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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,250,000

Est. payment - /mo

4 Beds

4 Baths

4,540 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,540 sqft

Price per Sqft $275

MLS Listing ID 25541981

Bedrooms 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1913

Lot Size 7,501 Sqft

Property Description

Discover this well-maintained 4-unit apartment building situated in one of Los Angeles' strong rental markets. Spanning approximately 4,540 sq.ft. across two stories, the property offers four oversized 1-bedroom, 1-bath units each around 1,130 sq.ft. providing significantly more living space than typical one-bedroom units in the area. Three of the four units have been tastefully renovated and are in excellent condition. The owner-occupied ground-floor unit will be delivered vacant at closing, allowing flexibility for an owner-user or added rental income. The current rental income from the three occupied units totals $5,570/month, with market rent projections of approximately $2,200/month per unit. At full occupancy, the estimated gross monthly income is $7,770 delivering a solid 5.23% CAP Rate. Located in a highly desirable and rentable neighborhood, the property benefits from strong tenant demand and minimal vacancy. A gated parking lot adds both security and convenience, enhancing tenant appeal and supporting stable rental performance.With spacious interiors, secure parking, and immediate income potential, this property is ideal for investors seeking reliable cash flow, long-term appreciation, and minimal management hassle. Don't miss out on this clean, stabilized 4-unit with upside potential and dependable returns.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Gated

Community Features Gated

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5060018016

Security Features Gated Community,Smoke Detector(s)

Special Listing Condition Standard

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Listed by 'Amy'Mi Soon Kim • Hanbada Realty Inc.

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2030 S 8th AVE Los Angeles, CA 90018