$2,499,000

Estimated payment $16,264/month

Total Views 18,934
14 Beds
18 Baths
5,390 Sq Ft
$464 Price per Sq Ft

Highlights

  • Property is near a park
  • Laundry Room
  • 4-minute walk to Lemon Grove Recreation Center
  • STEM Academy at Bernstein High Rated A-

About This Home

Modern 4-Plex in Prime Hollywood | Seller Financing Available up to 50% or seller buy down of the interest rate to below 5%! Available! Exceptional investment opportunity in the heart of the Hollywood Studio District! Built in 2019, this well-maintained 4-plex features two side-by-side duplexes, each with two-story, townhome-style units. Each duplex offers one 4 bed / 4.5 bath unit and one 3 bed / 3.5 bath unit—every bedroom has an en-suite bath plus a guest powder room. Units are bright and spacious with abundant natural light, high-end finishes, stainless steel appliances, in-unit washer/dryers, and included refrigerators. Property also features 8 dedicated parking spaces and separate utility meters for each unit. Currently fully rented with an actual gross income of $188,472 and a strong 5.7% CAP rate. Located near Paramount, Netflix, Sunset Gower Studios, and minutes from Koreatown, Larchmont Village, Sunset & Vine, and top dining, shopping, and entertainment. Turnkey, high-yield asset with excellent rental history. Seller financing available—don’t miss this one!

Listing Agent

Jonathan Kim

Equity Union Brokerage Phone: 661-312-2215 License #01419100 Listed on: 05/22/2025

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,089

Year Built

  • Built in 2019

Lot Details

  • 7,314 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,390 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 18 Bathrooms

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 76
  • Tax Tract Number 67
  • Assessor Parcel Number 5535034012
  • $579 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,595
  • Maintenance Expense $3,875
  • New Taxes Expense $32,375
  • Operating Expense $41,045
  • Gross Income $188,472
  • Net Operating Income $147,427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,089

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.70
  • Price Per Unit: 624750
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5535034012
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 463.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 7314.00
  • Lot Size Acres: 0.1679

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 188472.00
  • Gross Multiplier: 13.70
  • Gross Operating Income: 188472.00
  • Gross Scheduled Income: 188472.00
  • Insurance Expense: 3595.00
  • Lot Size Area: 7314.0000 Square Feet
  • Maintenance Expense: 3875.00
  • Net Operating Income: 147427.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 41045.00
  • Rent Control: Yes
  • Total Expenses: 41045.00

Tax Info

  • New Taxes Expense: 32375.00
  • Tax Census Tract: 1916.10
  • Tax Lot: 76
  • Tax Tract Number: 67
  • TaxOtherAnnualAssessmentAmount: 579.00

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 $32,089 $2,679,430 $1,585,785 $1,093,645
2024 $32,089 $2,626,893 $1,554,692 $1,072,201
2023 $31,468 $2,575,386 $1,524,208 $1,051,178
2022 $30,002 $2,524,889 $1,494,322 $1,030,567
2021 $29,391 $2,475,382 $1,465,022 $1,010,360
2020 $10,702 $867,000 $693,600 $173,400
2019 $10,279 $850,000 $680,000 $170,000
2018 $1,120 $76,216 $45,003 $31,213
2016 $1,054 $73,257 $43,256 $30,001
2015 $1,041 $72,158 $42,607 $29,551
2014 $1,062 $70,746 $41,773 $28,973
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 For Sale $2,499,000 +2.0% $464 / Sq Ft
02/14/2020 02/14/20 Sold $2,450,000 -2.0% $464 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $2,499,000 +194.0% $473 / Sq Ft
09/12/2018 09/12/18 Sold $850,000 -7.1% $460 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
07/26/2018 07/26/18 Price Changed $915,000 -7.6% $495 / Sq Ft
06/18/2018 06/18/18 Price Changed $990,000 -2.5% $535 / Sq Ft
05/25/2018 05/25/18 Price Changed $1,015,000 -3.3% $549 / Sq Ft
05/17/2018 05/17/18 Price Changed $1,050,000 -4.1% $568 / Sq Ft
04/25/2018 04/25/18 For Sale $1,095,000 -- $592 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,450,000 Fidelity National Title Co
Grant Deed $850,000 Chicago Title Company
Warranty Deed -- Chicago Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Construction
Previous Owner $100,000 Construction
Previous Owner $300,000 Construction
Previous Owner $680,000 Commercial
Source: Public Records

About the Listing Agent

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25114587

California Regional Multiple Listing Service (CRMLS)

APN: 5535-034-012