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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 2,100,000
Est. payment /mo
Active
187 West 41st Place Los Angeles, CA 90037
6,558 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,558 sqft
Price per Sqft $320
MLS Listing ID SB-23089823
Year Built 1924
Lot Size 6,760 Sqft
Property Sub-Type Apartment
Property Description
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 washer/dryer in 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Inside
Exterior
Parking Features Gated
Pool None
Community Features Dog Park, Park, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer