Strategically located south of Olympic Blvd and west of Rimpau Blvd, this fully renovated Spanish-style quadruplex in the heart of Mid-Wilshire presents an unbeatable investment opportunity with a 5% CAP rate and 14.8 GRM, featuring four 2-bedroom, 1-bath units, each thoughtfully upgraded with sleek quartz countertops, high-end stainless steel appliances,… Read More stylish flooring, in-unit laundry with owner-owned washers and dryers, newer double-pane windows, and upgraded electrical panels, while offering four designated parking spaces, separate gas meters, and newly installed sewer and electrical systems; the property has undergone seismic retrofit improvements, and each unit is equipped with a tankless water heater and separately metered gas and electricity, ensuring modern convenience, energy efficiency, and long-term value; additionally, with strong value-add potential and a prime location attracting tenants priced out of Miracle Mile to the north and Culver City to the west, this property presents a rare and lucrative investment opportunity in one of Los Angeles' most sought-after rental markets. This is the ideal situation for an owner or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer. Read Less
Property listed by Hanbada Realty Inc., 'Amy'Mi Soon Kim 626-720-6676
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,336
Lot Size
0.14 Acres
Year Built
1924
MLS Number
25517493
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1924, Building area total: 3,336, Levels: Two, Living area: 3336, 2 stories, 1 building
Floors
Laminate
Heating
WallFurnace
Income
Gross income: $153,000, Net operating income: $113,349
Lot
0.1378 acres, 6,001 square feet, Size: 6,001
Parking
4 open parking spaces, 4 totals parking, Assigned
Pool
None
Property
Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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