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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,495,000

Est. payment - /mo

7 Beds

4 Baths

3,296 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,296 sqft

Price per Sqft $453

MLS Listing ID 25559233

Bedrooms 7

HOA Y/N No

Year Built 1971

Lot Size 5,736 Sqft

Property Description

Prime Fourplex nestled in the heart of thriving Mid-City, this well-maintained fourplex consists of two two-story apartment buildings totaling approximately 3,296 square feet. Built in 1963, the property offers an ideal unit mix of three spacious two-bedroom units and one one-bedroom unit all featuring in-unit laundry for added tenant convenience.With separate gas and electric meters for each unit, the property allows for simplified management and lower operating costs. A total of eight parking spaces four in the front and four in the rear provide valuable off-street parking, a rare amenity in this high-demand neighborhood.Mid-City is known for its rich architectural character and central location, offering seamless access to major corridors including the 10 Freeway. The neighborhood continues to see year-over-year growth in rental demand, making this an excellent opportunity for investors or owner-users seeking long-term upside.Recent upgrades include a newer roof on the rear structure (completed just 1.5 years ago), and interior renovations to Unit #3. Whether you're expanding your portfolio or searching for a value-add asset with strong fundamentals, this Mid-City fourplex checks all the boxes.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Cooling None

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Driveway

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5063018015

Special Listing Condition Standard

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Listed by Aaron Mejia Christie's International Real Estate SoCal

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2037 S Burnside AVE Los Angeles, CA 90016