$950,000
 $5,100 est/mo Sourced by Back At You

550 W 41st Drive,Los Angeles, CA 90037

Los Angeles, CA 90037

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Description

An appealing investment in the heart of Los Angeles, this five-unit income property pairs established rental income with a central location in an area of high rental demand near USC and the cultural attractions of Exposition Park. The property consists of a four-unit apartment building at 550 W 41st Dr and a separate single-family residence at 552 W 41st Dr, with all five units situated on one parcel under a single APN (5019-019-022). The property offers approximately 3,120 rentable square feet on a 6,763-square-foot lot with reported LARD1.5 zoning. Low-maintenance landscaping and no on-site laundry contribute to simpler upkeep and lower related expenses. Nearby destinations include the new Lucas Museum of Narrative Art, the Los Angeles Memorial Coliseum, and BMO Stadium, with proximity to venues associated with the Los Angeles 2028 Olympic Games. Convenient access to Metro, Downtown Los Angeles, and major freeways adds to the location's appeal. An attractive consideration for portfolio buyers and investors pursuing a 1031 exchange. Property to be delivered fully occupied with tenants in place. Drive by only.

Details

MLS #26989463
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1921
Days On Site42
Listing Provided ByRodeo Realty- Brentwood | Amber Martinez

Features

Bed(s)6
Bath(s)5
SQ Feet3,120
Story(s)2
Units5
Building(s)1
ZoningLARD1.5
Acreage0.16

Interior

CoolingWall Window Units
Cooling Yes / NoYes

Exterior

Security FeaturesGated Community

Parking

Parking FeaturesAssigned

Location

Community FeaturesGated

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$950,000
low | high
Med:
$819,000
63.789473684211% of Average
sqft:
3,120
low | high
Med:
4,556
3.974358974359% of Average
$ / sqft:
$304
low | high
Med:
$180
90.962062751259% of Average
On site:
42
low | high
Med:
70
60% of Average
Sourced by Back At You

Market Activity 90037

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$950,000
low | high
Med:
$819,000
63.789473684211% of Average
sqft:
3,120
low | high
Med:
4,556
3.974358974359% of Average
$ / sqft:
$304
low | high
Med:
$180
90.962062751259% of Average
On site:
42
low | high
Med:
70
60% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $712K - $1.187M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
517 W 42nd Property Photo 1
$1,129,000
517 W 42nd
Los Angeles, CA 90037
736 W 41st Place Property Photo 1
$809,000
736 W 41st Place
Los Angeles, CA 90037
736 W 41st Place Property Photo 1
$809,000
736 W 41st Place
Los Angeles, CA 90037
Listing Updated: October 21, 2026 at 5:31:45 PM PDT

Benjamin Leaskou - Desert Lifestyle Properties