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 Details
Price:
$1,900,000
MLS #:
26997915
Status:
Active
Beds:
0
Baths:
15
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Oct 7, 2026
Finished Sq Ft:
4,828
Total Sq Ft:
4,828
Lot Size:
6,551 sqft / 0.15 acres (approx)
Year Built:
1947
See this Listing
Schools
Interior
Laundry Features
Community
Levels
Two
Exterior
Common Walls
1 Common Wall
Parking Features
None
Parking Spots
1
Parking Total
1
Security Features
Gated Community
Stories
2
View
None
Financial
Map
Community
- Address259 E 41st PL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 27003
- 32524
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Bungalow Land
- Canyon Shores
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Downtown
- Elysian Valley
- Floristan Hts
- Glen Terrace
- Gramercy Park
- Hacienda Tularosa
- Highland Park Extension
- Hollywood Dell
- Koreatown, Los Angeles
- Lago Vista
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Los Angeles Southwest C 34
- Lucile Court
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable – 1007242
- Not Applicable-105
- Ocean Park Villa
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Picfair Village
- Pickford Court
- Savoy
- Silver Strand
- Subdivision Name / Tract: 5609
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Walter’s Moneta Ave and Figueroa St Tract
- Westmont WMON
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 04, 2026
5,364
Single Family Listed
99
Avg DOM
526
Avg $ / SqFt
$1,978,422
Avg List Price
Property Summary
- 259 E 41st PL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90011. It is listed for $1,900,000 and features 0 beds, 15 baths, and has approximately 4,828 square feet of living space, and was originally constructed in 1947. The current price per square foot is $394. The average price per square foot for Single Family listings in Los Angeles is $526. The average listing price for Single Family in Los Angeles is $1,978,422.
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259 E 41st PL
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