605 W 41St St Los Angeles, CA 90037
Property Features for 605 W 41St St
General Information
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1921
Source: Shield CRE, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fourplex Near USC Campus
This fourplex is located a half-mile from the USC campus and two blocks from BMO Stadium and the L.A. Memorial Coliseum. Situated a few blocks from Exposition Park, USC Village, the Lucas Museum of Narrative Arts, the Natural History Museum, and the California Science Center, the property occupies a 6,751-SF lot. It presents an opportunity for an owner-user, featuring a renovated one-bedroom unit delivered vacant with a washer and dryer. The property currently has a 5.53% cap rate and a 12.41 GRM, with pro-forma figures of 7.05% and 10.39%, respectively. There is potential to add ADUs in the rear parking area. Tenants are responsible for all trash, electricity, and gas expenses. The property includes four garages and is in close proximity to the Expo Park/USC Transit Line and Downtown Los Angeles. It qualifies for residential financing.
Location Intelligence
Current Use by Public Records
Esteban's Auto Repair
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.28433
- Latitude
- 34.00978
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex near USC, BMO Stadium, and LA Memorial Coliseum.
Where is this quadplex located?
The property is located at 605 W 41St St Los Angeles, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: - Prime Location: Half-mile from USC campus, 2 blocks from BMO Stadium & L.A. Memorial Coliseum, near Exposition Park, USC Village, Lucas Museum, Natural History Museum, and California Science Center.; - High Income Potential: 5.53% Current Cap Rate & 12.41 Current GRM, with 7.05% Pro-Forma Cap Rate & 10.39 Pro-Forma GRM.; - **Owner-User Opportunity:** Renovated 1-bedroom unit delivered vacant with washer and dryer.