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

$2,450,000 Sold Price as of 02/21/2024
  • 16 Beds
  • 15 Baths
  • 6,400 Sq.Ft.
Sold
$2,450,000 Sold Price as of 02/21/2024 Refinance Your Mortgage

Map preview of 607 W 41st Pl, Los Angeles, CA 90037

Property Overview: 607 W 41st Pl Los Angeles, CA has 16 bedrooms, 15 bathrooms, 6,400 living square feet and 6,761 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a five (5) unit brand new construction apartment building located at 604 West 41st Place in Los Angeles, California. The subject property is situated in a prime South Los Angeles Location, south of W Martin Luther King Jr Boulevard and east of S Hoover Street. Built in 2023, this brand new multifamily property contains an incredible unit mix of one (1) two-bedroom / one-bathroom ADU unit, two (2) three-bedroom / three-bathroom units, and two (2) four-bedroom / four-bathroom units all spread across a total of two (2) buildings. These large townhouse style units feature spacious floor plans with four (4) units going up three (3) stories each. With USC only one (1) mile away, this is an excellent off-campus housing option for USC students. Working professionals will also appreciate being less than four (4) miles from Downtown. Outdoor recreation is available right down the street Exposition Park featuring the Banc of California (newly rebranded as BMO) Stadium, LA Memorial Coliseum, California Science Center, Museum of LA County, and more. The property is just a very easy bike ride away from USC. Solid retail and restaurant amenities are available across numerous surrounding commercial corridors such as Vermont Avenue and W Martin Luther King Jr Boulevard, which is accessible within short walking distance. Situated in a prime South Los Angeles location, this offering presents an excellent opportunity for any investor to capitalize on a non rent controlled, brand new construction asset in a rapidly gentrifying market of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 2 minutes ago | Last updated: February 22nd, 2024 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
6,761
HOA Dues
$0/mo
Year built
2023
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23269171
City
Los Angeles
County
Los Angeles
Time on Site
265 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.15%
  • Gross Rent Multiplier: 12.01
  • Gross Scheduled Income: --
  • Net Operating Income: $152,204
  • Gross Operating Income: $199,917
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 607 W 41st Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Built-In
Interior Features
  • Levels: Three Or More
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • 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: 6
  • Has Parking
  • Parking Features: Covered, Gated, Garage - Two Door, Tandem Garage, Uncovered, Driveway
Lot Information
  • Lot Features: Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 5
  • Parcel Number: 5019019009
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime South Los Angeles Location, south of W Martin Luther King Jr Boulevard and east of S Hoover Street.
View more facts & features

Local Los Angeles Agent

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Sale History for 607 W 41st Pl

Last sold for $2,450,000 on February 21st, 2024
  • February, 2024

  • Feb 21, 2024

    Date

    Sold

    CRMLS: 23269171

    $2,450,000

    Price

  • May 10, 2023

    Date

    Active

    CRMLS: 23269171

    $2,475,000

    Price

  • December, 2020

  • Dec 14, 2020

    Date

    Sold

    CRMLS: 20657262

    $695,000

    Price

  • Nov 17, 2020

    Date

    Active Under Contract

    CRMLS: 20657262

    $699,000

    Price

  • Nov 16, 2020

    Date

    Active

    CRMLS: 20657262

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Awesome opportunity to rehab or develop. Major fixer or tear down with R1.5 zoning in TOC zone (Buyer to verify) provides several options for owner users and developers alike. Also qualifies for USC Neighborhood Homeownership Program (grant up to $50K to qualifying USC employees). Located just a few blocks from USC campus, LA Metro light rail line, LAFC Stadium, and the recently completed University Village. Close to all other downtown amenities.

  • December, 2020

  • Dec 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $695,000

    Price

  • July, 2020

  • Jul 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $471,811

    Price

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Tax History for 607 W 41st Pl

Assessed Value (2020): $39,845
Year Land Value Improved Value Assessed Value
2020 $23,284 $16,561 $39,845

Home Value Compared to the Market

This property vs the competition

607 W 41st Pl sold on February 21, 2024 for 159.16% higher than the current median sold price for the city of Los Angeles which is $955,000. The median sold price per/sqft for Los Angeles is $701 and this home is sold at $386.72 per/sqft which puts the price per square foot 44.83% lower than the current median sale per square foot for the city of Los Angeles.

About 607 W 41st Pl

Detailed summary of property

607 W 41st Pl is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 16 bedrooms, 15 bathrooms, roughly 6,400 living square feet, and sits on an approximately 6,761 square foot lot. 607 W 41st Pl was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,450,000. Home in Los Angeles are selling for a median price of $955,000 and a median price per square foot of $701. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 159.16% higher than the current median priced home. Local homes that are currently for sale include 932 W 66th St, 1128 E 28th St and 1951 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 103 days, 607 W 41st Pl has a days on market of 34 days. There are currently 3055 homes for sale in the Los Angeles real estate market and 2085 of them are single family homes while 882 of them are condos and 85 are townhomes. For more information on this home for sale at 607 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 607 W 41st Pl

Public county record property details
Beds
5
Baths
2
Year built
1910
Sq. Ft.
2,246
Lot Size
6,760
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5019-019-009

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
$699,900
Median List Price/Sq.Ft.
$491
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$384
Total Inventory
34
Median Sale to List Price %
98.98%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), 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.