620 W 41st, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,725,000
620 W 41st, Los Angeles, California 90037
0Bed
0Bath
3,872Sqft
6,752Lot
Year Built
1924
Close
-
List price
$1.73M
Original List price
$1.73M
Price/Sqft
$446
HOA
-
Days on market
-
Sold On
-
MLS number
SR25261879
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.73M(96th), sqft - 3872(74th), beds - undefined(50th), baths - undefined(50th).
VERY MOTIVATED SELLER SAID “REDUCE”! Excellent investment opportunity located minutes away from Downtown Los Angeles. This triplex is centrally located and within walking distance to USC, the Coliseum, BMO Stadium, George Lucas Museum, Exposition Park and Expo Line Train Station. Easy access to 10, 105, and 110 freeways with quick access to Downtown LA, Inglewood, LAX, Long Beach, Crypto.com Arena, Dodgers Stadium, Intuit Dome, SoFi Stadium, The Forum and Hollywood Park Casino. Tenants are in place with reasonable rents. There is plenty space in back yard to add an ADU. Must see to appreciate.
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.3mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.6mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.8mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.8mi
3/10
Trinity Street Elementary School
Public,•K-5•0.9mi
/10
Maple Primary Center
Public,•K-1•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.1mi
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•2.1mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.5mi
2/10
John Muir Middle School
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
2/10
Audubon Middle School
Public,•6-8•2.6mi
1/10
Horace Mann Junior High School
Public,•6-8•2.6mi
3/10
Manual Arts Senior High School
Public,•9-12•0.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.9mi
5/10
Santee Education Complex
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
11/17/25
Listing
$1,725,000
04/07/22
Sold
$1,465,000
01/28/20
Sold
$1,350,000
01/18/19
Sold
$635,000
Condition Rating
Fair
The property, built in 1924, features recent cosmetic updates in the visible units, including modern wood-look flooring, fresh paint, recessed lighting, and a clean, updated bathroom with subway tile and a basic vanity. These updates make the visible spaces move-in ready. However, the presence of a wall-mounted heater indicates a lack of central air conditioning, and the property's significant age (1924) suggests that major systems (electrical, plumbing, and HVAC) are likely outdated and will require substantial investment, as also noted in the property analysis. The absence of kitchen images prevents a full assessment of a key area. While cosmetically refreshed, the property's underlying infrastructure and age place it in the 'Fair' category, as major components are functional but show signs of being outdated and will require significant capital investment to meet modern standards.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with existing tenants, providing immediate multiple income streams and reducing vacancy risk for an investor.
Strategic Location: Centrally located near Downtown LA, USC, major entertainment venues (Coliseum, BMO Stadium, Lucas Museum), public transit (Expo Line), and key freeways (10, 105, 110), offering high demand for rentals.
ADU Development Potential: Ample backyard space allows for the addition of an Accessory Dwelling Unit (ADU), significantly increasing potential rental income and property value.
Motivated Seller: The explicit mention of a 'VERY MOTIVATED SELLER' and price reduction indicates potential for a favorable purchase price and negotiation.
Strong Historical Appreciation: The property has shown significant value growth in recent sales history (e.g., 635k in 2019 to 1.465M in 2022), suggesting robust market demand and investment potential.
Cons
Property Age & Condition: Built in 1924, the property likely requires significant capital investment for updates to systems (plumbing, electrical) and general modernization, which is not detailed in the description.
Below-Market Rents (Potential): The phrase 'Tenants are in place with reasonable rents' may imply current rents are not maximized, potentially limiting immediate cash flow upside for a new owner, especially under LA's tenant protection laws.
Unspecified Renovation Needs: The description lacks information on recent upgrades or the current condition, suggesting a buyer should anticipate substantial renovation costs to bring the property to modern standards or maximize rental income.