187 W 41st Pl, Los Angeles, CA 90037

187 W 41st Pl, Los Angeles, CA 90037

Los Angeles, CA

Property Description


  • Massive 7 Unit Apartment in the quickly growing submarket of South Los Angeles
  • The subject currently operates at a 6.51% CAP and 10.78 GRM
  • Newly constructed 2-Bed/2-Bath unit highlights an excellent unit mix of (2) 1-Bed/1-Bath, (1) 2-Bed/2-Bath, and (4) 3-Bed/1-Bath units
  • 3 Units being delivered vacant, the buyer can choose their own tenants
  • Most units have been remodeled and tenant ready
  • Minutes from USC, Downtown LA, and new nearby developments


Great Cash Flow! 6.51% Cap Rate and 10.78 GRM! 187 W 41st Pl is a massive 7-unit Multifamily property located just steps from USC. This fully renovated asset operates at a 6.51% Cap Rate and 10.78 GRM offering any investor with strong cash flow, and close to 12% in additional 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 a washer/dryer in the 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.

Property Features

  • Sale Price: $2,100,000
  • Area Size: 6,558 Sq. Ft.
  • Land Area: 6,760 Sq. Ft.
  • Year Built: 1924
  • Listing Date: 5/25/2023
  • Units: 7
  • Current GRM: 10.78
  • Current Cap Rate: 6.51%
  • Price Per Unit: $300,000
  • Market GRM: 9.59
  • Market Cap Rate: 7.61%
  • Current NOI: $136,627

Lyon Stahl Investment Real Estate

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