679 41St Pl Los Angeles, CA 90011
This 1-story, 1,101 sq ft apartment building in Los Angeles, CA (90011) presents a compelling development opportunity. Situated on a sizable 0.195-acre lot (almost 8,500 sq ft), the property boasts 8 parking spaces and is zoned LARD2. Currently generating $2,400 monthly rental income from a tenant-occupied unit, the property is priced at $1,000,000 ($908.27/sq ft). Preliminary plans for a substantial 6-unit complex (11,000 sq ft of living space, 18 parking spots) are available for review. The plans envision three-bedroom, three-bathroom units, targeting the student housing market near the University of Southern California. The property's location offers easy access to shops, restaurants, public transportation, and freeways. Note: The existing structure is a fixer-upper/tear-down
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.