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601 W 41St St, Los Angeles, CA 90037
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601 W 41St St Los Angeles, CA 90037

$1,075,000 Sold Price as of 08/09/2022
  • 8 Beds
  • 4 Baths
  • 4,548 Sq.Ft.
Sold
$1,075,000 Sold Price as of 08/09/2022 Refinance Your Mortgage
Map preview of 601 W 41St St, Los Angeles, CA 90037

Property Overview: 601 W 41St St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,548 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Now 50% Vacant! 4 expansive 2 bed 1 bath units located 2 blocks south of Exposition Park and just a few blocks from the USC Campus. Two of the units are now vacant and two units have additional sun rooms. With its strong USC adjacent location and spacious units, 601 W. 41st St. offers tremendous value added opportunity to convert to student housing. The property has been under family ownership for over 25 years and is very well maintained. There is also potential to build an additional dwelling unit (ADU) in the rear of the property.

Listed by Darin Spillman | BRE #01366902 | Kidder Mathews of California, Inc.
Last checked: 13 minutes ago | Last updated: August 10th, 2022 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22156803
City
Los Angeles
County
Los Angeles
Time on Site
734 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,271
  • Total Rent: $1,271
  • Pro Forma/Market Rent: $1,271
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,593
  • Total Rent: $1,593
  • Pro Forma/Market Rent: $1,593
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 12.8
  • Gross Scheduled Income: --
  • Net Operating Income: $61,829
  • Gross Operating Income: $89,568
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 601 W 41St St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • None
Room Information
  • Sun
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5019023021
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of Figueroa St and 110 Freeway and South of King Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 601 W 41St St

Last sold for $1,075,000 on August 9th, 2022

  • August, 2022

  • Aug 9, 2022

    Date

    Sold

    CRMLS: 22156803

    $1,075,000

    Price

  • May 12, 2022

    Date

    Active

    CRMLS: 22156803

    $1,150,000

    Price

  • August, 2021

  • Aug 13, 2021

    Date

    Expired

    CRMLS: 21733064

    $1,100,000

    Price

  • Jul 22, 2021

    Date

    Withdrawn

    CRMLS: 21733064

    $1,100,000

    Price

  • Jul 15, 2021

    Date

    Pending

    CRMLS: 21733064

    $1,100,000

    Price

  • May 17, 2021

    Date

    Active

    CRMLS: 21733064

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the Expo Park section of Los Angeles, with immediate access to the USC Campus, Banc of California Stadium, the L.A. Coliseum (hosting the Olympic Games in 2028), and the future site of the $1 Billion George Lucas Museum of Narrative Art, set to open in late 2022. PROPERTY HIGHLIGHTS: Spacious Units -- total rentable square feet of the 4 units totals 4,548 (per assessor). Excellent Unit Mix -- two 2 bed 1 bath units and two 2 bed 1 bath plus sun room units. Well Maintained -- Owned by the same family ownership for over 25 years. Value-Add -- Opportunity to convert to student housing and dramatically increase rents in the long term.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: 20645288

    $998,000

    Price

  • Dec 27, 2020

    Date

    Withdrawn

    CRMLS: 20645288

    $998,000

    Price

  • Oct 11, 2020

    Date

    Active

    CRMLS: 20645288

    $998,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the Expo Park section of Los Angeles, with immediate access to the USC Campus, Banc of California Stadium, the L.A. Coliseum (hosting the Olympic Games in 2028), and the future site of the $1 Billion George Lucas Museum of Narrative Art, set to open in late 2021. PROPERTY HIGHLIGHTS: Spacious Units -- total rentable square feet of the 4 units totals 4,548 (Buyer to verify). Excellent Unit Mix -- two 2 bed 1 bath units and two 2 bed 1 bath plus sun room units. Well Maintained -- Owned by the same family ownership for over25 years. Value-Add -- Opportunity to convert to student housing and dramatically increase rents in the long term.

  • April, 2001

  • Apr 10, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 601 W 41St St

Assessed Value (2020): $45,897
Year Land Value Improved Value Assessed Value
2020 $23,284 $22,613 $45,897

Home Value Compared to the Market

This property vs the competition

601 W 41St St sold on August 9, 2022 for 3.36% lower 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 $252.86 per/sqft which puts the price per square foot 66.51% lower than the current median sale per square foot for the city of Los Angeles.

About 601 W 41St St

Detailed summary of property

601 W 41St St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,548 living square feet, and sits on an approximately 6,750 square foot lot. 601 W 41St St was first listed on ArdentRealEstateGroup.com on May 13, 2022. The homeowner sold the property for $1,075,000. 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 3.36% lower than the current median priced home. Local homes that are currently for sale include 840 W 52nd St, 1286 W 39th Pl and 178 E 49th St. While the average home in Los Angeles, CA is selling in 94 days, 601 W 41St St has a days on market of 61 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 601 W 41St St 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 601 W 41St St

Public county record property details
Beds
8
Baths
4
Year built
1921
Sq. Ft.
4,548
Lot Size
6,750
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
60,61
APN
5019-023-021

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
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
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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(714) 706-1823

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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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