$2,280,000

Estimated payment $14,627/month

Total Views 280
18 Beds
12 Baths
5,952 Sq Ft
$383 Price per Sq Ft

About This Home

No Rent Control (per zimars site on 8/25/23). $201,600 proforma yearly gross income as estimated. 1031 exchange or buy and use as primary. The standout feature of this property is its premium corner location, situated conveniently close to USC and the Stadium. Comprising of two distinct buildings on the lot, it offers a total of four units. Two of these units are generously sized five-bedroom layouts, while the remaining two units consist of comfortable four-bedroom layouts.

At present, all four units are fully occupied, which makes this property a fantastic investment opportunity. Whether you're seeking a place to call home for yourself or aiming to capitalize on the real estate market, this property is well-suited for both scenarios.
The interior boasts sleek laminated flooring, ensuring a contemporary and low-maintenance aesthetic. Additionally, each unit comes equipped with air conditioning, guaranteeing year-round comfort. The inclusion of dual-pane windows not only enhances energy efficiency but also contributes to a quieter and more peaceful living environment. One of the property's exceptional attributes is its south-facing orientation, which floods the interior spaces with ample natural light. This abundant brightness creates an inviting and vibrant atmosphere, ensuring that each unit feels welcoming and refreshing. In summary, this property's prime corner location, proximity to USC and the Stadium, multiple units with varying bedroom configurations, current full occupancy, modern features like laminated flooring. AC included with dual-pane windows for energy efficiency, and the sunlit interior due to its south-facing aspect make it a remarkable opportunity for both homeowners and investors alike. Figure for net operating income is just Gross Yearly income Proforma figure without any expenses taken out.

Listing Agent

Douglas Olsen

Olsen Realty Brokerage Phone: 949-533-0787 License #01928821 Listed on: 08/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,442

Year Built

  • Built in 2018

Lot Details

  • 5,953 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 5,952 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 5021016050
  • $640 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $201,600
  • Net Operating Income $201,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,442

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Price Per Unit: 570000
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5021016050
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 383.06

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5953.00
  • Lot Size Acres: 0.1367
  • Latitude Manual: 34.00616700

Multi Family

  • Gross Income: 201600.00
  • Gross Scheduled Income: 16800.00
  • Lot Size Area: 5953.0000 Square Feet
  • Net Operating Income: 201600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 177360.00

Tax Info

  • Tax Census Tract: 2316.01
  • Tax Lot: 20
  • TaxOtherAnnualAssessmentAmount: 640.00

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 $26,442 $2,187,288 $1,312,373 $874,915
2024 $26,442 $2,144,401 $1,286,641 $857,760
2023 $25,935 $2,102,355 $1,261,413 $840,942
2022 $24,737 $2,061,133 $1,236,680 $824,453
2021 $24,414 $2,020,720 $1,212,432 $808,288
2020 $24,662 $2,000,000 $1,200,000 $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $2,280,000 -- $383 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,000,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25183557

California Regional Multiple Listing Service (CRMLS)

APN: 5021-016-050