187 West 41st Place, Los Angeles, CA 90037
187 West 41st Place, Los Angeles, CA 90037
187 West 41st Place, Los Angeles, CA 90037
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$2,100,000
Est. payment /mo
6,558 SqFt
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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

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Nearby School & Business

Paul Ward
Paul Ward

Broker Associate License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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