Property listed by Hanbada Realty Inc., 'Amy'Mi Soon Kim 626-720-6676
$1,250,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
14
Last Updated
Property Type
Other
Beds
4
Square Ft.
4,540
Lot Size
0.17 Acres
Year Built
1913
MLS Number
25541981
30 Days Snapshot Of 90018
$997k
-18%
(avg) sold price
9
+80%
homes sold
153
+218%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Building
Built in 1913, Building area total: 4,540, Levels: Two, Living area: 4540, 2 stories, 1 building
Community
Gated
Expenses
Electric expense: $768, Gardener expense: $900, Insurance expense: $4,500, Maintenance expense: $1,800, New taxes expense: $14,875, Trash expense: $288, Water sewer expense: $4,692
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $93,240, Net operating income: $65,417
Lot
0.1722 acres, 7,502 square feet, Size: 7,502
Parking
4 totals parking, Assigned, Gated
Property
Zoning: LARD2
Security Features
GatedCommunity, SmokeDetectors
Tenant Pays
Electricity, TrashCollection
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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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