Five-Unit Apartment
For Sale
$950,000
550 W 41st Dr, Los Angeles, CA 90037
Fully occupied multifamily property with low-maintenance landscaping and convenient access to major Los Angeles institutions and transit.
Property Size3,120 SF
Lot Size0.16 Acres
Days on Market50
Property Features for 550 W 41st Dr
General Information
Standard status
Active
Size
3,120 SF
Net Rentable
3,120 SF
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Zoning
RD1.5
Occupancy
100%
Site & Location
Neighborhood
Vermont Square
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
5
Amenities
low-maintenance landscaping
Building Details
Building Size
3,120 SF
Year Built
1921
Listing Agency:
Rodeo Realty- Brentwood
Listed By:
Amber Martinez · License #01961174
(310) 402-4727
Source:
Rochellemaize
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 4 at 9:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rodeo Realty- Brentwood
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Investment Insights
Based on property information with market context.
This 1921 apartment property contains five units and approximately 3,120 rentable square feet on an approximately 6,763-square-foot lot. The property is fully occupied and includes low-maintenance landscaping; there is no on-site laundry. The lot carries an RD1.5 designation, and the asset is offered as a multifamily property in Los Angeles.
The property is positioned near USC, Exposition Park, BMO Stadium, the Los Angeles Memorial Coliseum, the Natural History Museum, the California Science Center, and the Lucas Museum of Narrative Art. Metro transit, Downtown Los Angeles, major freeways, shopping, dining, and entertainment are also identified in the surrounding area.
The property is positioned near USC, Exposition Park, BMO Stadium, the Los Angeles Memorial Coliseum, the Natural History Museum, the California Science Center, and the Lucas Museum of Narrative Art. Metro transit, Downtown Los Angeles, major freeways, shopping, dining, and entertainment are also identified in the surrounding area.
Key Highlights
- Five‑unit apartment property built in 1921
- Approximately 3,120 rentable square feet
- Approximately 6,763‑square‑foot RD1.5 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,331
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,620
$926.6K
Cap Rate 7%
$661,871
$661.9K
Cap Rate 9%
$514,789
$514.8K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$84.8K $27.19/SF
− Vacancy
−$594 −$0.19/SF
EGI
$84.2K $27.00/SF
− OpEx
−$37.9K −$12.15/SF
NOI
$46.3K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,620
Cap Rate 7%
$661,871
Cap Rate 9%
$514,789
Alternative Uses
Best Use
Apartment 5plus
$661.9K
$579.1K – $772.2K
NOI $46,331 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,577 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,892
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with low-maintenance landscaping and convenient access to major Los Angeles institutions and transit.
Where is this apartment building located?
The property is located at 550 W 41st Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five‑unit apartment property built in 1921; Approximately 3,120 rentable square feet; Approximately 6,763‑square‑foot RD1.5 lot
