Four-unit multi-family property at 431 East 41st Place in Los Angeles, CA 90011. The property currently consists of two structures totaling four units - a four bedroom, a three bedroom and two two bedroom units. The property has recently undergone a substantial renovation project. The four-bedroom and three-bedroom units are occupied at $2,800 and $2,500 monthly rent respectively. Both of the two-bedroom units (previously rented for $1,800 monthly) are delivered vacant, allowing a new owner to maximize the rents to market rates, projected at $1,995. The property is gated for the security of tenants and is rear alley accessible - there is also ample onsite parking for the tenants. The property is in a desirable location directly across the street from Gilbert Lindsay Park - recently renovated with brand new state-of-the-art turf fields, the park boasts an indoor gym, a preschool, and a community center in addition to fields/courts for soccer, baseball, and basketball. Well-located for commuters, less than one mile from the 110 Freeway and less than two miles from Downtown Los Angeles. Also located exactly one mile from USC and Exposition Park, home to the Los Angeles Memorial Coliseum (site of the Los Angeles 2028 Olympic Games), the brand-new LAFC Banc of California Stadium, and the future home of the under-construction $1 Billion George Lucas Museum of Narrative Art. Qualifies for residential financing because it is 4 units.
|Last Updated||6/15/2019||Year Built||1922|
|Community||C37 - Metropolitan South||County||Los Angeles|
|AREA||C37 - Metropolitan South|
|LOT||6486 sq ft|
|LOT DESCRIPTION||16-20 Units/Acre, Level with Street, Lot 6500-9999, Park Nearby, Rectangular Lot|
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