Property Detail

Description

An appealing investment in the heart of Los Angeles, this five-unit income property pairs established rental income with a central location near USC and the growing cultural attractions of Exposition Park. A four-unit apartment building at 550 W 41st Dr and a separate single-family residence at 552 W 41st Dr occupy one parcel, offering approximately 3,120 rentable square feet on a 6,763-square-foot lot with reported LARD1.5 zoning (APN 5019-019-022).Offered at $950,000, the property generates reported annual rental income of $86,923, reflecting a 10.93 gross rent multiplier and $190,000 per residence. Low-maintenance landscaping helps simplify ongoing upkeep.The surrounding neighborhood brings together education, art, and entertainment, with nearby destinations including the new Lucas Museum of Narrative Art, the Coliseum, and BMO Stadium, as well as venues associated with the Los Angeles 2028 Olympic Games. Convenient access to Metro, Downtown Los Angeles, and major freeways further strengthens the location's appeal.An attractive addition to an investment portfolio or consideration for buyers pursuing a 1031 exchange. Property to be delivered fully occupied with tenants in place.