651 E 41st, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
651 E 41st
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 651 E 41st, Los Angeles, California 90011 is currently available with a list price of $1,029,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1940, this multi-unit property has received some capital improvements like a newer roof and windows, which are positive. However, the description emphasizes its 'value-add' potential and notes the likelihood of older plumbing and electrical systems. The exterior images show a property that is maintained but clearly aged, with some wear and tear on paint and wood elements. Without interior photos, and given the 'value-add' nature, it's highly probable that kitchens, bathrooms, and other interior finishes are outdated and would require significant renovation to meet current market standards and achieve higher rents. This aligns with the 'Fair' category, indicating an aged but maintained property with functional but outdated major components, requiring minor to moderate updates.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Opportunity
The property offers substantial upside potential through raising below-market rents and leveraging a vacant unit for immediate market-rate leasing or owner-occupancy.
- ADU Conversion Potential
An 800 sq ft vacant garage presents a clear opportunity to add an Accessory Dwelling Unit, significantly increasing the property's income stream and overall value.
- Recent Capital Improvements
Key updates including a newer roof and windows minimize immediate maintenance costs and enhance the property's long-term durability and appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7553, other record lot size in square feet = 7750. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4626, other record living area = 2041.
- Property Age and Potential Systemic Issues
Built in 1940, the property's age suggests potential for older systems (e.g., plumbing, electrical) that may require future upgrades or significant maintenance beyond recent improvements.
- Current Below-Market Rents
While offering upside, the existing below-market rents mean current cash flow is not maximized, and achieving market rates may necessitate tenant turnover or additional unit renovations.
About 651 E 41st
Excellent value-add 3-unit multifamily investment in Los Angeles with strong in-place income and upside potential. The property features three (3) spacious 2-bedroom / 1-bath units with approximately 4,626 square feet of building area on an approximately 7,551 square foot lot. Current rents are below market, with estimated market and voucher rents of approximately $2,887 per unit. One unit is anticipated to be delivered vacant at close, providing flexibility for a new owner to establish market rent or pursue an owner-user strategy. Recent capital improvements include a newer roof and newer windows, which may reduce near-term maintenance. All utilities are separately metered, contributing to efficient operations. On-site parking enhances tenant appeal. Additional value-add opportunity: An approximately 800 square foot garage, anticipated to be delivered vacant, may offer potential for conversion to an accessory dwelling unit (ADU), subject to buyer verification and approval by the City of Los Angeles / LADBS. Buyer to conduct their own investigations regarding zoning, permits, feasibility, and allowable uses. Well suited for investors, 1031 exchange buyers, and value-add operators seeking current income with future upside in a high-demand rental market.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 7,553 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Ricardo Lizarraga Elementary School
Grades K-5 • 0.2 mi
Harmony Elementary School
Grades K-5 • 0.3 mi
Wadsworth Avenue Elementary School
Grades K-5 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,626 | 1,974 | 97% |
| Lot Size | 7,553 | 5,288 | 97% |
| Price | $1.03M | $710.0K | 90% |
| Price per sq ft | $222 | $345 | 7% |
| Built year | 1940 | 1912 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 231 | 3% |
Pricing History
Listed for Sale
Feb 5, 2026
$1,029,000
$1,099,000
-6% Price Drop
Initial Listing
Price Change
Jan 27, 2026
$1,099,000
$1,150,000
-4% Price Drop
Initial Listing
Price Change
Jan 20, 2026
$1,150,000
Initial Listing
Sold
Apr 15, 1997
$500
Public Record
Sold
Jan 15, 1997
$500
Public Record