187 W 41st Place, Los Angeles, CA, 90037

  • $2,000,000
  • $2,000,000
187 W 41st Place , Los Angeles, CA 90037
Active For Sale
187 W 41st Place , Los Angeles, CA 90037
  • $2,000,000
  • $2,000,000

Description

Huge $100,000 Price Reduction! Great Cash Flow! 6.43% Cap Rate and 10.94 GRM! 187 W 41st Pl, A recently remodeled 7-unit Multifamily
property located just steps from USC. With a newly
built ADU, the subject operates at a 6.43% Cap Rate
and 10.94 GRM offering any investor with strong cash
flow, and 12% in rental upside!
The subject property boasts an excellent unit mix of
(2) 1-Bed/1-Bath, (1) 2-Bed/2-Bath, and (4) 3-Bed/1-
Bath units. With 6,558 rentable Sq. Ft, these large units
feature washer/dryer in unit, in-wall A/C, and central
heating.
187 W 41st Pl is located just minutes from USC,
Downtown LA, Gilbert Lindsay Park, Exposition Park,
Lucas Museum, Art’s district, The Reef, Banc of
California Stadium, and LA LIVE, as well as billions of
dollars worth of development pouring into DTLA.

  • Address 187 W 41st Place
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90037

Details

Updated on January 25, 2023 at 12:15 pm
  • Property ID: SB22229392
  • Price: $2,000,000
  • Land Area: 0.1552 Acres
  • Year Built: 1924
  • Property Type: Commercial/Residential
  • Property Status: Active

Additional details

  • PropertySubType: Commercial/Residential
  • Pool Features: None
  • Zone: RD 1.5
  • Days On Market: 87
  • Garage Spaces: 0.00
  • LotSize SquareFeet: 6760.00
  • Lot Features: 0-1 Unit/Acre
  • Community Features: Curbs,Park,Street Lights,Urban
  • Sewer: Public Sewer

Features

Listed by

Lyon Stahl Investment Real Estate, Inc.
Agent Name : Aaron Jacobson
Agent State License : 02100737

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