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251 W 41st Pl 6 Unit Apartment Building $2,058,728 CAD ($343,121 CAD/Unit) 8.50% Cap Rate Los Angeles, CA 90037

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INVESTMENT HIGHLIGHTS

  • • 8.5% CAP rate - high return on investment
  • • Extensive exterior Upgrade New Electrical, Pluming, Stucco, Paint
  • • Occupied and located in high tenant demanded area
  • • Renovated units including : Kitchen, Bathrooms, Floor, Appliances Ext
  • • Low maintenance and easy to manage
  • • Close to schools, markets, transportations and Downtown LA

EXECUTIVE SUMMARY

Exceptional Income Property Prime Location Near Exposition Park & USC! This high-performing investment gem offers impressive income potential with a strong cap rate exceeding 8.5%. Fully upgraded from top to bottom, the property boasts a new electrical panel, upgraded plumbing, fresh exterior paint, and a fully inspected roof ensuring durability and minimal maintenance for years to come. Inside, every unit has been beautifully remodeled with modern finishes, updated electrical and plumbing systems, sleek kitchens, stylish bathrooms, and new flooring throughout, making this a true turnkey opportunity. With units occupied, investors can enjoy immediate, steady cash flow and strong long-term returns. Featuring a desirable unit mix of six, one 3-bedroom unit, four 2-bedroom units, and one single unit(ADU), this property appeals to a wide range of tenants and offers excellent rent diversification. Its prime location near major employers, schools, shopping, and transportation hubs drives consistent demand and high occupancy. Whether you're a seasoned investor or expanding your portfolio, this is a rare opportunity to own a low-maintenance, high-yield asset in one of LA's most desirable growth areas. Don't miss out on properties like this, they move fast! Please see attached OM.

PROPERTY FACTS

Price $2,058,728 CAD
Price Per Unit $343,121 CAD
Sale Type Investment
Cap Rate 8.50%
Sale Condition Build to Suit
Gross Rent Multiplier 9.15
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.15 AC
Building Size 3,609 SF
No. Stories 2
Year Built 1955
Parking Ratio 1.66/1,000 SF
Opportunity Zone Yes
Zoning LARD1.5

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Public Transportation
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 1 - -
2+1 4 - -
Studios 1 - -
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5111-021-017
Land Assessment
$317,409 CAD
Improvements Assessment
$476,116 CAD
Total Assessment
$793,525 CAD
  • Listing ID: 38778184

  • Date on Market: 2025-12-15

  • Last Updated:

  • Address: 251 W 41st Pl, Los Angeles, CA 90037

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