$1,799,900

Estimated payment $11,041/month

Total Views 8,228
11 Beds
8 Baths
6,150 Sq Ft
$293 Price per Sq Ft

About This Home

Conveniently locaed in Mid-Wilshire, near Koreatown. Seize this rare opportunity to own a 4-unit property in the heart of Los Angeles! Perfectly positioned in a convenient location, these units are just minutes from local hotspots, dining, and public transportation, offering tenants both comfort and accessibility. With some units rented and some available to rent out, this is an ideal turnkey investment for any savvy buyer. Secure a steady rental income property in one of LA's most sought-after areas.

Listing Agent

Nancy Liu

ReMax Elite Realty Brokerage Phone: 626-688-9181 License #01022715 Listed on: 04/01/2025

ReMax Elite Realty

Co-Listing Agent

Jenny Liu

eXp Realty of Greater LA, Inc. Brokerage Phone: 626-688-9181 License #01348816

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,036

Year Built

  • Built in 1923

Lot Details

  • 7,196 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 6,150 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 41
  • Tax Tract Number 3125
  • Assessor Parcel Number 5520025012
  • $783 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Gardener Expense $1,440
  • Insurance Expense $1,945
  • Water Sewer Expense $1,800
  • Operating Expense $5,185
  • Gross Income $118,680
  • Net Operating Income $99,608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,036

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Price Per Unit: 449975
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5520025012
  • Year Built: 1923
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 292.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7196.00
  • Lot Size Acres: 0.1652

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 118680.00
  • Gross Scheduled Income: 118680.00
  • Insurance Expense: 1945.00
  • Lot Size Area: 7196.0000 Square Feet
  • Net Operating Income: 99608.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19072.00
  • Rent Control: Yes
  • Total Expenses: 5185.00

Tax Info

  • Tax Census Tract: 1926.20
  • Tax Lot: 41
  • Tax Tract Number: 3125
  • TaxOtherAnnualAssessmentAmount: 783.00

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 $15,036 $1,212,069 $908,733 $303,336
2024 $15,036 $1,188,304 $890,915 $297,389
2023 $14,756 $1,165,005 $873,447 $291,558
2022 $14,089 $1,142,163 $856,321 $285,842
2021 $13,887 $1,119,769 $839,531 $280,238
2019 $13,481 $1,086,558 $814,631 $271,927
2018 $13,333 $1,065,254 $798,658 $266,596
2016 $12,703 $1,023,892 $767,647 $256,245
2015 $12,521 $1,008,513 $756,117 $252,396
2014 $12,582 $988,758 $741,306 $247,452
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $1,799,900 0.0% $293 / Sq Ft
10/08/2024 10/08/24 Off Market $3,200 -- --
10/01/2024 10/01/24 For Rent $3,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $939,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,244,190 New Conventional
Closed $1,230,000 New Conventional
Closed $251,301 FHA
Previous Owner $921,992 FHA
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25071257

California Regional Multiple Listing Service (CRMLS)

APN: 5520-025-012