$1,350,000
$49K PRICE DROP

Estimated payment $8,413/month

Total Views 1,224
5 Beds
4 Baths
3,786 Sq Ft
$357 Price per Sq Ft

Highlights

  • Garage
  • Open Patio
  • Laundry Room
  • Cooling System Mounted In Outer Wall Opening
  • Recessed Lighting
  • 4-minute walk to Richardson Family Park

About This Home

Remodeled and Well-Maintained 4-Unit Investment by USC. This charming Spanish-style fourplex sits on a spacious corner lot in the desirable University Park submarket. Each unit is a generously sized 1-bedroom, 1-bath layout featuring a bright and large living and dining room and an in-unit washer/dryer. Upgrades include copper plumbing, electrical outlets, A/C built-in wall units and LED recessed lighting. Tenants are reliable, responsible and long-term tenants. The property includes a large, fenced yard with an electric entry gate and four individual garages, with above-car storage in each garage. All units are separately metered for gas and electricity; the owner pays for water. Ideally located just south of Adams Boulevard and west of Vermont Avenue, within walking distance to the USC campus and just 23 blocks from the Expo Line. Convenient to Downtown LA, LA Live, Crypto.com Arena (formerly Staples Center), and other vibrant local amenities.

Listing Agent

Elizabeth Layne

Estate Properties License #01415795 Listed on: 08/08/2025

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,642

Year Built

  • Built in 1922

Parking

  • Garage

Interior Spaces

  • 3,786 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Additional Features

  • Open Patio
  • 6,623 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5054-010-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,642

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3786
  • Lot Acreage: 0.1520
  • Year Built: 1922
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Free Standing Gas
  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit, Inside, Laundry Area, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Washer, Stackable W/D Hookup, Refrigerator, Range/Oven
  • Price Per S Q F T: 356.58

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Private, Private Garage, Garage - 4+ Car, Garage Is Detached

Utilities

  • Cooling: Wall Unit(s), Wall/Window, Window Unit(s), Electric
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 36.53
  • Assessed Improvement Value: 428879
  • Assessed Land Percent: 63.47
  • Assessed Land Value: 745179
  • Total Assessed Value: 1174058
  • Assessor Parcel Number: 5054-010-013
  • Lot Size Area: 6623

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.67
  • Number Of Units: 4
  • Total Annual Expense: 25892.76
  • Type Of Units: Rentals
  • Vacancy Rate: 0

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 $14,642 $1,197,538 $760,082 $437,456
2024 $14,642 $1,174,058 $745,179 $428,879
2023 $14,366 $1,151,038 $730,568 $420,470
2022 $13,710 $1,128,470 $716,244 $412,226
2021 $13,527 $1,106,344 $702,200 $404,144
2020 $13,663 $1,095,000 $695,000 $400,000
2019 $7,812 $326,877 $182,351 $144,526
2018 $4,291 $320,469 $178,776 $141,693
2016 $4,073 $308,027 $171,835 $136,192
2015 $4,018 $303,401 $169,254 $134,147
2014 $4,059 $297,459 $165,939 $131,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $1,350,000 0.0% $357 / Sq Ft
08/08/2025 08/08/25 For Sale $1,350,000 -3.5% $357 / Sq Ft
07/21/2025 07/21/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $1,399,000 +27.8% $370 / Sq Ft
08/06/2019 08/06/19 Sold $1,095,000 -4.7% $289 / Sq Ft
07/15/2019 07/15/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $1,149,000 -- $303 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- First American Title Co
Grant Deed $1,095,000 First American Title Company
Trustee Deed $980,000 First American Title
Interfamily Deed Transfer -- Landsafe Title Of Ca Inc
Interfamily Deed Transfer -- Fidelity National Financial
Quit Claim Deed -- --
Grant Deed -- --
Quit Claim Deed -- --
Grant Deed $242,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $522,000 New Conventional
Previous Owner $70,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $455,000 Stand Alone First
Previous Owner $50,000 Credit Line Revolving
Previous Owner $280,800 Stand Alone First
Previous Owner $264,000 Unknown
Previous Owner $222,334 FHA
Previous Owner $223,160 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 25554619

The MLS

APN: 5054-010-013