7,501 Sqft Lot
7,501 Sqft Lot
Open House
Sat Jul 25, 12:00pm - 4:00pm
Sun Jul 26, 12:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26157342
HOA Y/N No
Year Built 1924
Lot Size 7,501 Sqft
Property Sub-Type Quadruplex
Property Description
potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current
market rents from day one - maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive
passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental,
owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry
room, and dual staircases offering multiple income strategies. In the rear, two updated 1-bedroom units plus a studio provide additional revenue
streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated
parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers
added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate
leasing potential, strong rental fundamentals, and multiple paths to increase value. Strategically located in the heart of Los Angeles, just minutes
from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer
Exterior
Parking Features Controlled Entrance, Electric Gate
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Park, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5090032012
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
