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605 W 41st St
Los Angeles, CA 90037 Vermont Harbor

$995,000 USD

Apartments For Sale • 4,040 SF

Property Details

Property Type Apartments
Total Building Size 4,040 SF
Lot Size 0.15 AC
Building Class C
Year Built 1921
Cap Rate 5.53 %
Zoning LARD1.5

73 Transit Score

86 Walk Score

                
                    Highlights
                
                                Fourplex Located a Half-Mile from USC’s Campus and 2 Blocks from BMO Stadium & L.A. Memorial Coliseum
                            
                                Outstanding Owner-User Opportunity - Renovated 1-Bedroom Unit Delivered Vacant with Washer and Dryer
                            
                                Just a Few Blocks from Exposition Park, USC Village, Lucas Museum of Narrative Arts, BMO Stadium, Natural History Museum and California Science Center
                            
                                5.53% Current Cap Rate & 12.41 Current GRM | 7.05% Pro-Forma Cap Rate & 10.39 Pro-Forma GRM
                            
                                Tenants Pay All Trash, Electricity and Gas Expenses | Four Garages | Large 6,751-SF Lot | Qualifies for Attractive Residential Financing
                            
                                Desirable Opportunity to Add ADUs at Rear Parking Area | Close Proximity to Expo Park/USC Transit Line and Downtown Los Angeles

Financial Summary (Actual)

Net Operating Income: $54,975 USD (2024)

Cap Rate:	5.53 %
Total Expenses:	$22,781 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	9 min	-	4.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.8 mi
Transit/Subway	Drive	Walk	Distance
Expo Park/Usc (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	17 min	0.9 mi
Jefferson/Usc (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	18 min	1.0 mi
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	20 min	-	11.4 mi
Long Beach (Daugherty Field)	26 min	-	19.6 mi
Bob Hope	29 min	-	20.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	OneCarGarage
Included in Rent:	Yes

Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate

605 W 41st St Los Angeles, CA 90037 Vermont Harbor