$1,200,000

Estimated payment $7,345/month

Total Views 170
8 Beds
4 Baths
4,206 Sq Ft
$285 Price per Sq Ft

About This Home

Don't miss this rare opportunity to own a large 4-unit apartment building in the heart of the West Adams District. This 4-unit property delivers immediate income with significant value-add opportunities. This property has four large spacious 2-bedroom, 1-bathroom units, three of the units even have formal dining rooms.
This property is in one of the most accessible and central areas of Los Angeles, minutes from USC and Downtown LA. This is a fantastic income-producing asset in a thriving neighborhood rich in culture, history, and rapid development. Whether you're a seasoned investor seeking stable returns with upside potential or a newcomer ready to enter the multifamily market, this quadruplex checks all the boxes.

Listing Agent

Rosa Barrera

Beautiful Homes Real Estate Brokerage Phone: 310-760-1642 License #01756009 Listed on: 07/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,372

Year Built

  • Built in 1947

Lot Details

  • 7,002 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,206 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 14302
  • Assessor Parcel Number 5051002018
  • $656 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,100
  • Maintenance Expense $2,900
  • Water Sewer Expense $2,800
  • Operating Expense $9,200
  • Gross Income $79,500
  • Net Operating Income $64,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,372

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 300000
  • Property Attached: No
  • Water Sewer Expenses: 2800.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5051002018
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: multiple
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 285.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7002.00
  • Lot Size Acres: 0.1607
  • Latitude Manual: 34.03154400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Gross Income: 79500.00
  • Gross Scheduled Income: 79500.00
  • Insurance Expense: 3100.00
  • Lot Size Area: 7002.0000 Square Feet
  • Maintenance Expense: 2900.00
  • Net Operating Income: 64600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 14900.00
  • Rent Control: Yes
  • Total Expenses: 9200.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 14302
  • TaxOtherAnnualAssessmentAmount: 656.13

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 $8,372 $650,458 $442,921 $207,537
2023 $8,221 $637,705 $434,237 $203,468
2022 $7,858 $625,202 $425,723 $199,479
2021 $7,739 $612,944 $417,376 $195,568
2020 $7,809 $606,660 $413,097 $193,563
2019 $7,515 $594,766 $404,998 $189,768
2018 $7,372 $583,105 $397,057 $186,048
2016 $7,015 $560,464 $381,640 $178,824
2015 $6,915 $552,046 $375,908 $176,138
2014 $6,962 $541,233 $368,545 $172,688
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $1,200,000 -- $285 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $514,000 Landsafe Title
Trustee Deed $742,457 Landsafe Title
Grant Deed $930,000 Commonwealth Land Title Co
Grant Deed -- None Available
Grant Deed $825,000 Provident Title Company
Interfamily Deed Transfer -- --
Gift Deed -- --
Interfamily Deed Transfer -- --
Grant Deed $225,000 --
Gift Deed -- Provident Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,243 Stand Alone Second
Previous Owner $496,845 FHA
Previous Owner $139,500 Credit Line Revolving
Previous Owner $697,500 Negative Amortization
Previous Owner $100,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $75,000 Unknown
Previous Owner $742,500 Purchase Money Mortgage
Previous Owner $268,000 Unknown
Previous Owner $193,000 Unknown
Previous Owner $45,000 Unknown
Previous Owner $180,000 No Value Available
Previous Owner $20,000 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25157650

California Regional Multiple Listing Service (CRMLS)

APN: 5051-002-018