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… Read More 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. Read Less
Property listed by Compass, Nima Tehrany 323-593-6999
Listing Snapshot
Days Online
19
Last Updated
Property Type
Other
Beds
6
Square Ft.
4,380
Lot Size
0.13 Acres
Year Built
1924
MLS Number
25521311
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1924, Building area total: 4,380, Levels: Two, Living area: 4380, 2 stories, 1 building
Expenses
Gardener expense: $1,080, Insurance expense: $9,574, Maintenance expense: $3,075, New taxes expense: $18,688, Water sewer expense: $2,242
Floors
Tile, Wood
Income
Gross income: $83,244, Net operating income: $48,585
Lot
0.1336 acres, 5,821 square feet, Size: 5,821
Parking
4 open parking spaces, 8 totals parking
Property
Zoning: LARD2
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
