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155 W 41st Pl, Los Angeles, CA 90037
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155 W 41st Pl Los Angeles, CA 90037

$1,125,000 Sold Price as of 12/18/2020
  • 9 Beds
  • 7 Baths
  • 4,935 Sq.Ft.
Sold
$1,125,000 Sold Price as of 12/18/2020 Refinance Your Mortgage
Map preview of 155 W 41st Pl, Los Angeles, CA 90037

Property Overview: 155 W 41st Pl Los Angeles, CA has 9 bedrooms, 7 bathrooms, 4,935 living square feet and 6,738 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price reduced! Don't miss out on a great cash flow opportunity near the new Exposition Park development projects! Let the location get to work while this property lets you sit on a 5.5% current cap rate and great in-place stabilized cash flow! 4 of 5 units have been beautifully fully rehabbed and are getting market rents. With 4 of 5 units recently rehabbed, the maintenance & repairs will be very low for the new owner! The below market rent unit will provide additional upside for the new owner! On-site tenant parking for each unit in the back with a great unit mix of (2) 2 Bed/1 ¾ Townhomes, (2) 2 Bed/1 Bath & (1) 1 Bed/1 Bath units. The building is professionally managed and 100% occupied. Tenants are centrally located with quick access to Downtown LA, LA Live & Staples Center, USC, the new $1B George Lucas Museum, Vermont Metro Station, Banc of California Stadium, 110 & 10 Freeway Entrances/Exits, newly upgraded LA Coliseum, Natural History Museum & Science Center and the “Exposition Point” high end mixed use development project that is set to break ground and begin construction. Exposition Point will be approximately 3 blocks from 155 W 41st Place and featuring 80+ luxury apartment units, USC student housing, a 4-5 star hotel and ground floor retail and restaurants. Bring all offers!

Listed by Jonathan Rawson | BRE #02010400 | Keller Williams Beach Cities
Co-listed by Keith Moret | BRE #01802527 | Keller Williams Beach Cities
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,738
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
IN20191198
City
Los Angeles
County
Los Angeles
Time on Site
1217 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $780
  • Total Rent: $780
  • Pro Forma/Market Rent: $2,025
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,025
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 11.6
  • Gross Scheduled Income: $102,840
  • Net Operating Income: $65,401
  • Gross Operating Income: $97,698
Annual Expense Breakdown
  • Total Operating Expense: $32,297
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 155 W 41st Pl

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5111020017
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of 110 Fwy, South of MLK, North of Vernon & West of Main
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 155 W 41st Pl

Last sold for $1,125,000 on December 18th, 2020

  • December, 2020

  • Dec 18, 2020

    Date

    Sold

    CRMLS: IN20191198

    $1,125,000

    Price

  • Oct 19, 2020

    Date

    Pending

    CRMLS: IN20191198

    $1,195,000

    Price

  • Oct 9, 2020

    Date

    Price Change

    CRMLS: IN20191198

    $1,195,000

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: IN20191198

    $1,225,000

    Price

  • December, 2020

  • Dec 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,125,000

    Price

  • May, 2018

  • May 3, 2018

    Date

    Sold

    CRMLS: RS18024144

    $635,000

    Price

  • Mar 26, 2018

    Date

    Pending

    CRMLS: RS18024144

    $600,000

    Price

  • Mar 5, 2018

    Date

    Active Under Contract

    CRMLS: RS18024144

    $600,000

    Price

  • Feb 1, 2018

    Date

    Active

    CRMLS: RS18024144

    $600,000

    Price

  • Listing provided courtesy of CRMLS

    This is a great investment for an investor who wants to hold on to some well maintained units with long term tenants. The unit combo is 1) 3 bed, 2 bath and 3) 2 bed, 1 bath. The rents total $3,600 monthly.

  • May, 2018

  • May 3, 2018

    Date

    Sold (Public Records)

    Public Records

    $635,000

    Price

Show More

Tax History for 155 W 41st Pl

Assessed Value (2020): $660,654
Year Land Value Improved Value Assessed Value
2020 $416,160 $244,494 $660,654

Home Value Compared to the Market

This property vs the competition

155 W 41st Pl sold on December 18, 2020 for 0.42% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $242.15 per/sqft which puts the price per square foot 67.93% lower than the current median sale per square foot for the city of Los Angeles.

About 155 W 41st Pl

Detailed summary of property

155 W 41st Pl is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,935 living square feet, and sits on an approximately 6,738 square foot lot. 155 W 41st Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,125,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.42% higher than the current median priced home. Local homes that are currently for sale include 625 E 49th St, 747 E 33rd St and 217 W 57th St. While the average home in Los Angeles, CA is selling in 93 days, 155 W 41st Pl has a days on market of 27 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 155 W 41st Pl Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 155 W 41st Pl

Public county record property details
Beds
9
Baths
5
Year built
1923
Sq. Ft.
4,935
Lot Size
6,737
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5111-020-017

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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