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263 W 41st Pl, Los Angeles, CA 90037

$899,900 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
263 W 41st Pl, Los Angeles, CA 90037View this property at 263 W 41st Pl, Los Angeles, CA 90037
263 W 41st PlLos AngelesCA90037
Property Description
HIGHEST TRUE CAP RATE UNDER $1M in DTLA! This is an opportunity to own a high cash flow, low maintenance and upgraded quadruplex. With a current cap rate of over 7% and great upside potential, this is ideal for passive investors looking for Steady Rents and Long-Term tenants who always pay on-time and are easy to work with... Located only one mile from the USC campus, the building contains 2, large 4BR units and 2, large 3BR units. Low maintenance and repairs due to recent updates including new water heaters, new roof, new plumbing, electrical upgrades in all units, and many new fixtures. There are separate washer and dryer hookups for each unit & 4 garages in the rear of the property. All units and separately-rented storage garages are rented out and/or occupied. All four-units are Section 8, which means majority of rents are direct deposit into owner's bank account through the Los Angeles Housing Authority.

Full Property Details for 263 W 41st Pl

General

  • Price: $899,900
  • Status: Pending
  • Type: Multi-Family
  • MLS ID: 17-224348
  • Updated: 8/6/2017
  • Added: 538 day(s) ago

Interior

  • Appliances: Gas or Electric Dryer Hookup

Parking

  • Parking Type: Other

Location

  • Area: Downtown L.A. (C42)
  • County: Los Angeles
  • Development Name: Downtown L.A. (C42)
  • Driving Directions: On the North Side of West 41st Place, the First Building East of South Broadway.

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Square Feet: 4,368
  • Year Built: 1927

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Sq. Ft.): 6,750
  • Lot Size Source: Public Records
  • Zoning: LARD1.5

Financial Considerations

  • Price Per Sq. Ft.: $206.02

Disclosures and Reports

  • Legal Disclosures: No Property Assessments, Rent Control

Listed by Keller Williams Beverly Hills, Christopher Gray - CA DRE: 02012829 and Jeff Yarbrough - CA DRE: 01341959

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Schools

Schools serving 263 W 41st Pl

Score
Name
Grades
Distance
2
401 E 40th Pl, Los Angeles, CA 90011
K-5
0.6 mi
1
3500 S Hill St, Los Angeles, CA 90007
6-8
0.6 mi
3
1319 E 41st St, Los Angeles, CA 90011
9-12
1.5 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 263 W 41st Pl Get Price Alerts

Date
Details
Price
Change
Source
4/27/2017
Listed
$899,900
25.86%
MLS
12/19/2014
Sold
$715,000
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History

Tax History for 263 W 41st Pl

Year
Property Taxes
Change
Tax Assessment
Change
2017
$9,312
3%
$740,420
2%
2016
$9,064
86%
$725,903
94%
2015
$4,866
-1%
$373,568
2%
2013
$4,907
-1%
$366,251
2012
$4,972
$364,596
2%
2012
$4,972
3%
$357,448
2%
2011
$4,838
-1%
$350,440
1%
2009
$4,888
4%
$347,822
2008
$4,714
4%
$348,649
2%
2008
$4,527
$341,814
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 263 W 41st Pl

Listed by Keller Williams Beverly Hills, Christopher Gray - CA DRE: 02012829 and Jeff Yarbrough - CA DRE: 01341959

263 W 41st Pl, Los Angeles, CA 90037 (MLS# 17-224348) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 263 W 41st Pl is currently listed for $899,900 and was received on April 27, 2017. Want to learn more about 263 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.