$1,599,950

Estimated payment $9,717/month

Total Views 167
8 Beds
4 Baths
3,254 Sq Ft
$492 Price per Sq Ft

Highlights

  • Gated Parking
  • No HOA
  • Living Room
  • Furnished
  • Double Pane Windows
  • Laundry Room

About This Home

Seller did a great job rehabbing this beautifully 4-units back to life. All the units were upgraded with new appliance's in each unit, washer & dryer, refrigerator, range and each unit is furnished, ready for student housing. This property has a good size lot, that can have 2 large ADU's in the back and the best thing is the seller did all the work for the new buyer, by getting permits to build 2 ADU's. Plus the seller was able to get clearance on Methane, Flood zone, Height limit and Surveyors confirm that will save the buyer 2 years of working and time. The sale of the property includes the plans & design for the ADU's and permits to build. The property is very close to USC, the Coliseum, Exposition Park and the Museums, also easy access to Metro, bus lines and downtown LA. Do not walk or drive on to the property with out an agent or calling the listing agent first for instructions on how to access the property.

Listing Agent

David Belasco

Century 21 Masters Brokerage Phone: 562-777-4160 License #00939551 Listed on: 08/21/2025

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,989

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 6,793 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • No Landscaping
  • Back and Front Yard

Home Design

  • Quadruplex
  • Interior Block Wall
  • Composition Roof

Interior Spaces

  • 3,254 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Double Pane Windows
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Parking Available
  • Shared Driveway
  • Gated Parking
  • Paved Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 5 / 6
  • Tax Tract Number 222
  • Assessor Parcel Number 5040004006
  • $551 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $658
  • Insurance Expense $5,895
  • Trash Expense $1,920
  • Water Sewer Expense $3,856
  • Operating Expense $9,707
  • Gross Income $117,600
  • Net Operating Income $8,991

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,989

Year Built

Built in 1945 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 6.75
  • Inclusions: all new appliances, washer & dryer in each unit, the furniture in each unit. The plans & design for 2 ADU,s and permits to build in the back of property
  • Price Per Unit: 399988
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3856.00
  • Zoning: LAR4
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5040004006
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Furnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 491.69
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Gated, Shared Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, No Landscaping
  • Lot Size Sq Ft: 6793.00
  • Lot Size Acres: 0.1559

Rental Info

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

Multi Family

  • Electric Expense: 658.00
  • Gross Income: 117600.00
  • Gross Multiplier: 13.60
  • Gross Scheduled Income: 9800.00
  • Insurance Expense: 5895.00
  • Lot Size Area: 6793.0000 Square Feet
  • Net Operating Income: 8991.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 809.00
  • Rent Control: Yes
  • Total Expenses: 9707.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 2226.00
  • Tax Lot: 5
  • Tax Tract Number: 222...
  • TaxOtherAnnualAssessmentAmount: 551.00

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 $11,989 $972,774 $535,806 $436,968
2024 $11,989 $953,700 $525,300 $428,400
2023 $3,927 $281,448 $159,490 $121,958
2022 $3,764 $275,930 $156,363 $119,567
2021 $3,700 $270,521 $153,298 $117,223
2019 $3,600 $262,500 $148,752 $113,748
2018 $3,495 $257,354 $145,836 $111,518
2016 $3,316 $247,363 $140,174 $107,189
2015 $3,272 $243,648 $138,069 $105,579
2014 $3,312 $238,876 $135,365 $103,511
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $1,599,950 +71.1% $492 / Sq Ft
06/07/2023 06/07/23 Sold $935,000 -30.0% $287 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
11/21/2022 11/21/22 For Sale $1,335,000 -- $410 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $935,000 California Title Company
Interfamily Deed Transfer -- California Title Company
Warranty Deed -- California Title Company
Warranty Deed -- California Title Company
Warranty Deed -- California Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25189101

California Regional Multiple Listing Service (CRMLS)

APN: 5040-004-006