$1,100,000

Estimated payment $6,264/month

Total Views 12,052
8 Beds
4 Baths
2,970 Sq Ft
$370 Price per Sq Ft

Highlights

  • Park
  • Bungalow
  • Wall Furnace
  • Laundry Room
  • Tile Flooring
  • 1-Story Property

About This Home

Rare South Bay Investment Opportunity – Huge Lot with Major Upside

Unlock the full potential of this rare 4-unit income property located on a massive lot in a prime South Bay location. With LA1.5 zoning and a proven neighborhood precedent for higher-density development, this is an exceptional opportunity for investors, developers, or savvy owner-users.

Each of the four existing units features 2 bedrooms, private laundry hookups, and a functional layout ideal for steady rental income or future repositioning.

What truly sets this property apart is the redevelopment potential—the lot next door to the west has 9 units, the one just beyond that boasts 12 units, and a 5-unit townhouse development sits two doors down (all with the same lot size). The possibilities here are substantial for anyone looking to maximize density and value.

Centrally located with easy access to the freeway, local beaches, a nearby hospital, and walking distance to the park, the location offers strong appeal for tenants and future buyers alike.

Whether you're buying and holding, house hacking, or planning a ground-up development, this property offers the size, zoning, and surrounding comps to support a serious upside.

Opportunities like this don’t come around often—seize it while you can.

Listing Agent

George Wang

Harvest Realtors, Inc. Brokerage Phone: 310-347-1300 License #01751924 Listed on: 04/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,833

Year Built

  • Built in 1965

Lot Details

  • 7,606 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Home Design

  • Bungalow
  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2,970 Sq Ft Home
  • 1-Story Property
  • Carbon Monoxide Detectors
  • Laundry Room

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 11 / 13
  • Tax Tract Number 1589
  • Assessor Parcel Number 7410026069
  • $981 per year additional tax assessments

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $3,820
  • New Taxes Expense $12,000
  • Operating Expense $18,620
  • Gross Income $58,200
  • Net Operating Income $39,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,833

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Price Per Unit: 275000
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 3820.00
  • Zoning: LARD1.5
  • Architectural Style: Bungalow
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7410026069
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 370.37
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 7606.00
  • Lot Size Acres: 0.1746

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 58200.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7606.0000 Square Feet
  • Net Operating Income: 39580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18620.00
  • Rent Control: Yes
  • Total Expenses: 18620.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: 13
  • Tax Census Tract: 2933.02
  • Tax Lot: 11
  • Tax Tract Number: 1589
  • TaxOtherAnnualAssessmentAmount: 981.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,833 $326,668 $143,467 $183,201
2024 $4,833 $320,263 $140,654 $179,609
2023 $4,747 $313,985 $137,897 $176,088
2022 $4,552 $307,830 $135,194 $172,636
2021 $4,479 $301,795 $132,544 $169,251
2019 $4,357 $292,845 $128,613 $164,232
2018 $4,229 $287,104 $126,092 $161,012
2016 $4,017 $275,957 $121,197 $154,760
2015 $3,956 $271,813 $119,377 $152,436
2014 $3,982 $266,489 $117,039 $149,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2025 04/06/25 For Sale $1,100,000 -- $370 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25075087

California Regional Multiple Listing Service (CRMLS)

APN: 7410-026-069