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About This Home
This 6-bedroom, 3-bathroom multi-family at 651 E 41st in Los Angeles, CA is listed for $1,029,000 ($222 per sqft). Built in 1940, the home offers 4,626 sqft of living space on a 0.17 acres lot.
Excellent value-add 3-unit multifamily investment in Los Angeles with strong in-place income and significant upside. The property features three (3) large 2-bedroom / 1-bath units totaling 4,626 SF on a 7,551 SF lot.
Current rents are below market, with market/voucher rents estimated at $2,887 per unit, offering immediate income growth potential. One unit will be delivered vacant at close, allowing a new owner to capture market rent or pursue an owner-user strategy.
Recent capital improvements include a new roof and new windows, minimizing near-term maintenance. All utilities are separately metered, keeping operating expenses low and enhancing long-term returns. On-site parking further supports tenant demand.
Major upside opportunity: A ±800 SF garage, delivered vacant, presents an excellent opportunity for ADU conversion (buyer to verify with LADBS). This additional unit has the potential to significantly increase rental income and overall property value.
Well-suited for investors, 1031 exchange buyers, or value-add operators seeking cash flow today with future development upside in a high-demand rental market.
Key Features
- Built in 1940
- 0.17 acre lot
- 2 stories
- 11 parking spaces
Property Details
Monthly Cost Estimate
$5,503/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
651 E 41st
Los Angeles, CA 90011
Features & Amenities
Exterior Features
Questions & Answers
This 6-bedroom, 3-bathroom multi-family at 651 E 41st is listed at $1,029,000 ($222/sqft). The estimated monthly payment is $4,459 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.17 acre lot, 2 stories, 11 parking spaces. Exterior Features: Community Features Included: Urban, Lot 6500-9999.
This property is listed by Brent Gong and can be reached at 8005004053 or cbmarketing@camoves.com.
