
Property Sub-Type Triplex
Property Description
Current rents are below market, with estimated market and voucher rents of approximately $2,887 per unit. One unit is anticipated to be delivered vacant at close, providing flexibility for a new owner to establish market rent or pursue an owner-user strategy.
Recent capital improvements include a newer roof and newer windows, which may reduce near-term maintenance. All utilities are separately metered, contributing to efficient operations. On-site parking enhances tenant appeal.
Additional value-add opportunity: An approximately 800 square foot garage, anticipated to be delivered vacant, may offer potential for conversion to an accessory dwelling unit (ADU), subject to buyer verification and approval by the City of Los Angeles / LADBS. Buyer to conduct their own investigations regarding zoning, permits, feasibility, and allowable uses.
Well suited for investors, 1031 exchange buyers, and value-add operators seeking current income with future upside in a high-demand rental market.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Total Parking Spaces 11
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5115002020
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Special Listing Condition Standard
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