632 W 41st Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,100,000
632 W 41st Place, Los Angeles, California 90037
0Bed
0Bath
3,976Sqft
6,752Lot
Year Built
1912
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$277
HOA
-
Days on market
-
Sold On
-
MLS number
MB25006879
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(74th), sqft - 3976(78th), beds - undefined(50th), baths - undefined(50th).
This exceptional fourplex presents an outstanding investment opportunity in one of Los Angeles' most sought-after neighborhoods. The property boasts a versatile unit mix of four spacious 1-bedroom, 1-bath units, appealing to a wide range of tenants. Adding to its value, a newly constructed Accessory Dwelling Unit (ADU) features 2 bedrooms and 1 bathroom with its own dedicated parking space . Each unit is thoughtfully designed for tenant convenience, with individual meters and water heaters. One parking space per unit Ample off-street parking Proximity to markets, schools, and bus lines. Residents benefit from the property’s prime location with easy access to public transportation and major freeways, commuting to Downtown Los Angeles and close USC.
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•2.2mi
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•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
2/10
Audubon Middle School
Public,•6-8•2.5mi
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•2.0mi
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
11/12/25
Price Change
$1,100,000
01/27/25
Listing
$1,199,000
01/05/06
Sold
$560,000
03/11/03
Sold
$270,000
08/01/01
Sold
$290,000
02/07/01
Sold
$180,000
Condition Rating
Poor
The main fourplex building, constructed in 1912, is over a century old. While a new ADU has been added, the images of the primary units reveal severely outdated kitchens with old cabinets, laminate countertops, and basic appliances, along with worn carpets and dated finishes. The property analysis explicitly notes the age of the main structure as a weakness, indicating a potential need for 'significant capital expenditures on major systems (plumbing, electrical, roof, foundation) and general deferred maintenance.' These factors suggest the main units require substantial repairs and rehabilitation to meet modern living standards, aligning with a 'poor' condition score.
Pros & Cons
Pros
Strong Income Potential: As a quadruplex with an additional newly constructed ADU, this property offers significant and diversified rental income streams, appealing to investors seeking robust cash flow.
Newly Constructed ADU: The inclusion of a modern 2-bedroom, 1-bathroom Accessory Dwelling Unit (ADU) with its own dedicated parking space substantially increases the property's value, rental capacity, and overall appeal.
Tenant-Centric Features: Individual meters and water heaters for each unit, along with dedicated and ample off-street parking, enhance tenant convenience and reduce landlord management overhead, making it highly attractive to renters.
Prime Los Angeles Location: Situated in a sought-after Los Angeles neighborhood with excellent access to public transportation, major freeways, Downtown LA, and USC, ensuring high tenant demand and potential for appreciation.
Versatile Unit Mix: The four spacious 1-bedroom, 1-bathroom units, complemented by the 2-bedroom ADU, cater to a broad tenant demographic, from students and young professionals to small families.
Cons
Age of Main Structure: Built in 1912, the primary fourplex building is over a century old, potentially indicating a need for significant capital expenditures on major systems (plumbing, electrical, roof, foundation) and general deferred maintenance.
Recent Price Reduction: The property's list price has been reduced from $1.199M to $1.1M, which might signal an initial overpricing or could raise buyer concerns about market interest or underlying issues that led to the price adjustment.
Potential for High Operating Costs: Despite individual meters, the age of the main building could lead to higher insurance premiums, increased maintenance costs, and potentially less energy efficiency compared to newer constructions, impacting net operating income.