Courtesy of: Lyon Stahl Investment Real Estate, Inc.
Days On Market: 32
Year Build: 1924
Address: 187 W 41st
County: Los Angeles
City: Los Angeles
Neighborhood: C42 - Downtown L.a.
Huge $100,000 Price Reduction! Great Cash Flow! 6.43% Cap Rate and 10.94 GRM! 187 W 41st Pl, A recently remodeled 7-unit Multifamily
property located just steps from USC. With a newly
built ADU, the subject operates at a 6.43% Cap Rate
and 11.49 GRM offering any investor with strong cash
flow, and 12% in rental upside!
The subject property boasts an excellent unit mix of
(2) 1-Bed/1-Bath, (1) 2-Bed/2-Bath, and (4) 3-Bed/1-
Bath units. With 6,558 rentable Sq. Ft, these large units
feature washer/dryer in unit, in-wall A/C, and central
187 W 41st Pl is located just minutes from USC,
Downtown LA, Gilbert Lindsay Park, Exposition Park,
Lucas Museum, Art's district, The Reef, Banc of
California Stadium, and LA LIVE, as well as billions of
dollars worth of development pouring into DTLA.