Los Angeles, CA 90037 194 W 41st Place

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Presented By: Pila Jessie with KHORR Realty;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25549987
  • 06/13/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 12
  • SQFT • 6,240

Home Details

+OFFER DEADLINE THURSDAY 6/19 12 noon+ This 12-unit multifamily property offers a strong cash return with significant upside potential for the savvy investor. Cap rate 9%. Located just over 1 mile from USC and 1 mile from BMO Stadium, the building sits in a prime rental corridor with steady demand. The unit mix consists of studio and 1-bedroom units, currently occupied by long-term, stable tenants, providing reliable income. While the property does have deferred maintenance, it presents an ideal opportunity for a cash investor with vision to reposition and maximize returns. Zoned RD1.5-1, located in TOC Tier 3 and TOIA Tier 2, the site offers potential for future development or redevelopment in a rapidly evolving neighborhood. Interior electrical panels indicate Siemen brand. ***Drive by Only, do not disturb tenants, please write an offer subject to interior inspection. ***Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings. Trust sale.
Presented By: Pila Jessie with KHORR Realty;

Interior Features for 194 W 41st Place

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 194 W 41st Place

Additional Parcels Y/NNo
AppliancesRefrigerator, Washer
Attached Garage No
Cap Rate9.1
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsBroadway/MLK
DisclosuresRentControl, TrustConservatorship
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income137664.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense20000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6744.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income91964.0
New ConstructionNo
Number Of Units Total12
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Taxes$12,500
Water Sewer Expense13200.0
Year Built1924
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 194 W 41st Place

Building Area Total6240.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1548
Lot Size Area6744.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesPrivate
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $999,999
MLS#25549987
List Date 06/13/2025
Property Type Multi-Family
Phone 714.742.6515
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