About this home

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.

Facts and features

Schools

• Ricardo Lizarraga Elementary School

  elementary · K-5 · 0.2 mi

  6

• William Jefferson Clinton Middle School

  middle · 6-8 · 0.7 mi

  4

• Nava College Preparatory Academy

  high · 9-12 · 1.1 mi

  4

• Joel John Scholastic Academy

  middle · 7-12 · 0.7 mi

• Accelerated School

  elementary · K-8 · 0.3 mi

  4

• Trinity Street Elementary School

  elementary · 2-5 · 0.3 mi

  3

Price history

• Oct 8, 2026 · Listed$1,900,000
• May 6, 2016 · Sold$1,345,000
• Jun 29, 2012 · Sold$680,000
• May 28, 2012 · Listed$699,500
• Jan 2, 2002 · Listing Removed$359,000
• Jan 1, 2002 · Listing Removed$359,000
• Sep 30, 2001 · Listing Removed$359,000
• Jun 29, 2001 · Listed$359,000

Tax history

• 2025$20,053 tax · $1,624,043 assessed
• 2024$19,820 tax · $1,592,200 assessed
• 2023$19,448 tax · $1,530,375 assessed
• 2022$18,571 tax · $1,500,368 assessed
• 2021$18,338 tax · $1,470,950 assessed
• 2020$18,163 tax · $1,455,868 assessed
• 2019$17,452 tax · $1,427,323 assessed
• 2018$17,369 tax · $1,399,337 assessed

Home value

$2,206,806

• Quantarium$2,206,806

Where it is