$1,350,000

Estimated payment $8,818/month

Total Views 43
4 Beds
-- Bath
4,064 Sq Ft
$332 Price per Sq Ft

About This Home

Incredible 1914 Four-Unit Investment Property | Prime West Adams Area
A rare and exceptional investment opportunity in the highly sought-after HPOZ Adams-Normandie District. This expansive fourplex boasts over 4,000 square feet, with four oversized units—each approximately 1,000 sq ft—delivering strong rental appeal. Zoned LARD1.5 and separately metered, the property currently offers a total of 6 bedrooms and 4 bathrooms, with tremendous upside potential.

Plans are already approved to convert each unit into a 3-bedroom layout, dramatically increasing income potential. One unit will be delivered vacant, providing immediate owner-user or rental flexibility.

Ideally located near USC and with easy access to the 10 and 110 freeways, this is the best multi-residential value in the entire West Adams area.

Motivated seller—bring all offers! Whether you’re looking to renovate, reposition, or hold long-term, this is a strategic opportunity you won’t want to miss.

Listing Agent

Daron Campbell

LPT Realty, Inc Brokerage Phone: 818-521-0083 License #01150099 Listed on: 07/17/2025

LPT Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,082

Year Built

  • Built in 1914

Lot Details

  • 6,243 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4 Bedrooms
  • 4,064 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 2216
  • Assessor Parcel Number 5054004028
  • $953 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $4,500
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $9,200
  • Gross Income $7,400
  • Net Operating Income $62,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,082

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Other Phone Description: Daron
  • Other Phone Number: 8185210083
  • Price Per Unit: 225000
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5054004028
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 332.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6243.00
  • Lot Size Acres: 0.1433

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 7400.00
  • Gross Scheduled Income: 7400.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 6243.0000 Square Feet
  • Net Operating Income: 62000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 2100.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Expenses: 9200.00

Tax Info

  • Tax Census Tract: 2216.01
  • Tax Lot: 20
  • Tax Tract Number: 2216.0
  • TaxOtherAnnualAssessmentAmount: 953.00

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
2024 $16,082 $1,285,200 $856,800 $428,400
2023 $15,346 $1,224,000 $816,000 $408,000
2022 $14,644 $1,200,000 $800,000 $400,000
2021 $4,656 $343,241 $236,718 $106,523
2019 $4,527 $333,062 $229,698 $103,364
2018 $4,403 $326,533 $225,195 $101,338
2016 $4,176 $313,854 $216,451 $97,403
2015 $4,120 $309,140 $213,200 $95,940
2014 $4,160 $303,085 $209,024 $94,061
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $1,350,000 -- $332 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title
Gift Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Grant Deed -- Provident Title Company
Grant Deed $290,000 Fidelity National Title Co
Gift Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $245,000 New Conventional
Previous Owner $875,000 New Conventional
Previous Owner $505,000 New Conventional
Previous Owner $282,648 FHA
Previous Owner $40,000 Stand Alone Second
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25161008

California Regional Multiple Listing Service (CRMLS)

APN: 5054-004-028