NOT LISTED FOR SALE

601 W 41st St Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $938,000 - $1,254,000

8 Beds
4 Baths
4,548 Sq Ft
$242/Sq Ft Est. Value

Last Sold August 09, 2022

Last sale price $1,075,000 $236 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,091/month

61 Days on Market

Highlights

  • Craftsman Architecture
  • Sun or Florida Room
  • South Facing Home

About This Home

As of August 2022

Now 50% Vacant! 4 expansive 2 bed 1 bath units located 2 blocks south of Exposition Park and just a few blocks from the USC Campus. Two of the units are now vacant and two units have additional sun rooms. With its strong USC adjacent location and spacious units, 601 W. 41st St. offers tremendous value added opportunity to convert to student housing. The property has been under family ownership for over 25 years and is very well maintained. There is also potential to build an additional dwelling unit (ADU) in the rear of the property.

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 05/12/2022

Last Buyer's Agent

Joy Chiou

Capital Investments Real Estat License #01878589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,826

Year Built

  • Built in 1921

Lot Details

  • 6,750 Sq Ft Lot
  • Lot Dimensions are 50 x 135
  • South Facing Home

Home Design

  • Craftsman Architecture

Interior Spaces

  • 4,548 Sq Ft Home
  • 2-Story Property
  • Sun or Florida Room
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5019-023-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,826

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 4548
  • Lot Acreage: 0.1550
  • Lot Dimensions: 50 x 135
  • Probate: No
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 252.86

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 49.27
  • Assessed Improvement Value: 21310
  • Assessed Land Percent: 50.73
  • Assessed Land Value: 21943
  • Total Assessed Value: 43253
  • Assessor Parcel Number: 5019-023-021
  • Lot Size Area: 6750

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.80
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 25052
  • Type Of Units: apartment
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Aug 23, 2022
Sold by
Tovar Richard S and Tovar Joy L
Bought by
601 W 41St St Llc
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
Joy Chiou
Capital Investments Real Estat
List Price
$1,150,000
Sold Price
$1,075,000
Premium/Discount to List
-$75,000
-6.52%
Current Estimated Value
$1,098,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,505
Avg. Annual Appreciation
0.59%
Original Mortgage
$860,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 29, 2022
Sold by
Maquan Llc
Bought by
Tovar Richard S and Chiou Joy L
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
Joy Chiou
Capital Investments Real Estat
List Price
$1,150,000
Sold Price
$1,075,000
Premium/Discount to List
-$75,000
-6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2001
Sold by
Quan Mack and Quan Michael
Bought by
Maquan Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
601 W 41St St Llc -- --
Tovar Richard S $1,075,000 Ticor Title
Maquan Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tovar Richard S $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2022 08/09/22 Sold $1,075,000 -6.5% $236 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $1,150,000 -- $253 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,826 $1,118,430 $624,240 $494,190
2024 $13,826 $1,096,500 $612,000 $484,500
2023 $13,485 $1,075,000 $600,000 $475,000
2022 $1,222 $47,298 $23,995 $23,303
2021 $1,179 $46,372 $23,525 $22,847
2019 $1,157 $44,998 $22,828 $22,170
2018 $1,018 $44,117 $22,381 $21,736
2016 $928 $42,406 $21,513 $20,893
2015 $920 $41,770 $21,190 $20,580
2014 $954 $40,952 $20,775 $20,177
Source: Public Records

Agents Affiliated with this Home

  • Darin Spillman

    Seller's Agent in 2022

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    2 in this area

    15 Total Sales

    Darin Spillman
    Section Image
  • Joy Chiou

    Buyer's Agent in 2022

    Joy Chiou

    Capital Investments Real Estat

    (626) 872-6039

    1 in this area

    4 Total Sales

    Joy Chiou
    Section Image
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Map

Source: The MLS

MLS Number: 22-156803

The MLS

APN: 5019-023-021

California Los Angeles County Los Angeles 90037 Vermont Square

601 W 41st St, Los Angeles, CA

This home is located at 601 W 41st St, Los Angeles, CA 90037 since 12 May 2022 and is currently estimated at $1,098,505, approximately $241 per square foot. This property was built in 1921. 601 W 41st St is a home located in Los Angeles County with nearby schools including Menlo Avenue Elementary School, Barack Obama Global Preparation Academy, and Manual Arts Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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