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700 41st Street
Los Angeles, CA 90037
Sold
700 W 41st Street is walking distance to USC and exposition park, situated less than 1 mile from USC, minutes away from Downtown L.A., Banc of California Stadium, stores, restaurants, attractions, and much more. This is a great opportunity for investors and developers as the ZONING is LARD1.5(Per title), MULTI LEVEL UNITS HAVE BEEN BUILT ACROSS THE STREET AND AROUND THE AREA. Conveniently located near the 110 Freeway and walking distance to Exposition Park / USC Metro Station offering tenants a public transportation option. This neighborhood is currently undergoing gentrification and this opportunity offers an investor the possibility to capitalize on significant potential upside. This well maintained building is currently a two story duplex which can be turned into an apartment building and has the space to Build an ADU. This property offers an investor or developer, a great opportunity for massive and sustainable rental income or to simply renovate, build, and then sell for 7 figures, yielding a 6-figure and potentially a multi 6-figure profit. This property is also a great opportunity for a first time buyer/investor to live in one of the units and rent out the others while building on the property to further increase the rental income, allowing you to build that generational wealth and passive income that you've always wanted. If you're looking for a great financial investment then you will want to seriously consider this amazing real estate investment opportunity. This property appraised for 895k in June, this property is well priced, appraisal report can be provided upon request.
PROPERTY INFORMATION
| MLS # | 23231805 | Lot Size | 5,401 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 875,000
Price Per SqFt: $ 332 |
DOM | 843 Days |
| Address | 700 41st Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,632 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1927 |
| Bed / Bath | 7 / 0 | Parking | 6 |
| Built In | 1927 | Status | Closed |
| Sold Date | 2023-06-09 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Carpet |
| InteriorFeatures Information | Ceiling Fan(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $933
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/21/2023 | Pending | $875,000 |
| 04/27/2023 | Active Under Contract | $875,000 |
| 03/01/2023 | Pending | $875,000 |
| 01/31/2023 | Active Under Contract | $875,000 |
| 01/12/2023 | Listed | $875,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Mark King, KW Advisors. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
