Properties

Los Angeles, CA 90011 651 E 41st

651 E 41st Los Angeles, CA - Image 1651 E 41st Los Angeles, CA - Image 2651 E 41st Los Angeles, CA - Image 3
1 more
651 E 41st Los Angeles, CA - Image 4651 E 41st Los Angeles, CA - Image 5
Presented By: Brent Gong with Coldwell Banker Realty; 818-585-7442
  • MLS# SR26010787
  • 12/31/2025
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  • Baths • 1
  • SQFT • 4,626
  • Garage • 3

Home Details

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.
Presented By: Brent Gong with Coldwell Banker Realty; 818-585-7442

Interior Features for 651 E 41st

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesWasher Hookup, Gas Dryer Hookup
Total Stories2

Other Rooms

Entry Level1

General for 651 E 41st

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
DirectionsAVALON & MARTIN LUTHER KING
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income
HOANo
HOA Fee$
Insurance Expense1800
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Lot Size Square Feet7553
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income69480
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces8
Operating Expense7800
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot64
Total Actual Rent6440
Trash Expense0
Water Sewer Expense6000
Year Built1940
Year Built SourceAssessor

Exterior for 651 E 41st

Building Area Total4626
Lot Size Acres0.1734
Lot Size Area7553
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters0
Private PoolNo
Total Parking11
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,029,000
MLS#SR26010787
List Date 12/31/2025
Property Type Multi-Family
Phone 888.795.6274
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