914 41St St Los Angeles, CA 90037
- Apartment buildings
- 2,724 SF
Current Use by Public Records
- Apartment buildings
Property Details for 914 41St St
- Year built
- 1913
- Property size
- 2,724 SF
- Property type
- Apartment buildings
Description
This exceptional two-story fourplex presents a compelling value-add opportunity in the heart of Exposition Park, Los Angeles. The property boasts 2,724 square feet on a 5,463 square foot lot, encompassing four one-bedroom, one-bathroom units, each featuring a den convertible to a second bedroom. Currently operating at 100% occupancy, generating a $52,423 annual NOI and a 5.11% cap rate, pro forma projections indicate an 8.15% cap rate and $83,587 NOI. Built in 1913, this Class C building is zoned R3, offering potential for Accessory Dwelling Unit (ADU) development. The prime location near downtown Los Angeles and USC provides easy access to major freeways (I-10, I-110, US-101, and I-5), public transportation, and numerous attractions including Exposition Park, the Rose Garden, the Science Center, the African American History Museum, the LA Memorial Coliseum, BMO Stadium, and the upcoming George Lucas Museum. Ample parking is available on-site. The asking price is $1,025,000, representing $256,250 per unit and $376.28 per square foot. This fee-simple ownership presents a strong income stream with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.291
- Latitude
- 34.0091
