651 E 41st, Los Angeles, CA 90011 - MLS#SR26010787

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Gloria Shepard

gloria@gshepardhomes.com +1(619) 889-8498

$ 1,099,000

Est. payment | -/mo

6 Beds

3 Baths

7,553 Sqft Lot

Save

$ 1,099,000

Est. payment | -/mo

Save

6 Beds

3 Baths

7,553 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26010787

Bedrooms 6

Lot Size 7,553 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent value-add 3-unit multifamily investment in Los Angeles with strong in-place income and upside potential. The property features three (3) spacious 2-bedroom / 1-bath units with approximately 4,626 square feet of building area on an approximately 7,551 square foot lot. Current rents are below market, with estimated market and voucher rents of approximately $2,887 per unit. One unit is anticipated to be delivered vacant at close, providing flexibility for a new owner to establish market rent or pursue an owner-user strategy. Recent capital improvements include a newer roof and newer windows, which may reduce near-term maintenance. All utilities are separately metered, contributing to efficient operations. On-site parking enhances tenant appeal. Additional value-add opportunity: An approximately 800 square foot garage, anticipated to be delivered vacant, may offer potential for conversion to an accessory dwelling unit (ADU), subject to buyer verification and approval by the City of Los Angeles / LADBS. Buyer to conduct their own investigations regarding zoning, permits, feasibility, and allowable uses. Well suited for investors, 1031 exchange buyers, and value-add operators seeking current income with future upside in a high-demand rental market.

Location

State CA

County Los Angeles

Zoning Assessor

Direction AVALON & MARTIN LUTHER KING

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5115002020

Acceptable Financing Cash, Conventional, Exchange, FHA, VA

Listing Terms Cash, Conventional, Exchange, FHA, VA

Listed by Brent Gong Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

8

Global Education Academy

Public | KG - 5
8

Synergy Charter Academy

Public | KG - 5
8

Celerity Dyad Charter

Public | KG - 8
7

Aspire Juanita Tate Academy

Public | KG - 6
6

Menlo Avenue Elementary

Public | KG - 5
6

Thirty-Second Street Usc Performing Arts

Public | KG - 12
6

Center for Advanced Learning

Public | KG - 5
6

20th Street Elementary School

Public | KG - 5
5

Dr. Theo. T. Alexander Jr., Science Center

Public | KG - 5
5

Accelerated

Public | KG - 8
5

Accelerated Elementary Charter

Public | KG - 6
5

Dolores Huerta Elementary School

Public | KG - 5
5

Quincy Jones Elementary

Public | KG - 5
5

Lillian Street Elementary School

Public | KG - 6
4

West Vernon Avenue Elementary

Public | KG - 5
4

Aspire Slauson Academy

Public | KG - 6
4

San Pedro Street Elementary

Public | PK - 5
4

Ascot Avenue Elementary School

Public | KG - 5
4

Nevin Avenue Elementary School

Public | KG - 5
3

Estrella Elementary School

Public | KG - 5

Middle Schools 14

7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

New Designs Charter

Public | 6 - 12
5

Synergy Kinetic Academy

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
4

John Adams Middle School

Public | 6 - 8
4

Dr. Julian Nava Learning Academy - School of Business & Tech

Public | 6 - 8
3

Animo Jefferson Charter Middle School

Public | 6 - 8
1

William Jefferson Clinton Middle School

Public | 6 - 8
1

Los Angeles Academy Middle School

Public | 6 - 8
1

George Washington Carver Middle School

Public | 6 - 8
1

Dr. Julian Nava Learning Acads-School of Arts and Culture

Public | 6 - 8
1

Para los Ninos Middle School

Public | 6 - 8
0

Frank Lanterman

Public | 6 - 12
0

Tri-C Community Day

Public | 7 - 12

High Schools 20

8

Wallis Annenberg High School

Public | 9 - 12
8

Alliance College-Ready Academy High No. 5

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
7

Animo Jackie Robinson High School

Public | 9 - 12
7

Student Empowerment Academy

Public | 9 - 12
6

Animo Ralph Bunche High School

Public | 9 - 12
5

Public Service Community High School - Diego Rivera Learning Complex

Public | 9 - 12
4

Synergy Quantum Academy

Public | 9 - 12
4

Santee Education Complex

Public | 9 - 12
4

Green Design STEAM Academy - Diego Rivera Learning Complex

Public | 9 - 12
4

Nava College Preparatory Academy

Public | 9 - 12
3

Communication & Technology School - Diego Rivera Learning Complex

Public | 9 - 12
2

Augustus F. Hawkins High School - Critical Design and Gaming

Public | 9 - 12
2

Performing Arts Community School - Diego Rivera Learning Complex

Public | 9 - 12
1

Augustus F. Hawkins High School - Community Health Advocates

Public | 9 - 12
1

Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

Public | 9 - 12
1

Early College Academy-la Trade Tech College

Public | 9 - 12
1

The Education Corps

Public | 9 - 12
1

College Bridge Academy

Public | 9 - 12
1

Maya Angelou Community High School

Public | 9 - 12

School and business data provided by Attom Data.

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Gloria Shepard

CA DRE #01040966

+1(619) 889-8498

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651 E 41st Los Angeles, CA 90011

Gloria Shepard

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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651 E 41st