$900,000

Estimated payment $5,346/month

Total Views 429
8 Beds
4 Baths
3,092 Sq Ft
$291 Price per Sq Ft

Highlights

  • Gated Parking
  • No HOA
  • Neighborhood Views
  • Abraham Lincoln High School Rated A

About This Home

Investor opportunity in the heart of El Sereno! This four-unit multifamily property features four spacious 2-bedroom, 1-bath units totaling approximately 3,092 sq ft on a 5,048 sq ft lot. Built in 1964 and located near Cal State LA, Downtown LA, and the LA Bioscience Corridor, this value-add asset offers significant upside. Three units are tenant-occupied at $940/month (month-to-month), and one unit is currently vacant. Projected market rents are $1,800+/mo per unit. Property includes gated parking for 4 vehicles (carport), separate electric meters, and low owner-paid expenses. Cosmetic improvements could quickly increase income. Zoned LARD1.5 and subject to LA Rent Stabilization Ordinance (RSO). Do not disturb tenants. Do not disturb tenants. Drive by only. Vacant unit can be shown ONLY WITH SUBMITTED OFFER.

Listing Agent

Gary Wat

Keller Williams Realty Brokerage Phone: 626-236-2709 License #01968039 Listed on: 08/21/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,308

Year Built

  • Built in 1964

Lot Details

  • 5,048 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,092 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Gated Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 6900
  • Assessor Parcel Number 5216027014
  • $508 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
  • Insurance Expense $1,115
  • Operating Expense $19,135
  • Gross Income $33,840
  • Net Operating Income $14,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,308

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 225000
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5216027014
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 291.07

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5048.00
  • Lot Size Acres: 0.1159

Multi Family

  • Average1 Bed Area: 980 Square Feet
  • Average2 Bed Area: 980 Square Feet
  • Average3 Bed Area: 980 Square Feet
  • Average Studio Area: 980 Square Feet
  • Gross Income: 33840.00
  • Gross Scheduled Income: 33840.00
  • Insurance Expense: 1115.00
  • Lot Size Area: 5048.0000 Square Feet
  • Net Operating Income: 14705.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 19135.00
  • Rent Control: Yes
  • Total Expenses: 19135.00

Tax Info

  • Tax Census Tract: 2016.01
  • Tax Lot: 20
  • Tax Tract Number: 6900
  • TaxOtherAnnualAssessmentAmount: 508.00

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 $5,308 $408,022 $127,147 $280,875
2024 $5,308 $400,022 $124,654 $275,368
2023 $5,212 $392,179 $122,210 $269,969
2022 $4,982 $384,490 $119,814 $264,676
2021 $4,908 $376,952 $117,465 $259,487
2019 $4,768 $365,774 $113,982 $251,792
2018 $4,660 $358,603 $111,748 $246,855
2016 $4,429 $344,679 $107,409 $237,270
2015 $4,368 $339,502 $105,796 $233,706
2014 $4,407 $332,853 $103,724 $229,129
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $900,000 -- $291 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Security Union Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $125,000 No Value Available
Closed $100,000 Unknown
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25177809

California Regional Multiple Listing Service (CRMLS)

APN: 5216-027-014