910 W 41st St, Los Angeles, CA 90037

910 W 41st St, Los Angeles, CA 90037

Los Angeles, CA

Property Description

910 W 41st Street is a 20 Unit apartment building located in the neighborhood of Exposition Park / Voices of 90037. Great proximity to the LA Coliseum, Expo Park, Lucas Museum, The USC Campus, Bus Routes, and the 110 Freeway. The building is in great condition and has had the same ownership for 20 + years! Notable capital improvements include a newer roof, completion of LA City’s required seismic earthquake retrofitting, and most of the building has been repiped with copper or pex. Approx. 1/2 the units are updated with granite / quartz countertops in the kitchen, tile / vinyl flooring, new bathroom vanities, and plumbing fixtures.  The building also features a large laundry room in the basement with Bluetooth equipment that will transfer with the sale. For the astute investor this apartment building can almost immediately operate with a 5% return, plus there is nearly 30% upside in rental rates. This low maintenance building is a solid investment opportunity in a great rental market of LA!

Property Features

  • Sale Price: $2,600,000
  • Area Size: 6,371 Sq. Ft.
  • Land Area: 9,540 Sq. Ft.
  • Year Built: 1924
  • Listing Date: 10/13/2023
  • Units: 20
  • Current GRM: 12.04
  • Current Cap Rate: 4.76%
  • Price Per Unit: $140,000
  • Market GRM: 8.56
  • Market Cap Rate: 7.80%
  • Current NOI: $133,147

Lyon Stahl Investment Real Estate

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