862 W 41st Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This triplex presents a High-Potential Investment Opportunity, listed at $991,999—positioned above the $913,801 Fair Market Value. While the property requires capital for modernization due to its Condition Rating of 4, the 5,841 sqft lot and ample on-site parking provide significant utility in a high-demand rental market near USC. This asset offers immediate cash flow from two occupied units, making it a stable acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs in a prime Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 862 W 41st Street Subject | $991,999* List Price | 0 | 0 | 2,821 | $324 | - |
A 1323 W 41st Sold | $699,998 | 0 | 0 | 1,807 | $387 | 0.5 mi |
B 348 W Vernon Avenue Active | $775,000 List Price | 0 | 0 | 2,940 | $264 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, the property is described as well-maintained but shows significant dating. Interior photos reveal older wall heaters, popcorn ceilings, and vintage built-in cabinetry. While functional and move-in ready for tenants, the lack of modern HVAC and updated kitchen/bath finishes suggests the systems and aesthetics are over 20 years old, requiring minor repairs and modernization.
The property is strategically located near USC, the LA Coliseum, and Exposition Park, ensuring high rental demand from students, faculty, and urban professionals.
With two units currently occupied and one vacant, the triplex provides immediate cash flow while offering the flexibility for an owner-occupant or a market-rate lease-up.
Situated on a generous 5,841 sqft lot, the property features significant on-site parking, a highly sought-after amenity in a dense Los Angeles neighborhood.
The majority of the assigned public schools carry low ratings (2/10 and 3/10), which may deter long-term family tenants and impact future appreciation.
Built in 1938, the property may require significant capital expenditures for system upgrades or deferred maintenance common in buildings of this vintage.
Excellent investment opportunity in the heart of Los Angeles! This well maintained triplex features three spacious units with two currently occupied providing immediate rental income and one for an owner occupant or market rate tenant. This property offers a versatile layout ideal for investors seeking cash flow or buyers looking to live in one unit while generating income from the others. Situated on a generously sized lot with ample on site parking, this property is in a highly desirable rental market. Conveniently located near the University of Southern California (USC), the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park and Downtown Los Angeles, offering easy access to entertainment, dining, shopping, public transportation and major freeways. The property presents an excellent upside potential with strong rental demand in the area. Whether you are a seasoned investor or first time multifamily buyer, this is an outstanding opportunity to own an income producing property in one of LA's most sough after locations. Don't miss your chance to own this prime multi unit property with income potential and unbeatable proximity to some of Los Angeles' most iconic locations!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-2 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,821 | 1,984 | 75% |
| Lot Size | 5,841 | 5,546 | 69% |
| Price | $992.0K | $779.0K | 88% |
| Price per sq ft | $352 | $358 | 50% |
| Built year | 1938 | 1924 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 175 | 6% |
May 28, 2026
$991,999
Initial Listing
Sep 23, 2022
$465,000
Public Record
Sep 7, 2004
$455,000
Public Record
Mar 18, 1999
$225,000
Public Record