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$ 950,000
Est. payment /mo
Active
550 W 41st Drive Los Angeles, CA 90037
3,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $304
MLS Listing ID CL26989463
HOA Y/N No
Year Built 1921
Lot Size 6,765 Sqft
Acres 0.1553
Property Sub-Type Other
Property Description
An appealing investment in the heart of Los Angeles, this five-unit income property pairs established rental income with a central location in an area of high rental demand near USC and the cultural attractions of Exposition Park. The property consists of a four-unit apartment building at 550 W 41st Dr and a separate single-family residence at 552 W 41st Dr, with all five units situated on one parcel under a single APN (5019-019-022). The property offers approximately 3,120 rentable square feet on a 6,763-square-foot lot with reported LARD1.5 zoning. Low-maintenance landscaping and no on-site laundry contribute to simpler upkeep and lower related expenses. Nearby destinations include the new Lucas Museum of Narrative Art, the Los Angeles Memorial Coliseum, and BMO Stadium, with proximity to venues associated with the Los Angeles 2028 Olympic Games. Convenient access to Metro, Downtown Los Angeles, and major freeways adds to the location's appeal. An attractive consideration for portfolio buyers and investors pursuing a 1031 exchange. Property to be delivered fully occupied with tenants in place.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Building
New Construction No
Others
Tax ID 5019019022
Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/550--W-41st-Dr/Residential-Income/26989463
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Listed by Amber Martinez • Rodeo Realty- Brentwood