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$ 1,650,000
Est. payment | /mo
2 Beds
4,910 SqFt
$ 1,650,000
Est. payment | /mo
2 Beds
4,910 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,910 sqft
Price per Sqft $336
MLS Listing ID CRSR25024850
Bedrooms 2
HOA Y/N No
Year Built 1922
Lot Size 8,102 Sqft
Acres 0.19
Property Sub-Type Quadruplex
Property Description
Exceptional 4-unit investment opportunity in Mid-Wilshire, situated between Koreatown and Arlington Heights. This very well-maintained, fully fenced, and secured fourplex features 4 spacious 2-bedroom, 1-bath units, each over 1,200 sq. ft., with each unit having its own in-unit washer and dryer. The property sits on a large 8,100 sq. ft. lot with a building size of over 4,900 sq. ft., zoned LARD1.5, offering future development potential. All units will be delivered vacant, allowing for immediate renovations and up to 37% rental upside, with each unit having the potential to rent north of $3,000 per month. Once stabilized, the pro forma CAP rate is projected at 6.34%, ensuring strong returns. Additional highlights include a 4-car garage, with two garages currently set up as an accessory space. Every unit is separately metered gas and electricity. Located in a highly desirable neighborhood within a 15-minute drive to Koreatown, Hollywood, and Downtown LA, this is a rare opportunity to own a turnkey, income-generating property in one of LA’s most sought-after areas.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside
Exterior
View Y/N false
View None
Total Parking Spaces 4
Building
Lot Description Level
New Construction No
Others
Tax ID 5081013008
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Listed by Mona Golastani • RE/MAX One
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447