$1,900,000
$201K PRICE INCREASE

Estimated payment $11,143/month

Total Views 2,010
11 Beds
8 Baths
4,278 Sq Ft
$444 Price per Sq Ft

Highlights

  • Newly Remodeled
  • Quartz Countertops
  • Double Pane Windows
  • Contemporary Architecture
  • 2 Car Direct Access Garage
  • 4-minute walk to Julian C. Dixon Park

About This Home

Turnkey Income Property | Fully Renovated Fourplex | Prime LA LocationIncredible opportunity to own a beautifully reimagined four-unit luxury residence just minutes from the LA Coliseum, USC, and Expo Park. Perfect for 1031 exchange buyers and savvy investors, this fully renovated property offers immediate cash flow, long-term upside, and timeless curb appeal in one of LA's most rapidly appreciating neighborhoods. Expertly restored by a seasoned contractor, each unit showcases modern, high-end finishes while preserving the classic charm of LA architecture. Highlights include stainless steel appliances, quartz countertops, in-unit laundry, wall A/C units, designer fixtures, and updated flooring throughout. The property is tenant-occupied and income-producing, ideal for buyers seeking a low-maintenance, stabilized asset with strong market rents. Gated for privacy and thoughtfully laid out to maximize comfort and functionality, these four units check all the boxes for long-term performance. Strategically located near major employment centers, cultural destinations, public transit, and future development zones, this is a rare chance to secure a premium income-generating property in a high-demand rental market. Shown by appointment only...please do not disturb tenants.

Listing Agent

Walter castillo

Coldwell Banker Realty License #01141632 Listed on: 07/01/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,484

Year Built

  • Built in 1924 | Newly Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • Gated Home

Parking

  • 2 Car Direct Access Garage
  • 8 Open Parking Spaces
  • 1 Carport Space
  • Auto Driveway Gate
  • Driveway
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Flat Tile Roof

Interior Spaces

  • 4,278 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Double Pane Windows
  • Laminate Flooring
  • Quartz Countertops
  • Laundry in unit

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5018-029-028

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,484

Year Built

Built in 1924 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Turnkey Income Property | Fully Renovated Fourplex | Prime LA LocationIncredible opportunity to own a beautifully reimagined four-unit luxury residence just minutes from the LA Coliseum, USC, and Expo Park. Perfect for 1031 exchange buyers and savvy investors, this fully renovated property offers immediate cash flow, long-term upside, and timeless curb appeal in one of LA's most rapidly appreciating neighborhoods. Expertly restored by a seasoned contractor, each unit showcases modern, high-end finishes while preserving the classic charm of LA architecture. Highlights include stainless steel appliances, quartz countertops, in-unit laundry, wall A/C units, designer fixtures, and updated flooring throughout.The property is tenant-occupied and income producing. ideal for buyers seeking a low-maintenance, stabilized asset with strong market rents.
  • Alley: No
  • Building Permit: Yes
  • Living Area: 4278
  • Lot Acreage: 0.1900
  • Probate: No
  • Property Condition: Updated/Remodeled, New Construction
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls
  • Flooring: Laminate
  • Appliances: Built-Ins
  • Bedrooms: 11
  • Kitchen Features: Quartz Counters, Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 444.13
  • Windows: Double Pane Windows

Exterior Features

  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Roof: Flat Tile
  • Spa Yn: No
  • View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 2
  • Other Spaces: 8
  • Covered Parking: 3
  • Garage Structures: 2
  • Parking Garage: Assigned, Direct Entrance, Driveway, Garage - 2 Car, Carport, Private, Private Garage, Driveway Gate
  • Total Parking: 11

Utilities

  • Water District: LADWP
  • Water Heater: Gas, Tankless
  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Security: Gated
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 29.43
  • Assessed Improvement Value: 223101
  • Assessed Land Percent: 70.57
  • Assessed Land Value: 534848
  • Total Assessed Value: 757949
  • Assessor Parcel Number: 5018-029-028
  • Lot Size Area: 8276

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.77
  • Number Of Units: 4
  • Total Annual Expense: 30499
  • Type Of Units: Income
  • 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 $9,484 $773,107 $545,544 $227,563
2024 $9,484 $757,949 $534,848 $223,101
2023 $9,342 $743,088 $524,361 $218,727
2022 $8,854 $728,519 $514,080 $214,439
2021 $8,811 $714,800 $504,565 $210,235
2020 $8,898 $707,472 $499,392 $208,080
2019 $8,553 $693,600 $489,600 $204,000
2018 $6,464 $510,836 $354,776 $156,060
2016 $3,898 $300,250 $235,493 $64,757
2015 $3,845 $295,741 $231,956 $63,785
2014 $3,880 $289,949 $227,413 $62,536
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $1,900,000 +11.8% $444 / Sq Ft
07/01/2025 07/01/25 For Sale $1,699,000 0.0% $397 / Sq Ft
12/16/2024 12/16/24 Rented $2,500 0.0% --
12/02/2024 12/02/24 For Rent $2,500 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $680,000 Corinthian Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Grant Deed $255,000 Security Union Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,196,000 New Conventional
Closed $668,000 New Conventional
Closed $544,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

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Source: The MLS

MLS Number: 25559443

The MLS

APN: 5018-029-028