Remodeled
New
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 Market4
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: Sep 26
Last Checked: Sep 26 at 7:05AM
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 = 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
4.44%
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 4.44%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
