Excellent five-unit residential income property situated on one parcel, consisting of a four-unit apartment building addressed as 550 W 41st Dr and a separate single-family residence addressed as 552 W 41st Dr. Both addresses are associated with APN 5019-019-022. Fully occupied and generating established rental income in a high-demand rental… Read More area, the property presents an appealing opportunity for investors, portfolio buyers, 1031 exchange buyers, and others seeking a well-located income-producing asset in Los Angeles. The property offers approximately 3,120 rentable square feet on an approximately 6,763-square-foot lot, with low-maintenance landscaping and no on-site laundry helping simplify ongoing upkeep. Centrally located near USC, Exposition Park, BMO Stadium, the Los Angeles Memorial Coliseum, the Natural History Museum, the California Science Center, and the new Lucas Museum of Narrative Art, with convenient access to Metro transit, Downtown Los Angeles, major freeways, shopping, dining, and entertainment. Ideally positioned near major venues associated with the upcoming Los Angeles 2028 Olympic Games. Property to be delivered fully occupied. Read Less
Property listed by Rodeo Realty- Brentwood, Amber Martinez 310-259-7556
Listing Snapshot
Days Online
3
Last Updated
Beds
6
3/4 Baths
5
Square Ft.
3,120
Lot Size
0.16 Acres
Year Built
1921
MLS Number
26989463
Additional Details
Building
Built in 1921, Living area: 3120.0, 1 building, 2 stories, Levels: Two
Community
Gated
Cooling
WallWindowUnits
Income
Gross Income: $86,923, Net Operating Income: $65,726
Laundry
None
Lot
0.1553 acres
Parking
5 total parking spaces, Assigned
Security Features
GatedCommunity
Taxes
Parcel Number: 5019019022, Zoning: LARD1.5
Tenant Pays
Electricity, Gas, TrashCollection
Utilities
5 separate electric meters, 5 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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