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Sold Date12/18/2020
Closed

155 W 41st PlaceLos Angeles, California CA90037-2226

Listing IDIN20191198

4,935 SqFt 0.155 Acres

$1,125,000$100K

Price reduced! Don't miss out on a great cash flow opportunity near the new Exposition Park development projects! Let the location get to work while this property lets you sit on a 5.5% current cap rate and great in-place stabilized cash flow! 4 of 5 units have been beautifully fully rehabbed and are getting market rents. With 4 of 5 units recently rehabbed, the maintenance & repairs will be very low for the new owner! The below market rent unit will provide additional upside for the new owner! On-site tenant parking for each unit in the back with a great unit mix of (2) 2 Bed/1 ¾ Townhomes, (2) 2 Bed/1 Bath & (1) 1 Bed/1 Bath units. The building is professionally managed and 100% occupied. Tenants are centrally located with quick access to Downtown LA, LA Live & Staples Center, USC, the new $1B George Lucas Museum, Vermont Metro Station, Banc of California Stadium, 110 & 10 Freeway Entrances/Exits, newly upgraded LA Coliseum, Natural History Museum & Science Center and the “Exposition Point” high end mixed use development project that is set to break ground and begin construction. Exposition Point will be approximately 3 blocks from 155 W 41st Place and featuring 80+ luxury apartment units, USC student housing, a 4-5 star hotel and ground floor retail and restaurants. Bring all offers!
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