1224 W 41st Street, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 2 bath
ACTIVE$675,000
1224 W 41st Street, Los Angeles, California 90037
2Beds
2Baths
1,641Sqft
6,407Lot
Price Vs. Estimate
The estimated value ($416,054.635) is $258,945.365 (38%) lower than the list price ($675,000). This property may be overpriced.
Key pros and cons
Top Pros:
Duplex Investment Opportunity: The property is a duplex, offering two units ideal for generating immediate rental income or for an owner-occupant seeking income potential.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-08-07. The sold price is $550,000.00.
Compared to the nearby listings
Price:$675.0K vs avg $670.0K (+$5,000)50%
Size:1,641 sqft vs avg 1,495.5 sqft56%
Price/sqft:$411 vs avg $45235%
More Insights
Built in 1909 (116 years old).
Condition: Built in 1909, this property shows significant signs of age and deferred maintenance on the exterior, including cracked stucco, old windows, and exposed wiring. The listing description explicitly mentions the need for 'significant investment in updates, repairs, or replacement of aging systems (e.g., plumbing, electrical, HVAC).' The absence of interior photos, especially for key areas like the kitchen and bathrooms, suggests these areas are also in poor condition and require substantial rehabilitation.
Year Built
1909
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
25517531
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Set on a quiet wide street in Vermont Square, this inviting duplex offers an excellent investment opportunity just minutes from Exposition Park, BMO Stadium, and USC. The property features 2 units with spacious 1-bedroom, 1-bathroom, making it ideal for renters or an owner-occupant. Both units are tenant-occupied on convenient month-to-month leases, ensuring immediate rental income with flexibility for future plans. The property sits on a generous 6,407-square-foot lot, providing ample outdoor space for gardening, entertaining, or future expansion. Located in a thriving, high-demand neighborhood, this property promises long-term growth potential. Vermont Square continues to attract a diverse tenant base, from students to professionals, thanks to its proximity to USC, museums, cafes, shopping, and vibrant dining options. The duplex's charming exterior features a shaded front porch, adding curb appeal and a welcoming touch. Whether you're looking to expand your rental portfolio or secure a future home with income potential, this property is a standout choice. Text with any questions.
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.6mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
2/10
Western Avenue Elementary School
Public,•K-5•1.2mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.4mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.5mi
3/10
Trinity Street Elementary School
Public,•K-5•1.6mi
/10
Maple Primary Center
Public,•K-1•1.6mi
2/10
Main Street Elementary School
Public,•K-5•1.7mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.7mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.6mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.3mi
1/10
Horace Mann Junior High School
Public,•6-8•2.4mi
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•1.7mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.6mi
Price History
Date
Event
Price
08/07/25
Sold
$550,000
Condition Rating
Poor
Built in 1909, this property shows significant signs of age and deferred maintenance on the exterior, including cracked stucco, old windows, and exposed wiring. The listing description explicitly mentions the need for 'significant investment in updates, repairs, or replacement of aging systems (e.g., plumbing, electrical, HVAC).' The absence of interior photos, especially for key areas like the kitchen and bathrooms, suggests these areas are also in poor condition and require substantial rehabilitation.
Pros & Cons
Pros
Duplex Investment Opportunity: The property is a duplex, offering two units ideal for generating immediate rental income or for an owner-occupant seeking income potential.
Prime Location & Neighborhood Demand: Located in the high-demand Vermont Square neighborhood, minutes from USC, Exposition Park, and BMO Stadium, attracting a diverse tenant base and promising strong rental demand.
Immediate Rental Income & Lease Flexibility: Both units are tenant-occupied on month-to-month leases, ensuring immediate cash flow and flexibility for future plans, such as rent adjustments or owner move-in.
Generous Lot Size with Expansion Potential: The property sits on a substantial 6,407-square-foot lot, providing ample outdoor space and significant potential for future expansion or ADU development.
Long-Term Growth Potential: Situated in a thriving and revitalizing area of Los Angeles, the property is well-positioned for long-term appreciation and investment growth.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-08-07. The sold price is $550,000.00.
Significant Overpricing: The listing price of $675,000 is 38% higher than the estimated property value of $416,054.64, indicating a potential overvaluation.
Age of Property & Potential for Deferred Maintenance: Built in 1909, the property is over a century old, which may necessitate significant investment in updates, repairs, or replacement of aging systems (e.g., plumbing, electrical, HVAC).
Limited Unit Configuration: Both units are 1-bedroom, 1-bathroom, which might limit the appeal to a broader tenant demographic or command lower rental rates compared to properties with larger unit sizes.