263 W 41st Place
Los Angeles, CA 90037
MLS #17224348

Income
  • 4units
  • 4,368sq ft
Pending Sale $899,900
Est. P&I payment: $3437.01/mo
263 W 41st Place, Los Angeles, CA 90037
  • 263 W 41st Place, Los Angeles, CA 90037 Photo 1
  • 263 W 41st Place, Los Angeles, CA 90037 Photo 2
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Description for 263 W 41st Place, Los Angeles, CA 90037
HIGHEST TRUE CAP RATE UNDER $1M in DTLA! This is an opportunity to own a high cash flow, low maintenance and upgraded quadruplex. With a current cap rate of over 7% and great upside potential, this is ideal for passive investors looking for Steady Rents and Long-Term tenants who always pay on-time and are easy to work with... Located only one mile from the USC campus, the building contains 2, large 4BR units and 2, large 3BR units. Low maintenance and repairs due to recent updates including new water heaters, new roof, new plumbing, electrical upgrades in all units, and many new fixtures. There are separate washer and dryer hookups for each unit & 4 garages in the rear of the property. All units and separately-rented storage garages are rented out and/or occupied. All four-units are Section 8, which means majority of rents are direct deposit into owner's bank account through the Los Angeles Housing Authority.
MLS #17224348
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My Notes for MLS #17224348

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Year Built: 1927
  • Zoning: LARD1.5
  • Improvements Amount: 218,278
  • Improvements Percent: 30.07
  • Land Value: 507,625
  • Land Value Percent: 69.93

Exterior Features

  • Stories Total: 2
  • Lot Features: Sprinklers None
  • Lot Size SqFt: 6,750
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Other

Utility Features

  • Laundry YN: 1
  • Laundry Features: Gas & Electric Dryer Hookup

Financial Features

  • CapRate: 7.03
  • Net Operating Income: 63,304
  • Price Per SqFt: 206.02
  • Total Expenses: 15,164
  • Gross Multiplier: 8.72
  • Gross Operating Income: 78,468

Miscellaneous Features

  • Building Area Total: 4,368
  • Days On Market: 50
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 50

Location

 
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Directions to 263 W 41st Place, Los Angeles, CA 90037
On the North Side of West 41st Place, the First Building East of South Broadway.
Listing information for 263 W 41st Place, Los Angeles, CA 90037 was graciously provided by our friends at the listing brokerage, Keller Williams Beverly Hills and by listing agent Gray Christopher DRE# 02012829 and Yarbrough Jeff DRE# 01341959

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P&I Payment $3437.01
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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