NOT LISTED FOR SALE

259 E 41st Place Los Angeles, CA 90011

Historic South Central Neighborhood
-- Bed
-- Bath
4,428 Sq Ft
6,551 Sq Ft Lot

Last Sold May 04, 2016

Last sale price $1,345,000 $304 Per Sq Ft

61 Days on Market

About This Home

As of May 2016

10 Section 8 units with most of the rent direct deposited on the 1st of the month. Non-Section 8 tenants pay like clockwork and have been in the building for years. Easy building with great cashflow. Great upside in rents as well. The unit mix consists of thirteen Studio/one-bath units and one one-bedroom/one-bath units. Each Studio unit has a spacious living area with full size kitchens and the one-bedroom unit has a large bedroom and full sized living room. The property has a single car garages along San Pedro St and ample street parking along E. 41st Place and Trinity St. Current stable annual income is $143,220 Pro-forma is $171,504, under a 8.6 GRM! 71% of building is Section 8 subsidized which accounts for 60% of monthly rent income.

Last Agent to Sell the Property

Mark MacFarlane

Vimvi California License #01795440 Listed on: 03/04/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,551

Home Design

  • Property Attached

Additional Features

  • Carpet
  • 6,551 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 5113024019

Community Details

Overview

  • 14 Units

Building Details

  • 1 Separate Electric Meter
  • 14 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5113024019
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Levels: Two

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6551.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lot Size Area: 6551.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2016 05/04/16 Sold $1,345,000 0.0% $304 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $1,345,000 +97.8% $304 / Sq Ft
06/29/2012 06/29/12 Sold $680,000 -2.8% $154 / Sq Ft
06/18/2012 06/18/12 Pending -- -- --
05/28/2012 05/28/12 For Sale $699,500 -- $158 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark MacFarlane

    Seller's Agent in 2016

    Mark MacFarlane

    Vimvi California

    (626) 460-7300

    152 Total Sales

    Mark MacFarlane
    Section Image

  • S

    Seller's Agent in 2012

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    95 Total Sales

    Steve Bogoyevac
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316002002

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Los Angeles 90011 Historic South Central

259 E 41st Place, Los Angeles, CA

This home is located at 259 E 41st Place, Los Angeles, CA 90011 since 04 March 2016. This property was built in 1947. 259 E 41st Place is a home located in Los Angeles County with nearby schools including Ricardo Lizarraga Elementary School, William Jefferson Clinton Middle School, and Thomas Jefferson Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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