Remodeled
For Sale
$1,025,000
914 W 41st, Los Angeles, CA 90037
A fenced residential income property combines a private yard with parking for at least four cars.
Property Size2,724 SF
Days on Market17
Property Features for 914 W 41st
General Information
Standard status
Active
Size
2,724 SF
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Building Size
2,724 SF
Year Built
1913
Buildings
1
Listing Agency:
Circle Real Estate
Listed By:
Dennis Cid · License #02106156
(562) 222-9315
Source:
Rochellemaize
Added: Sep 24
Changed: Oct 1
Last Checked: Oct 10 at 1:50AM
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 Circle Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1913 and has a fenced yard with parking for four or more vehicles. One unit is occupied, while the other three are vacant. The vacant apartments have been remodeled with tile floors, granite countertops, and additional updates.
The property is south of USC and Exposition Park, near the LA Memorial Coliseum, BMO Stadium, the California Science Center, and the Natural History Museum. The E Line and 110 Freeway are nearby, connecting the area with Downtown LA, Culver City, and Santa Monica. Walk Score is 74, Bike Score is 81, and Transit Score is 62.
The property is south of USC and Exposition Park, near the LA Memorial Coliseum, BMO Stadium, the California Science Center, and the Natural History Museum. The E Line and 110 Freeway are nearby, connecting the area with Downtown LA, Culver City, and Santa Monica. Walk Score is 74, Bike Score is 81, and Transit Score is 62.
Key Highlights
- Four units; one occupied and three vacant
- Vacant apartments feature remodeled tile flooring and granite countertops
- Fenced property with parking for 4+ cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,512
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,240
$910.2K
Cap Rate 7%
$650,171
$650.2K
Cap Rate 9%
$505,689
$505.7K
Market Conditions
NOI Build-Up for 2,724 SF
Gross rent
$66.7K $24.48/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$65.0K $23.87/SF
− OpEx
−$19.5K −$7.16/SF
NOI
$45.5K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,240
Cap Rate 7%
$650,171
Cap Rate 9%
$505,689
Alternative Uses
Best Use
Multifamily LT 5
$650.2K
$568.9K – $758.5K
NOI $45,512 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$577.9K
$505.6K – $674.2K
NOI $40,451 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.07M
$933.9K – $1.25M
NOI $74,715 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,584
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
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Frequently Asked Questions
What type of property is this?
Quadplex - A fenced residential income property combines a private yard with parking for at least four cars.
Where is this quadplex located?
The property is located at 914 W 41st Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Four units; one occupied and three vacant; Vacant apartments feature remodeled tile flooring and granite countertops; Fenced property with parking for 4+ cars
