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$1,000,000

Beds
5
sq ft
2,821

862 W 41st St, Los Angeles, CA 90037

862 W 41st St

Los Angeles, CA 90037

  • 140 days on market
    • Price drop $50,000↓
Discover an incredible opportunity with this fully move-in-ready triplex, offering exceptional rental income potential and the perfect setup to live in one unit while renting out the others! This versatile property features two spacious 2-bedroom, 1-bath units, both vacant and ready for immediate occupancy. The third unit is a charming 1-bedroom, 1-bath, currently tenant-occupied, providing a reliable income stream.The exterior has been tastefully updated with fresh paint, refurbished detailing, and new vinyl double-paned windows for enhanced energy efficiency. Adding to its appeal, the property includes a four-car garage with individual one-car spaces, a long driveway, and ample additional parking.Situated in a prime location, this triplex is just minutes from BMO Stadium, the Coliseum, the Natural History Museum, and USC, with convenient access to the 110 freeway. It is also near LAUSD schools, shopping centers, car dealerships, and only 7 minutes from Downtown Los Angeles.Whether you're an investor looking to expand your portfolio or a homeowner seeking to offset your mortgage with rental income, this property is a rare find in one of LA's most vibrant neighborhoods. Don't miss out on this prime investment opportunity!

Details

Property type

Est. home value

$486,016

Lot size

5,841 sq ft

Price per sq ft

$355

Year built

1938

HOA

No

Price History

04/03/2025
CLAW

CLAW #24463855

Price change
$1,000,000
-4.76%
02/18/2025
CLAW

CLAW #24463855

Listed
$1,050,000
02/15/2025
CLAW

CLAW #24463855

Removed
$1,050,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$875,099
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$44,901
Cash to seller
$875,099

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Lexxel Funding Corp

Loan start date

August 2022

Original loan amount

$302,250

Est. remaining balance

$44,901

Interest rate

5.3%

Loan type

New Conventional, 3 year

Seller

Mayra Alejandrina Esquivel

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/05/2025 at 5:15 PM

Listing updated: 04/03/2025 at 1:11 PM

Listed by: Michelle Navarrete Vargas, Realty ONE Group United Phone #: (310) 948-0404

MLS: CLAW #24463855

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