Property listed by Sotheby's International Realty, Mathew Bahri 310-481-6262
$1,129,000
Calling All Investors! Rare opportunity to acquire a fully occupied fourplex on a beautiful treelined Street, in one of Los Angeles' most established and steadily appreciating neighborhoods. This well-maintained income property features four spacious 2-bedroom, 1-bath residences, each exceeding 1,300+ square feet, a unit size rarely found in today's multifamily… Read More market and a significant advantage for long-term tenant retention. All Units with the original Hardwood floors. Full of irreplaceable Period Character. Three of the four units have been upgraded, and ownership has completed several important capital improvements, including updated plumbing, upgraded electrical panel, and updated windows. Each unit is separately metered, allowing for efficient utility management, and laundry in each unit provides an attractive amenity for residents. Situated on an R3-zoned lot (buyer to verify). Ideally located in the heart of Leimert Park, the property offers convenient access to neighborhood restaurants, shopping, parks, public transportation, the Metro K and E Lines, and the Crenshaw/LAX Transit Corridor, with easy access to Culver City, USC, Exposition Park, Downtown Los Angeles, and connectivity to major employment centers. Whether you're completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a long-term appreciation investment, this property offers a compelling combination of location, income, and future potential. Listing Agents have not viewed Interior of units. Please Do Not Disturb Tenants. Interior Shown with Accepted Offer Only. Prefer All CASH Offers. Call for Details. Read Less
Listing Snapshot
Days Online
17
Last Updated
Beds
8
3/4 Baths
4
Square Ft.
5,396
Lot Size
0.13 Acres
Year Built
1928
MLS Number
26862873
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1928, Living area: 5396.0, 1 building, 2 stories, Levels: Two
Cooling
WallWindowUnits
Disclosures
RentControl
Floors
Wood
Heating
WallFurnace
Income
Gross Income: $75,349, Net Operating Income: $28,089
Interior Features
CeilingFans
Lot
0.1263 acres
Parking
4 total parking spaces, Assigned
Taxes
Parcel Number: 5023015028, Zoning: LAR3
Tenant Pays
Electricity, Gas, 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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