$1,675,000
$75K PRICE DROP

Estimated payment $10,846/month

Total Views 2,164
12 Beds
8 Baths
4,712 Sq Ft
$355 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Landscaped

About This Home

We are proud to present a cash flowing 4 unit building north of the 10 freeway in Mid City / West Adams! Each unit is spacious and consists of 3 bedrooms and 2 baths. One 3 bedroom / 2 bath unit will be delivered VACANT and a buyer can immediately realize monthly rental income of $3,400 for that unit! Outstanding annual income of appx. $132,948, GRM of 12.6, and cap rate of 5.8% when vacant unit is rented! 3 of the 4 units have in-unit washer/dryers and there is also a community laundry room for tenants' convenience. Capital improvements include a new roof in 2017 and interior remodeling of 3 units (including the vacant unit) with new kitchens, bathrooms, and flooring. Separately metered for gas and electric and building includes 4 uncovered parking spaces in a back parking lot. Situated in a bustling and highly desired rental market, the building is centrally located minutes away from the LACMA, La Brea Tar Pits, Petersen Museum, and a short drive from Culver City, Beverly Hills, and Downtown LA.

Listing Agent

Anie Mayelian

Keller Williams Realty Calabasas Brokerage Phone: 818-915-9118 License #00778825 Listed on: 05/08/2025

Keller Williams Realty Calabasas

Co-Listing Agent

Aleen Mayelian

Keller Williams Realty Calabasas Brokerage Phone: 818-915-9118 License #02198281

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,104

Year Built

  • Built in 1965

Lot Details

  • 5,269 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Home Design

  • Quadruplex

Interior Spaces

  • 4,712 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 110
  • Tax Tract Number 4796
  • Assessor Parcel Number 5063007081
  • $637 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,040
  • Fuel Expense $1,130
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • New Taxes Expense $21,875
  • Operating Expense $32,246
  • Gross Income $1,329,548
  • Net Operating Income $96,713

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,104

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 5.80
  • Price Per Unit: 418750
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5063007081
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 355.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5269.00
  • Lot Size Acres: 0.1210

Multi Family

  • Electric Expense: 5040.00
  • Fuel Expense: 1130.00
  • Gross Income: 1329548.00
  • Gross Multiplier: 12.60
  • Gross Scheduled Income: 132948.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5269.0000 Square Feet
  • Net Operating Income: 96713.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 32246.00
  • Rent Control: Yes
  • Total Expenses: 32246.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21875.00
  • Tax Census Tract: 2184.00
  • Tax Lot: 110
  • Tax Tract Number: 4796
  • TaxOtherAnnualAssessmentAmount: 637.00

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 $20,104 $1,655,483 $1,024,065 $631,418
2024 $20,104 $1,623,024 $1,003,986 $619,038
2023 $19,721 $1,591,200 $984,300 $606,900
2022 $18,814 $1,560,000 $965,000 $595,000
2021 $19,960 $1,647,876 $952,244 $695,632
2020 $20,162 $1,630,980 $942,480 $688,500
2019 $19,365 $1,599,000 $924,000 $675,000
2018 $17,514 $1,425,000 $800,000 $625,000
2017 $1 $678,287 $517,777 $160,510
2016 $8,325 $664,988 $507,625 $157,363
2015 $8,207 $655,000 $500,000 $155,000
2014 -- $631,791 $368,545 $263,246
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $1,675,000 -4.3% $355 / Sq Ft
05/08/2025 05/08/25 For Sale $1,750,000 +12.2% $371 / Sq Ft
08/31/2021 08/31/21 Sold $1,560,000 -3.4% $331 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/03/2021 06/03/21 Price Changed $1,615,000 0.0% $343 / Sq Ft
06/03/2021 06/03/21 For Sale $1,615,000 -0.9% $343 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
03/23/2021 03/23/21 Price Changed $1,630,000 -1.2% $346 / Sq Ft
10/26/2020 10/26/20 Price Changed $1,650,000 -4.3% $350 / Sq Ft
10/19/2020 10/19/20 For Sale $1,725,000 +10.6% $366 / Sq Ft
10/19/2020 10/19/20 Off Market $1,560,000 -- --
10/06/2020 10/06/20 For Sale $1,725,000 +7.9% $366 / Sq Ft
09/18/2018 09/18/18 Sold $1,599,000 0.0% $339 / Sq Ft
05/01/2018 05/01/18 For Sale $1,599,000 +12.2% $339 / Sq Ft
12/29/2017 12/29/17 Sold $1,425,000 -0.3% $302 / Sq Ft
11/07/2017 11/07/17 Price Changed $1,430,000 -3.1% $303 / Sq Ft
10/24/2017 10/24/17 For Sale $1,475,000 +44.6% $313 / Sq Ft
05/26/2017 05/26/17 Sold $1,020,000 +7.6% $216 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $948,000 -- $201 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,560,000 Lawyers Title
Quit Claim Deed -- Lawyers Title Company
Grant Deed $1,599,000 Lawyers Title
Grant Deed $1,425,000 Provident Title
Grant Deed $1,020,000 First American Title Company
Grant Deed $81,500 First American Title Company
Grant Deed $65,000 None Available
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- Southland Title
Grant Deed -- None Available
Grant Deed -- --
Grant Deed $335,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,014,000 New Conventional
Previous Owner $947,000 New Conventional
Previous Owner $959,400 Adjustable Rate Mortgage/ARM
Previous Owner $1,068,750 Purchase Money Mortgage
Previous Owner $714,000 Commercial
Previous Owner $619,500 New Conventional
Previous Owner $544,000 Unknown
Previous Owner $284,750 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25102593

California Regional Multiple Listing Service (CRMLS)

APN: 5063-007-081