620 W 41st, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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620 W 41st
Los Angeles, California 90037
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,872Sq Ft
6,752Lot Size
Property Price
LIST PRICE$1,699,000
EST. MARKET VALUE
$1,889,371
10% BelowMARKET VALUE
SUMMARY
This triplex presents a Strong Value Opportunity with a List Price of $1,699,000—positioned well below the $1,889,371 Fair Market Value by 10%. This valuation gap offers $190,371 in Instant Equity for the savvy buyer. With a Condition Rating of 4, the property serves as a prime Value-Add Asset featuring significant ADU Potential and a large 6,752 sqft lot. Located near USC and major transit, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term appreciation.
Estimated Market Value
$1,889,371+$190,371 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 W 41st Subject | $1,699,000* List Price | 0 | 0 | 3,872 | $488 | - |
A 3830 S Figueroa Street Active | $2,000,000 List Price | 0 | 0 | 3,584 | $558 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1924, this century-old triplex is positioned as a 'value-add' opportunity with below-market rents, indicating dated interiors. While some cosmetic updates like newer laminate flooring and paint are visible in photos, the property likely requires modernization of kitchens, baths, and core systems to achieve market rates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated in a high-demand corridor within walking distance of USC and Exposition Park, the property is ideally positioned for consistent tenant demand and long-term capital appreciation.
- Value-Add ADU Potential
The property features a spacious backyard that offers a significant opportunity to construct an Accessory Dwelling Unit (ADU), providing a clear path to increase density and total rental income.
- Substantial Building Scale
With nearly 3,900 square feet of living space, this triplex offers a larger-than-average footprint for the area, providing significant scale for a residential income investment.
CONSRISKS & DEFICIENCIES
- Below-Market Rental Income
Current units are occupied with rents below market value, which may limit immediate cash flow and require a strategic long-term approach to realize the property's full income potential.
- Vintage Infrastructure
Built in 1924, the property may necessitate significant capital expenditures for modernization and maintenance of older systems to meet contemporary tenant expectations and building codes.
About 620 W 41st
**Seller Says Sell! Price Reduced – Exceptional Investment Opportunity Near USC & Downtown Los Angeles** Don't miss this outstanding opportunity to own a well-located triplex in one of Los Angeles' most desirable investment corridors. Ideally situated just minutes from Downtown Los Angeles and within walking distance of USC, the Los Angeles Memorial Coliseum, BMO Stadium, Exposition Park, the George Lucas Museum, and the Metro E (Expo) Line, this property offers exceptional convenience for tenants and long-term appreciation potential. The property is currently tenant-occupied with stable, below-market rents, providing immediate income with future upside. The spacious backyard presents an excellent opportunity to add an ADU (buyer to verify), creating additional rental income and increasing the property's overall value. Commuters will appreciate the easy access to the 10, 105, and 110 Freeways, placing Downtown LA, LAX, Inglewood, Long Beach, Crypto.com Arena, Dodger Stadium, Intuit Dome, SoFi Stadium, Hollywood Park Casino, and countless employment and entertainment destinations within easy reach. Whether your clients are expanding their investment portfolio or seeking a value-add opportunity in a rapidly developing neighborhood, this triplex offers location, income, and tremendous upside. Seller is highly motivated and has reduced the price—don't miss this opportunity!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1924
- Lot Size
- 6,752 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Menlo Avenue Elementary School
Grades K-5 • 0.3 mi
5/10
West Vernon Avenue Elementary School
Grades K-5 • 0.3 mi
5/10
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.4 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,872 | 2,187.451 |
| Lot Size | 6,752 | 5,841.385 |
| Price | $1.70M | $841.5K |
| Price per sq ft | $439 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 34 | 85 |
Pricing History
Listed for Sale
Aug 6, 2026
$1,699,000
Initial Listing
Sold
Apr 7, 2022
$1,465,000
Public Record
Sold
Jan 28, 2020
$1,350,000
Public Record
Sold
Jan 18, 2019
$635,000
Public Record