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

$825,000 Sold Price as of 06/09/2023
  • 7 Beds
  • 2 Baths
  • 2,632 Sq.Ft.
Sold
$825,000 Sold Price as of 06/09/2023 Refinance Your Mortgage
Map preview of 700 W 41St St, Los Angeles, CA 90037

Property Overview: 700 W 41St St Los Angeles, CA has 7 bedrooms, 2 bathrooms, 2,632 living square feet and 5,401 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 700 W 41st Street is walking distance to USC and exposition park, situated less than 1 mile from USC, minutes away from Downtown L.A., Banc of California Stadium, stores, restaurants, attractions, and much more. This is a great opportunity for investors and developers as the ZONING is LARD1.5(Per title), MULTI LEVEL UNITS HAVE BEEN BUILT ACROSS THE STREET AND AROUND THE AREA. Conveniently located near the 110 Freeway and walking distance to Exposition Park / USC Metro Station offering tenants a public transportation option. This neighborhood is currently undergoing gentrification and this opportunity offers an investor the possibility to capitalize on significant potential upside. This well maintained building is currently a two story duplex which can be turned into an apartment building and has the space to Build an ADU. This property offers an investor or developer, a great opportunity for massive and sustainable rental income or to simply renovate, build, and then sell for 7 figures, yielding a 6-figure and potentially a multi 6-figure profit. This property is also a great opportunity for a first time buyer/investor to live in one of the units and rent out the others while building on the property to further increase the rental income, allowing you to build that generational wealth and passive income that you've always wanted. If you're looking for a great financial investment then you will want to seriously consider this amazing real estate investment opportunity. This property appraised for 895k in June, this property is well priced, appraisal report can be provided upon request.

Listed by Mark King | BRE #02139777 | KW Advisors
Last checked: 7 minutes ago | Last updated: June 14th, 2023 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
5,401
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23231805
City
Los Angeles
County
Los Angeles
Time on Site
615 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,594
  • Total Rent: $1,594
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 16.78
  • Gross Scheduled Income: $84,000
  • Net Operating Income: $40,128
  • Gross Operating Income: $52,128
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 700 W 41St St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway Down Slope From Street, Gated
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5019021013
  • Architectural Style: Victorian
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Get on I-10 E, Follow I-10 E to Arlington Ave. Take exit 10 from I-10 E, Continue on Arlington Ave. Take W 30th St, W Jefferson Blvd and S Vermont Ave to W 41st St
View more facts & features

Local Los Angeles Agent

Sale History for 700 W 41St St

Last sold for $825,000 on June 9th, 2023

  • June, 2023

  • Jun 9, 2023

    Date

    Sold

    CRMLS: 23231805

    $825,000

    Price

  • Jan 12, 2023

    Date

    Active

    CRMLS: 23231805

    $875,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: 22146433

    $865,000

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: 22146433

    $890,000

    Price

  • Listing provided courtesy of CRMLS

    Attention Investors. Don't miss this opportunity to own a well maintained income unit walking distance from the LA Coliseum, Exposition Park and the California Science Center. NET INCOME $48,528. The units require very little maintenance and have a high rental potential. With a few cosmetic upgrades this building would look brand new. There are separate meters for gas and electricity and water. The owner pays for water only. Very close to shops, restaurants, and public transportation and is minutes from , Grand Central Market, USC, Staples Center, Dodger Stadium. It's close proximity to the Coliseum provides a great opportunity to get into a potentially high income producing building before the 2028 Summer Olympics come to Los Angeles. Please do not disturb the tenants. All offers are subject to interior inspection. Property is being sold with tenants in place. Current Tenants are Section 8. Large Lot Size. Plenty of room to build another unit in rear. Interior Pictures Coming soon. Please do not disturb tenants.

  • October, 2003

  • Oct 1, 2003

    Date

    Sold (Public Records)

    Public Records

    $244,500

    Price

Show More

Tax History for 700 W 41St St

Assessed Value (2020): $392,856
Year Land Value Improved Value Assessed Value
2020 $234,291 $158,565 $392,856

Home Value Compared to the Market

This property vs the competition

700 W 41St St sold on June 9, 2023 for 21.88% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $332.45 per/sqft which puts the price per square foot 54.08% lower than the current median sale per square foot for the city of Los Angeles.

About 700 W 41St St

Detailed summary of property

700 W 41St St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 7 bedrooms, 2 bathrooms, roughly 2,632 living square feet, and sits on an approximately 5,401 square foot lot. 700 W 41St St was first listed on ArdentRealEstateGroup.com on January 12, 2023. The homeowner sold the property for $825,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 21.88% lower than the current median priced home. Local homes that are currently for sale include 916 W 53rd W St, 3929 Brighton Ave and 182 E 35th St. While the average home in Los Angeles, CA is selling in 106 days, 700 W 41St St has a days on market of 36 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 700 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 700 W 41St St

Public county record property details
Beds
4
Baths
2
Year built
1927
Sq. Ft.
2,632
Lot Size
5,401
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
89
APN
5019-021-013

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%)

Thinking of Selling?

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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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