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259 E 41st Place is a 15-unit multifamily property in South Los Angeles, offered at $1,900,000, or $126,667 per unit. Built in 1947, the property totals approx. 4,828 SF, including the ADU, on a 6,551 SF street-to-street lot and is comprised of studio units. Buyer to verify building and ADU square footage. At current rents, the property performs at a 7.27% CAP and 8.11 GRM, giving a buyer a strong in-place return from day one. The property presents as a well-kept multifamily building centered around a broad paved courtyard, mature hedges and palm landscaping, and a clean stucco exterior. The street-to-street lot gives the building a more open layout, while the common areas appear clean and well maintained. 259 E 41st Place features a mix of functional studios and more recently updated units with wood-style flooring, refreshed kitchens and bathrooms, ceiling fans, and updated finishes. Property operating features include master-metered electricity and separately metered gas, while the ADU is separately metered for gas, electricity, and water. Current monthly scheduled income is approx. $19,525, compared with projected income of approx. $21,850. At projected rents, the property is expected to perform at an 8.64% CAP and 7.25 GRM. Located approx. 1.5 miles from both USC and Exposition Park, 259 E 41st Place provides convenient access to the LA Memorial Coliseum, BMO Stadium, Natural History Museum of Los Angeles County, California Science Center, and the broader USC campus. The property also sits across from Gilbert W. Lindsay Recreation Center and near Harmony Missionary Baptist Church, adding recreation and community uses to the immediate neighborhood setting. 259 E 41st Place brings together a $126,667 per-unit basis, a strong current return, a well-kept physical property, and additional income growth still available in the rent roll. With USC and Exposition Park approx. 1.5 miles away, the property offers a straightforward investment story supported by both current performance and location.
Property Type(s):
Residential Income
| Last Updated | 10/7/2026 | Year Built | 1947 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| LOT | 6551 sq ft |
| LOT DIMENSIONS | 6551 |
| PARKING | None |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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