705 W 41st Drive, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$999,999
705 W 41st Drive, Los Angeles, California 90037
0Bed
0Bath
3,046Sqft
5,402Lot
Year Built
1905
Close
-
List price
$1,000K
Original List price
$1.03M
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
DW24230145
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1000.0K(57th), sqft - 3046(65th), beds - undefined(50th), baths - undefined(50th).
Very nice well maintained triplex property, near Downtown LA. One unit is a 4-bedroom 2 bath, the other 2 units are 2 bedroom 1 bath. Units have newer kitchens and bathrooms. Close to freeways, shopping, restaurants and USC. All units are currently occupied with long term tenants.
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.2mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.5mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.7mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.8mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
3/10
Trinity Street Elementary School
Public,•K-5•1.0mi
/10
Maple Primary Center
Public,•K-1•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.6mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.1mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.5mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•2.5mi
1/10
Horace Mann Junior High School
Public,•6-8•2.7mi
3/10
Manual Arts Senior High School
Public,•9-12•0.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
5/10
Santee Education Complex
Public,•9-12•1.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.6mi
Price History
Date
Event
Price
01/17/02
Sold
$280,000
11/02/01
Sold
$175,000
11/23/98
Sold
$265,000
Condition Rating
Good
The property, built in 1905, features recently updated kitchens and bathrooms with modern finishes, including white shaker cabinets, stainless steel appliances, subway tile backsplashes, and contemporary vanities. The visible areas are in excellent, move-in ready condition, suggesting extensive renovations within the last 5-15 years. However, given the property's age and without explicit confirmation of a full renovation of all major systems (plumbing, electrical, HVAC, foundation), it's likely that some underlying components may not be new or within their expected lifespan, as also suggested by the property analysis. Therefore, while the aesthetic updates are significant, the overall condition is best described as Good.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with all units currently occupied by long-term tenants, providing immediate and stable rental income for an investor.
Prime Urban Location: Strategically located near Downtown LA, USC, freeways, shopping, and restaurants, enhancing its desirability and rental demand.
Updated Unit Interiors: All units feature newer kitchens and bathrooms, reducing immediate capital expenditure for a new owner and increasing tenant appeal.
Well-Maintained Condition: Described as a 'very nice well maintained' property, suggesting good upkeep and potentially fewer immediate repair needs.
Strong Rental Market Drivers: Proximity to the University of Southern California (USC) ensures a consistent pool of potential tenants, including students, faculty, and staff.
Cons
Historic Property Age: Built in 1905, the property's age may imply potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) that could require significant future investment, despite recent interior updates.
Potential Below-Market Rents: While long-term tenants offer stability, they may be paying below current market rates, potentially limiting immediate income upside without tenant turnover or navigating rent control regulations.
Unspecified Amenities: The description does not specify key amenities such as dedicated parking, private outdoor space, or cooling systems, which can be significant factors for tenant satisfaction and property value in Los Angeles.