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$1,100,000
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Property Description
+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.
Full Property Details
Full Property Details for 194 W 41st Pl
General
- Sold For: $1,100,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25549987
- Added to Site: 221 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 12
Additional Information
- Other Features: None
Parking
- Garage Description: Private
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: Broadway/MLK
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 6,240
- Sq. Ft. Source: Assessor
- Year Built: 1924
- Year Built Source: Assessor
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 21
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
Unit 4
- Total Bathrooms: 1
Unit 5
- Total Bathrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Total Bathrooms: 1
Unit 10
- Total Bathrooms: 1
Unit 11
- Total Bathrooms: 1
Unit 12
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1548
- Lot Size: 6744
- Lot Size Source: Assessor
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $160.26
- Insurance Fee: $20,000
- Assessment Year: 1924
Disclosures and Reports
- Disclosures/Reports: Rent Control, As Is, Trust/Conservatorship
- APN: 5111-018-012
Listed by KHORR Realty, Pila Jessie
Sold by Khorr Realty, Yvonne Regis
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Schools
Schools serving 194 W 41st Pl
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Ricardo Lizarraga Elementary School 401 East 40th Place, Los Angeles, CA 90011 | K-5 | 0.5 mi |
William Jefferson Clinton Middle School 3500 South Hill Street, Los Angeles, CA 90007 | 6-8 | 0.7 mi |
Nava College Preparatory Academy 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 194 W 41st Pl
Date
Details
Price
Change
Source
7/08/2025
Sold
$1,100,000
10%
MLS
6/13/2025
Listed
$999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
194 W 41st Pl, Los Angeles, CA 90037 (MLS# 25549987) is a Multi-Family property that was sold at $1,100,000 on July 08, 2025. Want to learn more about 194 W 41st Pl? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

