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263 W 41St Pl, Los Angeles, CA 90037
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263 W 41St Pl Los Angeles, CA 90037

$1,649,000
  • 14 Beds
  • 4 Baths
  • 4,368 Sq.Ft.
For Sale
$1,649,000 Get Pre-Qualified
Map preview of 263 W 41St Pl, Los Angeles, CA 90037

Property Overview: 263 W 41St Pl Los Angeles, CA has 14 bedrooms, 4 bathrooms, 4,368 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 263 W. 41st Place provides a great opportunity to own a good cash flow 4 unit, 2 story property in South Los Angeles with additional upside on rents and supplemental income (parking/storage). One unit is currently vacant, and one additional unit will be vacant shortly. This two-story, 4- unit investment is comprised of 2 three-bedroom / 1-bathroom units and 2 four-bedroom / 1-bathroom units. Plenty of room for upside rents. The seller will deliver two units vacant. The buyer is purchasing the property with only two units tenant occupied. The actual cap is currently above 7.0% !. The owners have recently renovated one upstairs unit and painted the exterior and made some additional repairs. The property needs some TLC, but the right investor can make this a great cash-flowing asset.

Listed by David Tramontano | BRE #01338351 | The Jireh Group
Last checked: 13 minutes ago | Last updated: April 15th, 2024 | Source CRMLS | DOM: 21
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Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1927
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
P1-17217
City
Los Angeles
County
Los Angeles
Time on Site
28 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,769
  • Total Rent: $1,769
  • Pro Forma/Market Rent: $2,370
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,062
  • Total Rent: $2,062
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,370
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,924
  • Total Rent: $1,924
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $8,630
  • Net Operating Income: $8,230
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • # of Rented Garages: 5
  • Garage Rental Income: $875
Annual Expense Breakdown
  • Total Operating Expense: $400
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $33
  • New Taxes: $18,301
  • Trash: $0
  • Gardener: $100
  • Insurance: $1,350
  • Professional Management: $0
  • Water/Sewer: $300

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Property Details for 263 W 41St Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Converted Bedroom
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Single Door, Concrete, Uncovered, Off Street, Driveway, Driveway Level
Lot Information
  • Lot Features: Level with Street, Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5111021016
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Additions/Alterations, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: South of MLK Blvd. / West of S. Broadway
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 263 W 41St Pl

Last sold on January 23rd, 2020

  • April, 2024

  • Apr 14, 2024

    Date

    Active

    CRMLS: P1-17217

    $1,649,000

    Price

  • January, 2024

  • Jan 31, 2024

    Date

    Expired

    CRMLS: P1-15545

    $1,649,000

    Price

  • Oct 25, 2023

    Date

    Active

    CRMLS: P1-15545

    $1,690,000

    Price

  • Listing provided courtesy of CRMLS

    263 W. 41st Pl provides a great opportunity to own a good cash flow 4 unit, 2 story property in South Los Angeles with additional upside on rents and supplemental income (parking/storage). This two-story, 4- unit investment is comprised of two 3-bedroom / 1-bathroom units and two 4-bedroom / 1-bathroom units. Plenty of room for upside rents. Occupied with long-term tenants. The seller will not deliver any units vacant. The buyer is purchasing the property with all the units tenant-occupied. The actual cap is currently above 7.0% !. The owners have recently painted the exterior and made some additional repairs. The property needs some TLC, but the right investor can make this a great cash-flowing asset.

  • January, 2020

  • Jan 23, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2019

  • Jan 31, 2019

    Date

    Canceled

    CRMLS: 17224348

    $899,900

    Price

  • Aug 6, 2017

    Date

    Pending

    CRMLS: 17224348

    $899,900

    Price

  • Jun 17, 2017

    Date

    Active Under Contract

    CRMLS: 17224348

    $899,900

    Price

  • Apr 27, 2017

    Date

    Active

    CRMLS: 17224348

    $899,900

    Price

  • Listing provided courtesy of CRMLS

    HIGHEST TRUE CAP RATE UNDER $1M in DTLA! This is an opportunity to own a high cash flow, low maintenance and upgraded quadruplex. With a current cap rate of over 7% and great upside potential, this is ideal for passive investors looking for Steady Rents and Long-Term tenants who always pay on-time and are easy to work with... Located only one mile from the USC campus, the building contains 2, large 4BR units and 2, large 3BR units. Low maintenance and repairs due to recent updates including new water heaters, new roof, new plumbing, electrical upgrades in all units, and many new fixtures. There are separate washer and dryer hookups for each unit & 4 garages in the rear of the property. All units and separately-rented storage garages are rented out and/or occupied. All four-units are Section 8, which means majority of rents are direct deposit into owner's bank account through the Los Angeles Housing Authority.

  • June, 2017

  • Jun 13, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 263 W 41St Pl

Assessed Value (2020): $785,735
Year Land Value Improved Value Assessed Value
2020 $549,467 $236,268 $785,735

Home Value Compared to the Market

This property vs the competition

263 W 41St Pl is listed 32.03% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $377.52 per/sqft which puts the price per square foot 51.23% lower than the median price per square foot for the city of Los Angeles.

About 263 W 41St Pl

Detailed summary of property

263 W 41St Pl is a fourplex located in Los Angeles, CA 90037 and is currently for sale. This fourplex offers 14 bedrooms, 4 bathrooms, roughly 4,368 living square feet, and sits on an approximately 6,750 square foot lot. 263 W 41St Pl was first listed on ArdentRealEstateGroup.com on April 14, 2024. The homeowner is currently asking $1,649,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.03% higher than the median priced home. Local competing homes currently for sale include 3913 S Budlong Ave, 438 E 56th St and 982 E 50Th St. While the average home in Los Angeles, CA is selling in 93 days, 263 W 41St Pl has a days on market of 21 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 263 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 263 W 41St Pl

Public county record property details
Beds
8
Baths
4
Year built
1927
Sq. Ft.
4,368
Lot Size
6,749
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5111-021-016

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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Recently Sold Homes Near 263 W 41St Pl

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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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