SoldMay 6, 2016

259 E 41st Pl, Los Angeles, CA, 90011

Amount undisclosed

14
14
4428 sq. ft.
6551 sq. ft.

MultiFam

•

Sold: May 6, 2016

What's around 259 E 41st Pl

About this property

10 Section 8 units with most of the rent direct deposited on the 1st of the month. Non-Section 8 tenants pay like clockwork and have been in the building for years. Easy building with great cashflow. Great upside in rents as well. The unit mix consists of thirteen Studio/one-bath units and one one-bedroom/one-bath units. Each Studio unit has a spacious living area with full size kitchens and the one-bedroom unit has a large bedroom and full sized living room. The property has a single car garages along San Pedro St and ample street parking along E. 41st Place and Trinity St. Current stable annual income is $143,220 Pro-forma is $171,504, under a 8.6 GRM! 71% of building is Section 8 subsidized which accounts for 60% of monthly rent income.

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