431 E 41ST PLACE, LOS ANGELES, CA 90011

  • 4,024 sqft
  • Lot Size: 6,485 sqft
  • Built in 1922
  • MLS #PW19113780
For Sale $1,080,000

Description

Four-unit multi-family property at 431 East 41st Place in Los Angeles, CA 90011. The property currently consists of two structures totaling four units - a four bedroom, a three bedroom and two two bedroom units. The property has recently undergone a substantial renovation project. The four-bedroom and three-bedroom units are occupied at $2,800 and $2,500 monthly rent respectively. Both of the two-bedroom units (previously rented for $1,800 monthly) are delivered vacant, allowing a new owner to maximize the rents to market rates, projected at $1,995. The property is gated for the security of tenants and is rear alley accessible - there is also ample onsite parking for the tenants. The property is in a desirable location directly across the street from Gilbert Lindsay Park - recently renovated with brand new state-of-the-art turf fields, the park boasts an indoor gym, a preschool, and a community center in addition to fields/courts for soccer, baseball, and basketball. Well-located for commuters, less than one mile from the 110 Freeway and less than two miles from Downtown Los Angeles. Also located exactly one mile from USC and Exposition Park, home to the Los Angeles Memorial Coliseum (site of the Los Angeles 2028 Olympic Games), the brand-new LAFC Banc of California Stadium, and the future home of the under-construction $1 Billion George Lucas Museum of Narrative Art. Qualifies for residential financing because it is 4 units.

FACTS / FEATURES

  • Built in 1922
  • Lot Size: 6,485 sqft

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Listing Provided by Daniel Lewin, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of September 23, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.