21 days on rocket

263 W 41st Pl, Los Angeles, CA, 90037

$1,649,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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263 W 41st Pl, Los Angeles$1,649,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
ParkingConcrete, Driveway Level, Door-Single, Driveway, Garage, Off Street, Uncovered
Garage4 spaces
Year Built1927
HeatingNatural Gas, Wall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #P1-17217
Lot Size0.15 Acres
StatusActive

About 263 W 41st Pl

263 W. 41st Place provides a great opportunity to own a good cash flow 4 unit, 2 story property in South Los Angeles with additional upside on rents and supplemental income (parking/storage). One unit is currently vacant, and one additional unit will be vacant shortly. This two-story, 4- unit investment is comprised of 2 three-bedroom / 1-bathroom units and 2 four-bedroom / 1-bathroom units. Plenty of room for upside rents. The seller will deliver two units vacant. The buyer is purchasing the property with only two units tenant occupied. The actual cap is currently above 7.0% !. The owners have recently renovated one upstairs unit and painted the exterior and made some additional repairs. The property needs some TLC, but the right investor can make this a great cash-flowing asset.

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Stories: 2

Listing Office:

  • Office Name: The Jireh Group
  • Office Phone: (626) 324-9448
  • Listing Agent: David Tramontano

Interior Features

Interior Information:

  • Flooring Type: Laminate
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Concrete, Driveway Level, Door-Single, Driveway, Garage, Off Street, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Santee Education Complex, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • William Jefferson Clinton Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Ricardo Lizarraga Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: South of MLK Blvd. / West of S. Broadway

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,649,000

Tax Information:

  • Annual Amount: $9,955
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

263 W 41st Pl vs Los Angeles

21 DAYS ON ROCKET

-13 Days

$1,649,000

+$662.5K More

KEY TAKEAWAY

This property is $662.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #P1-17217

Listing Office:

  • Office Name: The Jireh Group
  • Office Phone: (626) 324-9448
  • Listing Agent: David Tramontano

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 08, 2015Home Sold
$715,000
Sep 18, 2001Home Sold
$103,000
Aug 10, 2000Home Sold
$289,592
Sep 15, 1999Home Sold
$165,000
Sep 15, 1999Home Sold
$165,000
Jul 22, 1998Home Sold
$330,000
Apr 07, 1998Home Sold
$179,000
May 25, 1989Home Sold
$212,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,955$793,874
2020$9,665$785,735
2019$9,514$770,330
2018$9,312$755,227
2017$9,312$740,420

History based on county public records data.

Payment Calculator

$8,298

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,010

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6810102
3
/10

  • Ricardo Lizarraga Elementary School

  • 401 E 40th Pl

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-6810103
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 6.52 miles

  • Public Magnet Grades KG-6

school-card-donut-6810104
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 20.35 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-6810105
4
/10

  • William Jefferson Clinton Middle School

  • 3500 S Hill St

  • 0.63 miles

  • Public District Grades 6-8

school-card-donut-6810106
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.04 miles

  • Public District Grades 6-8

High School

school-card-donut-6810107
3
/10

  • Santee Education Complex

  • 1921 Maple Ave

  • 1.64 miles

  • Public District Grades 9-12

school-card-donut-6810108
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 4.26 miles

  • Public Magnet Grades 9-12

school-card-donut-6810109
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 18.01 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,540. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90037›263 W 41st Pl

This home is located at 263 W 41st Pl in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This home, which was built in 1927, sits on a 0.15 acre lot. It has been listed on Rocket Homes since April 14, 2024 and is currently priced at $1,649,000.

While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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