8,533 Sqft Lot
8,533 Sqft Lot
Open House
Sun May 24, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26101135
HOA Y/N No
Year Built 1916
Lot Size 8,533 Sqft
Property Sub-Type Quadruplex
Property Description
Exceptional opportunity to acquire a well-maintained 4-unit income property in one of Los Angeles most desirable and rapidily growing rental markets. Ideally situated near Koreatown, Pico-Union, Mid-Wilshire, USC, Downtown LA, and Echo Park, this property offers strong current cash flow with significant long term upside potential. This property consists of approximately 5,264 square feet on a living space on a spacious 8,535 square foot lot. Each of the four generously sized units offers approximately 1,316 square feet and features 2 bedrooms and 1 bathroom. (Title records reflect 1 bedroom and 1 bathroom per unit) The roof of the property is only two years old. Fully tenant-occupied with immediate rental income. Each unit has separate gas and electric meters, tenants pay all utilities except water. 4-car garage parking plus extensive rear parking for up to 8 additional vehicles. Strong rental demand in a high-growth neighborhood surrounded by new development. Conveniently located near premier dining, shopping, local parks, entertainment, and major public transportation, this property presents an outstanding opportunity for investors and potential owner-users alike. Buyer to independently verify square footage, unit count, bedroom/bathroom count, permits, zoning and rent control applicability. Property will be delivered with all tenants in place. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Other Rooms Shed(s)
Interior
Interior Features Granite Counters, Laminate Counters, Open Floorplan, All Bedrooms Down
Heating None
Cooling None, Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Water Heater
Laundry None
Exterior
Parking Features Assigned, Garage, Uncovered
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool None
Community Features Sidewalks
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
View None
Roof Type Flat
Total Parking Spaces 12
Private Pool No
Building
Lot Description Sprinklers In Rear, Sprinklers In Front, Sprinklers Timer, Sprinklers Manual
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5074005006
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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