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550 W 41St Dr, Los Angeles, CA 90037
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550 W 41St Dr Los Angeles, CA 90037

$1,020,000
  • 5 Beds
  • 25 Baths
  • 3,120 Sq.Ft.
For Sale
$1,020,000 Get Pre-Qualified
Map preview of 550 W 41St Dr, Los Angeles, CA 90037

Property Overview: 550 W 41St Dr Los Angeles, CA has 5 bedrooms, 25 bathrooms, 3,120 living square feet and 6,765 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: 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.

Listed by Eugenia Hernandez | BRE #00861063 | BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Last checked: 4 minutes ago | Last updated: August 19th, 2024 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
6,765
HOA Dues
$0/mo
Year built
1921
Garage
3 Car
Property Type:
Apartment
Status
Active
MLS#
BB24153385
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 5
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,691
  • Total Rent: $6,691
  • Pro Forma/Market Rent: $6,691
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,292
  • Net Operating Income: $64,827
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,465
  • Licenses: $533
  • New Taxes: $7,408
  • Trash: $45
  • Gardener: $85
  • Insurance: $1,884
  • Professional Management: $0
  • Water/Sewer: $385

Open Houses for 550 W 41St Dr

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Property Details for 550 W 41St Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wire, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5019019022
  • Year Built Source: Assessor
  • Architectural Style: Bungalow, Traditional
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: 1 Block south of figueroa
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 550 W 41St Dr

Last sold on November 3rd, 2015

  • July, 2024

  • Jul 29, 2024

    Date

    Active

    CRMLS: BB24153385

    $1,020,000

    Price

  • December, 2022

  • Dec 29, 2022

    Date

    Expired

    CRMLS: 22161959

    $1,093,000

    Price

  • May 27, 2022

    Date

    Active

    CRMLS: 22161959

    $1,093,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment property. Is the perfect opportunity for an investor to own near Downtown and USC 550 w 41st Dr, is located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Surrounded by new developments. This property consist of five exceptional units totaling 3,120 SF of living area on a sizable 6,763 lot. An exceptional value-add investment opportunity located in a high demand rental area. Walking distance to the Coliseum, The Bank of California Stadium, Metro Expo Rail Line, minutes away from USC, Freeway, Exposition Park and Museum. This offering consist of two, easily maintained buildings, a two story fourplex (1B+1B) and one detached large single unit (2B +1B + Den) This building provides adequate parking that consist of four covered parking spaces and two uncovered. All units are separately metered for electric and gas. With the largest unit (2B +1B+Den). It's a prime value add with good cash on cash return. Adding market rent to a future home for potential students or owner user, with exceptional upside potential offering more than 7% Pro Forma Cap Rate.

  • May, 2022

  • May 5, 2022

    Date

    Canceled

    CRMLS: 22116799

    $1,100,000

    Price

  • Jan 7, 2022

    Date

    Active

    CRMLS: 22116799

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Is proud to present 550 w 41st Dr, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Great Income property! This property consist of five exceptional units totaling 3,120 SF of living area on a sizable 6,763 lot. An exceptional value-add investment opportunity located in a high demand rental area. Walking distance to the Coliseum, The Bank of California Stadium, Metro Expo Rail Line, minutes away from USC, Freeway, Exposition Park and Museum. This offering consist of two, easily maintained buildings, a two story fourplex (1B+1B) and one detached large single unit (2B +1B + Den) This building provides adequate parking that consist of four covered parking spaces and two uncovered. All units are separately metered for electric and gas. With the largest unit (2B +1B+Den). It's a prime value add with good cash on cash return. Adding market rent to a future home for potential students or owner user, with exceptional upside potential offering more than 7% Pro Forma Cap Rate. Buyer to do their own due diligence.

  • September, 2021

  • Sep 14, 2021

    Date

    Pending

    CRMLS: SB21183607

    $1,100,000

    Price

  • Sep 13, 2021

    Date

    Active Under Contract

    CRMLS: SB21183607

    $1,100,000

    Price

  • Sep 13, 2021

    Date

    Pending

    CRMLS: SB21183607

    $1,100,000

    Price

  • Aug 19, 2021

    Date

    Active

    CRMLS: SB21183607

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 550 W 41st Dr in Los Angeles city. This is a great value-add deal in close proximity to all the new developments happening near Exposition Park, such as the Lucas Museum of Narrative Art, the $315 million renovation of the Coliseum, and the Banc of California Stadium! This 5 unit apartment has a great unit mix of four 1 bedroom/1 bath units and one 2 bedroom/ 1 bath unit. The subject property is 3,120 rentable sq ft, sitting on a 6,763 sq ft RD 1.5 lot. The property will be delivered fully occupied. Buyer to verify all information.

  • July, 2020

  • Jul 15, 2020

    Date

    Canceled

    CRMLS: SB20067152

    $895,000

    Price

  • Jul 8, 2020

    Date

    Active

    CRMLS: SB20067152

    $895,000

    Price

  • Jul 1, 2020

    Date

    Active Under Contract

    CRMLS: SB20067152

    $895,000

    Price

  • Apr 1, 2020

    Date

    Active

    CRMLS: SB20067152

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to present 550 W 41st Dr in Los Angeles city. This is a great value add deal in close proximity to all the new developments happening near Exposition Park, such as the Lucas Museum of Narrative Art, the $315 million renovation of the Coliseum, and the Banc of California Stadium! This 5 unit apartment has a great unit mix of four 1 bedroom/1 bath units and one 2 bedroom/ 1 bath unit. The subject property is 3,120 rentable sq ft, sitting on a 6,763 sq ft RD 1.5 lot. The property will be delivered fully occupied. Buyer to verify all information. Call/email me today for the full marketing package.

  • September, 2019

  • Sep 30, 2019

    Date

    Canceled

    CRMLS: 19471848

    $935,000

    Price

  • Sep 20, 2019

    Date

    Active

    CRMLS: 19471848

    $935,000

    Price

  • Sep 11, 2019

    Date

    Hold

    CRMLS: 19471848

    $935,000

    Price

  • Sep 10, 2019

    Date

    Active

    CRMLS: 19471848

    $935,000

    Price

  • Aug 31, 2019

    Date

    Hold

    CRMLS: 19471848

    $935,000

    Price

  • May 30, 2019

    Date

    Active

    CRMLS: 19471848

    $935,000

    Price

  • Listing provided courtesy of CRMLS

    Property listed with same broker.

  • May, 2019

  • May 29, 2019

    Date

    Canceled

    CRMLS: 19439002

    $950,000

    Price

  • Feb 28, 2019

    Date

    Active

    CRMLS: 19439002

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Property has been relisted with same broker

  • November, 2015

  • Nov 3, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2011

  • Dec 27, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 550 W 41St Dr

Assessed Value (2020): $513,755
Year Land Value Improved Value Assessed Value
2020 $329,680 $184,075 $513,755

Home Value Compared to the Market

This property vs the competition

550 W 41St Dr is listed 15% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $326.92 per/sqft which puts the price per square foot 57.43% lower than the median price per square foot for the city of Los Angeles.

About 550 W 41St Dr

Detailed summary of property

550 W 41St Dr is a apartment located in Los Angeles, CA 90037 and is currently for sale. This apartment offers 5 bedrooms, 25 bathrooms, roughly 3,120 living square feet, and sits on an approximately 6,765 square foot lot. 550 W 41St Dr was first listed on ArdentRealEstateGroup.com on July 29, 2024. The homeowner is currently asking $1,020,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 15% lower than the median priced home. Local competing homes currently for sale include 4216 Woodlawn Ave, 182 E 35th St and 1171 W 38th St. While the average home in Los Angeles, CA is selling in 106 days, 550 W 41St Dr has a days on market of 49 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 550 W 41St Dr 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 550 W 41St Dr

Public county record property details
Beds
7
Baths
5
Year built
1921
Sq. Ft.
3,120
Lot Size
6,762
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
5019-019-022

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home

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Los Angeles Agent
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 550 W 41St Dr

523 W 41St Pl, Los Angeles, CA 90037
$690,000 Last Sold Price
7 Beds
3 Baths
-- Sq.Ft.
523 W 41St Pl
Los Angeles, CA 90037
603 W 41st Pl, Los Angeles, CA 90037
$3,025,000 Last Sold Price
20 Beds
17 Baths
8500 Sq.Ft.
603 W 41st Pl
Los Angeles, CA 90037
611 W 41st Dr, Los Angeles, CA 90037
$783,000 Last Sold Price
7 Beds
3 Baths
1705 Sq.Ft.
611 W 41st Dr
Los Angeles, CA 90037
607 W 41st Pl, Los Angeles, CA 90037
$2,450,000 Last Sold Price
16 Beds
15 Baths
6400 Sq.Ft.
607 W 41st Pl
Los Angeles, CA 90037

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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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