$1,495,000

Estimated payment $9,566/month

Total Views 17,321
6 Beds
4 Baths
4,380 Sq Ft
$341 Price per Sq Ft

Highlights

  • Wood Flooring
  • Fenced Yard
  • 8 Car Attached Garage

About This Home

Prime Mid-City Fourplex w/ Tremendous Value-Add Opportunity & Strong Upside Potential! Don't miss this exceptional opportunity to own a (4) unit multifamily investment property located in the heart of prime Mid-City, one of Los Angeles' most desirable and centrally located neighborhoods. This stunning property offers a total of 4,380sq.ft. situated on a 5,820sq.ft. lot. The unit mix includes two (2) 2-bedroom + 1-bathroom units and two (2) oversized 1-bedroom + 1-bathroom units, with good potential to be converted into 2-bedroom units due to their generous layouts and large square footage. Each unit boasts spacious floor plans averaging about 1,100sq.ft., providing comfortable and functional living spaces for tenants. Two (2) of the units have been extensively remodeled, featuring: Refinished hardwood oak flooring, Modern quartz countertops, Stainless steel appliances, Updated copper plumbing, Stylishly upgraded kitchens and bathrooms, New in-unit washer & dryers for added convenience. The remaining two (2) units offer value-add potential, allowing investors the opportunity to renovate, reposition, and maximize market rents, significantly increasing overall cash flow. Additional property highlights include: Current monthly gross income: $6,937/month. 4 large detached garages with excellent ADU potential to further enhance rental income. Quiet residential street with easy access to freeways, public transportation, shopping, and dining. Whether you're looking for a strong-performing asset or an opportunity to increase value through strategic renovations and development, this Mid-City fourplex checks all the boxes. Contact us today for more information.

Listing Agent

Nima Tehrany

Compass License #01305628 Listed on: 04/07/2025

Compass

Co-Listing Agent

James Baulding Jr.

Compass License #02146765

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,043

Year Built

  • Built in 1924

Lot Details

  • 5,821 Sq Ft Lot
  • Fenced Yard

Parking

  • 8 Car Attached Garage

Interior Spaces

  • 4,380 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Sewer in Street

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5072-007-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,043

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4380
  • Lot Acreage: 0.1336
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Hardwood, Tile
  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Refrigerator, Washer
  • Price Per S Q F T: 341.32

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Detached, Garage - 4+ Car, Garage Is Detached
  • Total Parking: 8

Utilities

  • Sewer: In Street
  • Water Expense: 2242.00

Fee Information

  • Insurance Expense: 9574.00
  • Maintenance Expense: 3075.00

Lot Info

  • Assessed Improvement Percent: 32.32
  • Assessed Improvement Value: 442170
  • Assessed Land Percent: 67.68
  • Assessed Land Value: 925956
  • Total Assessed Value: 1368126
  • Assessor Parcel Number: 5072-007-008
  • Lot Description: Fenced Yard
  • Lot Size Area: 5821

Rental Info

  • Total Actual Rent: 83244.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.96
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 34658
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 18688.00

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 $17,043 $1,395,488 $944,475 $451,013
2024 $17,043 $1,368,126 $925,956 $442,170
2023 $16,721 $1,341,300 $907,800 $433,500
2022 $15,956 $1,315,000 $890,000 $425,000
2021 $9,401 $749,462 $524,625 $224,837
2019 $9,128 $727,234 $509,065 $218,169
2018 $8,992 $712,976 $499,084 $213,892
2016 $8,567 $685,293 $479,705 $205,588
2015 $7,320 $580,534 $371,739 $208,795
2014 -- $437,906 $313,537 $124,369
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 For Sale $1,495,000 +13.7% $341 / Sq Ft
09/17/2021 09/17/21 Sold $1,315,000 -2.6% $300 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $1,350,000 +100.0% $308 / Sq Ft
05/27/2015 05/27/15 Sold $675,000 -28.9% $154 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
12/01/2014 12/01/14 For Sale $950,000 -- $217 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,316,000 North American Title Company
Interfamily Deed Transfer -- North American Title Company
Grant Deed $675,000 North American Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $419,000 North American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $933,000 New Conventional
Previous Owner $506,250 New Conventional
Previous Owner $413,432 FHA
Source: Public Records

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Source: The MLS

MLS Number: 25521311

The MLS

APN: 5072-007-008