187 W 41st Place
Los Angeles, CA 90037
0.16 acres | #SB21132335
Description
187 W. 41st Pl is a highly desirable 6-Unit Multifamily Property located just
steps from USC. All tenants are Section 8, offering any investor guaranteed
monthly income!
Offered at only $251/Sq. Ft, this value-add opportunity has nearly 30% upside
in gross monthly income, once units are rented out for market rate. With a
going-in cap rate of 5.05%, 187 W. 41st Pl is the perfect opportunity for any
investor looking for immediate cash-flow, with strong upside!
The subject property boasts a high-yielding unit mix of (4) 3-Bedroom + 1-
Bath and (2) large 1-Bed + 1-Bath units. With 5,758 rentable Sq.Ft, these large
units feature washer/dryer in unit, in-wall A/C and central heating. There is
still plenty of room to grow the income, with a 8.26 Market CAP and 8.88
Market GRM.
187 W. 41 Pl is located just minutes from USC, Downtown LA, Gilbert Lindsay
Park, Exposition Park, Lucas Museum, Art's District, The Reef, Banc of
California Stadium, and LA LIVE, as well as billions of dollars worth of
development pouring into DTLA.
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Cameron Samimi (#SBSAMICAM)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#sb1310620)
Listing Courtesy (Buyer)
Buyer's Agent: Cameron Samimi (#SBSAMICAM)
