700 W 41st Street, Los Angeles, CA 90037

About this property

700 W 41st Street is walking distance to USC and exposition park, situated less than 1 mile from USC, minutes away from Downtown L.A., Banc of California Stadium, stores, restaurants, attractions, and much more. This is a great opportunity for investors and developers as the ZONING is LARD1.5(Per title), MULTI LEVEL UNITS HAVE BEEN BUILT ACROSS THE STREET AND AROUND THE AREA. Conveniently located near the 110 Freeway and walking distance to Exposition Park / USC Metro Station offering tenants a public transportation option. This neighborhood is currently undergoing gentrification and this opportunity offers an investor the possibility to capitalize on significant potential upside. This well maintained building is currently a two story duplex which can be turned into an apartment building and has the space to Build an ADU. This property offers an investor or developer, a great opportunity for massive and sustainable rental income or to simply renovate, build, and then sell for 7 figures, yielding a 6-figure and potentially a multi 6-figure profit. This property is also a great opportunity for a first time buyer/investor to live in one of the units and rent out the others while building on the property to further increase the rental income, allowing you to build that generational wealth and passive income that you've always wanted. If you're looking for a great financial investment then you will want to seriously consider this amazing real estate investment opportunity. This property appraised for 895k in June, this property is well priced, appraisal report can be provided upon request.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$825,000

Sold June 2023 · listed $875,000, on market January 2023 · MLS #23231805 · Source: CRMLS

Listing Agent: Mark King · Listing Office: KW Advisors · Contact: 310-482-2200 · Bought with: Samuel Woldeyesus · Compass

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