Two-Story
For Sale
$999,000
914 W 41st Street, Los Angeles, CA 90037
Four one-bedroom units feature den areas and tenant parking across a multi-unit residential property.
Property Size2,724 SF
Lot Size0.13 Acres
Days on Market77
Property Features for 914 W 41st Street
General Information
Standard status
Active
Size
2,724 SF
Lot size
0.13 Acres
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$100,200
Building Details
Building Size
2,724 SF
Year Built
1913
Buildings
1
Stories
2
Listing Agency:
LPT Realty, Inc
(310) 525-0528
Listed By:
George Kpachavi · License #01839703
Source:
Truthrealty
Added: Jun 10
Changed: Aug 22
Last Checked: Aug 24 at 1:43PM
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 LPT Realty, Inc
Investment Insights
Based on property information with market context.
This two-story quadplex contains four 1-bedroom, 1-bathroom units. Each residence includes a den that can serve as an additional sleeping area, subject to applicable requirements. The property sits on a 5,463 square-foot lot and includes tenant parking. Built in 1913, it offers an established multifamily configuration with four separate units.
The property is located at 914 W 41st Street in Los Angeles, near USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and the LA Memorial Coliseum. Major freeways and public transportation are accessible from the property. Potential ADU development may provide an additional avenue for future planning, subject to local regulations.
The property is located at 914 W 41st Street in Los Angeles, near USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and the LA Memorial Coliseum. Major freeways and public transportation are accessible from the property. Potential ADU development may provide an additional avenue for future planning, subject to local regulations.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units, each with a den
- Two‑story quadplex built in 1913
- 5,463 square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.56%
Second Best
Apartment 5plus
$577.9K
$505.6K – $674.2K
NOI $40,451 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.07M
$933.9K – $1.25M
NOI $74,715 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units feature den areas and tenant parking across a multi-unit residential property.
Where is this quadplex located?
The property is located at 914 W 41st Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units, each with a den; Two‑story quadplex built in 1913; 5,463 square‑foot lot
