1545 E 41st Place, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 3 bath
ACTIVE$849,000
1545 E 41st Place, Los Angeles, California 90011
4Beds
3Baths
1,974Sqft
5,463Lot
Price Vs. Estimate
The estimated value ($849,000) is $0 (0%) lower than the list price ($849,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Duplex: This property offers two separate units (4 bed/2 bath and 3 bed/1 bath) with private entrances, providing significant income potential for investors or owner-occupiers seeking rental offset.
Top Cons:
Property Age & Potential for Updates: Built in 1922, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and may require significant capital investment for modernization or deferred maintenance.
Compared to the nearby listings
Price:$849.0K vs avg $560.0K (+$289,000)90%
Size:1,974 sqft vs avg 1,216 sqft87%
Price/sqft:$430 vs avg $50932%
More Insights
Built in 1922 (103 years old).
Condition: The property was built in 1922, indicating an older structure. While the kitchens feature modern stainless steel appliances and white shaker cabinets, and the bathrooms have been updated with contemporary tiling and fixtures, other areas show signs of age. The main living area has older tile flooring and basic light fixtures, and some bedrooms have laminate flooring. The exterior driveway shows cracking. The description mentions 'two separate units' and implies recent updates, but the overall impression is of a property that has undergone some renovations but not a full, extensive overhaul to meet current 'excellent' standards, nor is it new construction. It's move-in ready with functional systems, but some elements are dated or show wear, aligning with the 'fair' category's criteria of being aged but maintained with functional major components showing signs of being outdated, or renovated 15-30 years ago.
Year Built
1922
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
25580937
Home ConditionFair
Features
View-
About this home
Two Units | Huge Income Potential!! Welcome to 1545 E 41st Pl a rare duplex-style property in the heart of Los Angeles! This home offers two separate units with private entrances: Front Unit: 4 bedrooms, 2 baths bright, spacious & perfect for families. Rear Unit: 3 bedrooms, 1 bath ideal for guests, extended family, or rental income.Enjoy a gated property, plenty of parking, and a prime location near Ross Snyder Rec Center, Jefferson High, and major freeways.Live in one and rent the other or rent both for serious cash flow. Don't miss this versatile property in a rapidly growing neighborhood!
Nearby schools
4/10
Nevin Avenue Elementary School
Public,•K-5•0.3mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.4mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
2/10
Harmony Elementary School
Public,•K-5•0.8mi
2/10
Hooper Avenue Elementary School
Public,•1-5•0.9mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.9mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.9mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.0mi
2/10
Aurora Elementary School
Public,•K-5•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.1mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.1mi
5/10
Lillian Street Elementary School
Public,•K-6•1.5mi
5/10
Pacific Boulevard School
Public,•K-5•1.8mi
5/10
Estrella Elementary School
Public,•K-5•1.9mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.9mi
6/10
Vernon City Elementary School
Public,•K-7•0.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.8mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.3mi
5/10
Santee Education Complex
Public,•9-12•1.7mi
4/10
Huntington Park Senior High School
Public,•9-12•2.1mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.9mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.0mi
Condition Rating
Fair
The property was built in 1922, indicating an older structure. While the kitchens feature modern stainless steel appliances and white shaker cabinets, and the bathrooms have been updated with contemporary tiling and fixtures, other areas show signs of age. The main living area has older tile flooring and basic light fixtures, and some bedrooms have laminate flooring. The exterior driveway shows cracking. The description mentions 'two separate units' and implies recent updates, but the overall impression is of a property that has undergone some renovations but not a full, extensive overhaul to meet current 'excellent' standards, nor is it new construction. It's move-in ready with functional systems, but some elements are dated or show wear, aligning with the 'fair' category's criteria of being aged but maintained with functional major components showing signs of being outdated, or renovated 15-30 years ago.
Pros & Cons
Pros
Income-Generating Duplex: This property offers two separate units (4 bed/2 bath and 3 bed/1 bath) with private entrances, providing significant income potential for investors or owner-occupiers seeking rental offset.
Strategic Los Angeles Location: Situated in the 'heart of Los Angeles' with convenient access to major freeways, Ross Snyder Rec Center, and Jefferson High, enhancing its appeal for tenants and residents.
Strong Value Proposition: The listing price of $849,000 is approximately 7% below the estimated market value of $909,638.76, suggesting immediate equity potential for a buyer.
Gated Property & Ample Parking: The inclusion of a gated property and plenty of parking offers enhanced security, privacy, and convenience, which are highly desirable features in an urban setting.
Rapidly Growing Neighborhood & School Access: Located in a 'rapidly growing neighborhood' with access to several well-rated public schools (e.g., Vernon City Elementary, Santee Education Complex), indicating potential for appreciation and family appeal.
Cons
Property Age & Potential for Updates: Built in 1922, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and may require significant capital investment for modernization or deferred maintenance.
Lack of Desirable Views: The property explicitly states 'None' for views, which could be a drawback for buyers seeking scenic outlooks, a common amenity in the Los Angeles market.
Unspecified Interior Condition: The description lacks details on recent renovations or the current interior condition of the units, implying potential for substantial cosmetic or functional upgrades to meet modern tenant/owner expectations.