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Closed
- Listed price
- $1,345,000
- Listed Mar 4, 2016
- Sold price
- $1,345,000
- Sold May 4, 2016
6,551 sqft lot|1947 Built|61 MLS days on market
259 E 41st Pl, Los Angeles, CA 90011
Property Description
10 Section 8 units with most of the rent direct deposited on the 1st of the month. Non-Section 8 tenants pay like clockwork and have been in the building for years. Easy building with great cashflow. Great upside in rents as well. The unit mix consists of thirteen Studio/one-bath units and one one-bedroom/one-bath units. Each Studio unit has a spacious living area with full size kitchens and the one-bedroom unit has a large bedroom and full sized living room. The property has a single car garages along San Pedro St and ample street parking along E. 41st Place and Trinity St. Current stable annual income is $143,220 Pro-forma is $171,504, under a 8.6 GRM! 71% of building is Section 8 subsidized which accounts for 60% of monthly rent income.
Listing agent: Mark MacFarlaneDRE #01795440mark@vimvi.com, Listing office: MacFarlane Real Estate
MLS data updated 10/27/2026, 9:16:55 PM PT
Source: CRMLSMLS #: P0-316002002
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,345,000
May 4, 2016
Available records22016
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90011 · Oct 2026
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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