651 E 41st St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $5,660/month
About This Home
Excellent value-add 3-unit multifamily investment in Los Angeles with strong in-place income and upside potential. The property features three (3) spacious 2-bedroom / 1-bath units with approximately 4,626 square feet of building area on an approximately 7,551 square foot lot. Current rents are below market, with estimated market and voucher rents of approximately $2,887 per unit. One unit is anticipated to be delivered vacant at close, providing flexibility for a new owner to establish market rent or pursue an owner-user strategy. Recent capital improvements include a newer roof and newer windows, which may reduce near-term maintenance. All utilities are separately metered, contributing to efficient operations. On-site parking enhances tenant appeal. Additional value-add opportunity: An approximately 800 square foot garage, anticipated to be delivered vacant, may offer potential for conversion to an accessory dwelling unit (ADU), subject to buyer verification and approval by the City of Los Angeles / LADBS. Buyer to conduct their own investigations regarding zoning, permits, feasibility, and allowable uses. Well suited for investors, 1031 exchange buyers, and value-add operators seeking current income with future upside in a high-demand rental market.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 818-585-7442 License #01329530 Listed on: 01/20/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 7,553 Sq Ft Lot
- 1 Common Wall
Parking
- 8 Open Parking Spaces
- 3 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 4,626 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Tax Lot 64
- Tax Tract Number 228320
- Assessor Parcel Number 5115002020
- $644 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Insurance Expense $1,800
- Water Sewer Expense $6,000
- Operating Expense $7,800
- Net Operating Income $69,480
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,904 | $211,862 | $120,831 | $91,031 |
| 2024 | $2,904 | $207,709 | $118,462 | $89,247 |
| 2023 | $2,854 | $203,638 | $116,140 | $87,498 |
| 2022 | $2,732 | $199,646 | $113,863 | $85,783 |
| 2021 | $2,697 | $195,732 | $111,631 | $84,101 |
| 2019 | $2,610 | $189,928 | $108,321 | $81,607 |
| 2018 | $2,497 | $186,205 | $106,198 | $80,007 |
| 2016 | $2,368 | $178,976 | $102,075 | $76,901 |
| 2015 | $2,337 | $176,288 | $100,542 | $75,746 |
| 2014 | $2,354 | $172,836 | $98,573 | $74,263 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2026 02/04/26 | Price Changed | $1,029,000 | -6.4% | $222 / Sq Ft |
| 01/26/2026 01/26/26 | Price Changed | $1,099,000 | -4.4% | $238 / Sq Ft |
| 01/20/2026 01/20/26 | For Sale | $1,150,000 | -- | $249 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | Orange Coast Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $96,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26010787
APN: 5114-007-026
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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. 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
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