251 W 41st Pl - Apartments FOR SALE


Los Angeles, CA 90037- Vernon-Main
$1,349,000 USD
310-432-6400
251 W 41st Pl, Los Angeles, CA for Sale
$1,349,000 USD
Apartments - FOR SALE
1/13
null | 9.41% Cap Rate

251 W 41st Pl
Los Angeles, CA 90037
Vernon-Main


HIGHLIGHTS

  • • 9.41 % CAP rate - high return on investment
  • • Renovated units including : Kitchen, Bathrooms, Floor, Appliances Ext
  • • Extensive exterior Upgrade New Electrical, Pluming, Stucco, Paint
  • • Low maintenance and easy to manage
  • • Occupied and located in high tenant demanded area
  • • Close to schools, markets, transportations and Downtown LA

OVERVIEW

Exceptional Income Property Prime Location Near Exposition Park & USC! This high-performing investment gem offers impressive income potential with a strong cap rate exceeding 9.4%. Fully upgraded from top to bottom, the property boasts a new electrical panel, upgraded plumbing, fresh exterior paint, and a fully inspected roof ensuring durability and minimal maintenance for years to come. Inside, every unit has been beautifully remodeled with modern finishes, updated electrical and plumbing systems, sleek kitchens, stylish bathrooms, and new flooring throughout, making this a true turnkey opportunity. With units occupied, investors can enjoy immediate, steady cash flow and strong long-term returns. Featuring a desirable unit mix of six, one 3-bedroom unit, four 2-bedroom units, and one single unit(ADU), this property appeals to a wide range of tenants and offers excellent rent diversification. Its prime location near major employers, schools, shopping, and transportation hubs drives consistent demand and high occupancy. Whether you're a seasoned investor or expanding your portfolio, this is a rare opportunity to own a low-maintenance, high-yield asset in one of LA's most desirable growth areas. Don't miss out on properties like this, they move fast! Please see attached OM.

FOR SALE DETAILS

PRICE

$1,349,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

6

PRICE/UNIT

$224,833

CAP RATE

9.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

5111-021-017

ASK ABOUT THIS PROPERTY

Fred BasKW Commercial Beverly HillsMore Info
310-432-6400

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Fred BasKW Commercial Beverly HillsMore Info
310-432-6400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.