$1,485,000
NEW CONSTRUCTION

Estimated payment $8,526/month

Total Views 8,228
10 Beds
6 Baths
3,232 Sq Ft
$459 Price per Sq Ft

Highlights

  • New Construction
  • No HOA
  • Central Heating and Cooling System
  • Solar Power System
  • Laundry Room
  • 1-Story Property

About This Home

Unlock the potential of this 4-unit income property located in the heart of Los Angeles, just minutes from USC, Downtown LA, and the iconic Crypto.com Arena. This turn-key investment combines modern brand new construction 2025 with classic remodeled charm and long-term value.
All four units will be available, allowing new ownership the flexibility to select tenants and optimize rental income from day one. With a cap rate of 9.21% and a gross rent multiplier (GRM) of 9.82, this asset presents compelling returns and long-term appreciation in a high-demand rental market.
This property is one of three 4-unit investment properties in the same area available in the portfolio—offering a great opportunity for buyers looking to invest in an individual or multiple income-generating assets.
The rear structure is a newly built 2025 duplex, offering two 3-bedroom, 2-bathroom units, each measuring 912 square feet. These modern units have vinyl plank flooring, energy efficient dual-pane windows, tankless water heaters, and in-unit laundry and fully paid off solar panels, which significantly reduce utility and maintenance expenses.
The 1923 duplex is remodeled to combine vintage character with modern convenience. Each of these two units offers 2 bedrooms and 1 bathroom in 704 square feet. Recent renovations include updated flooring, copper plumbing and new electrical. All four units are individually metered for gas and electricity,
Whether you're focused on building equity, generating passive income, or expanding your real estate portfolio in a high-growth market, this fourplex checks all the boxes for a high-performing investment in a rapidly developing area of Los Angeles.

Listing Agent

Brenda Hailey

eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 310-266-9890 License #02123620 Listed on: 07/29/2025

eXp Realty of Greater Los Angeles, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,737

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 5,625 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,232 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Driveway

Eco-Friendly Details

  • Solar Power System

Utilities

  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 16
  • Assessor Parcel Number 6004031031
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,100
  • Maintenance Expense $4,000
  • Other Expense $7,737
  • Professional Management Expense $7,333
  • Water Sewer Expense $3,600
  • Operating Expense $24,770
  • Gross Income $121,893
  • Net Operating Income $121,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,737

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • CapRate: 8.21
  • Price Per Unit: 371250
  • Professional Management Expense: 7333.00
  • Property Attached: Yes
  • Subdivision Name Other: Burke Bros Addition
  • Water Sewer Expenses: 3600.00
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6004031031
  • Year Built: 2025
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 459.47
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Gas Range
  • Electric: Standard
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5625.00
  • Lot Size Acres: 0.1291

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 9.82
  • Gross Operating Income: 121893.00
  • Gross Scheduled Income: 151200.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 5625.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 121893.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 2
  • Number With Range: 4
  • Operating Expense: 24770.00
  • Other Expense: 7737.00
  • Other Expense Description: Prop Tax
  • Rent Control: Yes
  • Total Expenses: 24770.00
  • Vacancy Allowance: 4536
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 16

Map

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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 $7,737 $629,442 $520,200 $109,242
2024 $7,737 $617,100 $510,000 $107,100
2023 $7,594 $605,000 $500,000 $105,000
2022 $3,643 $283,702 $229,378 $54,324
2021 $3,592 $278,140 $224,881 $53,259
2019 $3,490 $269,892 $218,212 $51,680
2018 $3,381 $264,601 $213,934 $50,667
2016 $3,227 $254,328 $205,628 $48,700
2015 $3,182 $250,509 $202,540 $47,969
2014 $3,206 $245,603 $198,573 $47,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 For Sale $1,485,000 +145.5% $459 / Sq Ft
08/29/2022 08/29/22 Sold $605,000 +0.8% $430 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $600,000 -- $426 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Fidelity - Sherman Oaks
Grant Deed -- --
Deed -- New Title Company Name
Grant Deed $605,000 New Title Company Name
Grant Deed $235,000 Lawyers Title
Grant Deed $195,000 Orange Coast Title Lender Se
Trustee Deed $450,500 Accommodation
Grant Deed $550,000 Lawyers Title
Grant Deed $373,000 Investors Title Company
Grant Deed $132,000 --
Grant Deed -- --
Interfamily Deed Transfer -- --
Trustee Deed $69,976 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $542,500 New Conventional
Previous Owner $484,000 New Conventional
Previous Owner $229,042 FHA
Previous Owner $440,000 Balloon
Previous Owner $384,000 Fannie Mae Freddie Mac
Previous Owner $96,000 Stand Alone Second
Previous Owner $298,400 Purchase Money Mortgage
Previous Owner $226,500 Unknown
Previous Owner $189,000 Unknown
Previous Owner $25,000 Unknown
Previous Owner $128,374 FHA
Closed $74,600 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB25170048

California Regional Multiple Listing Service (CRMLS)

APN: 6004-031-031