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$1,495,000
Est. payment /mo
6 Beds
4 Baths
4,380 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,380 sqft
Price per Sqft $341
MLS Listing ID 25521311
Bedrooms 6
HOA Y/N No
Year Built 1924
Lot Size 5,819 Sqft
Property Description
Prime Mid-City Fourplex w/ Tremendous Value-Add Opportunity & Strong Upside Potential! Don't miss this exceptional opportunity to own a (4) unit multifamily investment property located in the heart of prime Mid-City, one of Los Angeles' most desirable and centrally located neighborhoods. This stunning property offers a total of 4,380sq.ft. situated on a 5,820sq.ft. lot. The unit mix includes two (2) 2-bedroom + 1-bathroom units and two (2) oversized 1-bedroom + 1-bathroom units, with good potential to be converted into 2-bedroom units due to their generous layouts and large square footage. Each unit boasts spacious floor plans averaging about 1,100sq.ft., providing comfortable and functional living spaces for tenants. Two (2) of the units have been extensively remodeled, featuring: Refinished hardwood oak flooring, Modern quartz countertops, Stainless steel appliances, Updated copper plumbing, Stylishly upgraded kitchens and bathrooms, New in-unit washer & dryers for added convenience. The remaining two (2) units offer value-add potential, allowing investors the opportunity to renovate, reposition, and maximize market rents, significantly increasing overall cash flow. Additional property highlights include: Current monthly gross income: $6,937/month. 4 large detached garages with excellent ADU potential to further enhance rental income. Quiet residential street with easy access to freeways, public transportation, shopping, and dining. Whether you're looking for a strong-performing asset or an opportunity to increase value through strategic renovations and development, this Mid-City fourplex checks all the boxes. Contact us today for more information.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Flooring Tile, Wood
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Attached Garage No
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5072007008
Acceptable Financing Trust Deed
Listing Terms Trust Deed
Financing Cash
Special Listing Condition Standard
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Listed by Nima Tehrany • Compass
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Chris & Courtney Cameron
Agent | Office DRE #02021421 | 01766250
Agent Office DRE #02021421 | 01766250