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1348 W 41st Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

1348 W 41st Place, Los Angeles, California 90037 home-pic-0
ACTIVE$2,999,000
1348 W 41st Place, Los Angeles, California 90037
0Bed
0Bath
6,112Sqft
6,146Lot
Year Built
2020
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$491
HOA
-
Days on market
-
Sold On
-
MLS number
CV25105171
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.00M(50th), sqft - 6112(50th), beds - undefined(50th), baths - undefined(50th).

Welcome to this exceptional 4-plex investment property! This property consists of 4 units in two buildings. Each duplex boasts a 5 bedroom and 5 bathroom unit on the top level and a 5 bedroom and 3 bathroom unit on the bottom level. Each unit has separate gas and electrical meters, ensuring convenience and autonomy for residents. Each unit has 2 designated parking spots as well. The prime location adds to the property's allure, with close proximity to USC, LA Live, Staples Center, museums, and schools within walking distance. Noteworthy is the thriving coliving trend in the area, making it an ideal choice for those seeking a dynamic community. The property's appeal is further enhanced by its popularity among USC students. It's important to note that there is no rent control, offering flexibility and potential for investment growth. Seize this opportunity to be a part of a vibrant and sought-after community. Reach out to agent for the offering memorandum.

Price History

Date
Event
Price
05/22/25
Listing
$2,999,000
Condition Rating
Excellent
This property was built in 2020, making it only 4 years old. The images confirm a virtually new condition with modern finishes throughout, including grey shaker-style kitchen cabinets, white countertops, contemporary tile backsplashes, and new appliances (implied by the new construction). Bathrooms feature matching modern vanities, new fixtures, and clean tiled showers. The flooring is consistent LVP, and all elements appear to be in pristine, move-in ready condition with no visible wear or deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently built property.
Pros & Cons

Pros

Prime Location & Strong Rental Demand: Strategically located near USC, LA Live, Staples Center, museums, and schools, ensuring high demand, especially among USC students, and potential for low vacancy rates.
No Rent Control: A significant advantage in Los Angeles, offering investors maximum flexibility in setting rental rates and optimizing potential investment growth and returns.
New Construction (2020): Built in 2020, the property benefits from modern construction standards, reduced immediate maintenance needs, and compliance with current building codes, appealing to both tenants and investors.
High-Density Units & Co-Living Potential: The configuration of 5-bedroom/5-bathroom and 5-bedroom/3-bathroom units is perfectly suited for the thriving co-living trend and student housing market, maximizing rental income per unit.
Separate Utilities & Designated Parking: Each unit having separate gas and electrical meters simplifies tenant billing, and the provision of 2 designated parking spots per unit is a valuable asset in a dense urban environment.

Cons

High Initial Investment: The list price of nearly $3 million represents a substantial capital outlay, potentially limiting the pool of prospective buyers to well-capitalized investors.
Intensive Management Requirements: With 4 units, each featuring a high bedroom count, managing multiple tenants, leases, and co-living dynamics can be more complex and demanding, potentially necessitating professional property management.
Market Niche Dependency: While currently strong, the property's primary appeal is heavily reliant on the USC student housing and co-living market, which could be susceptible to shifts in university enrollment, housing policies, or evolving co-living trends.

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