7,004 Sqft Lot
7,004 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26193701
Construction Status Turnkey
HOA Y/N No
Year Built 2017
Lot Size 7,004 Sqft
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Excellent opportunity to acquire a 2017-built, non-rent-controlled fourplex in the high-demand Mid-City submarket of Los Angeles. The property offers newer construction, strong in-place rental income, separately metered utilities, and spacious floor plans, providing an attractive investment opportunity at a newly reduced price point.
The property features an attractive unit mix consisting of two 3-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and one 2-bedroom, 2-bath unit. Spacious layouts range from approximately 1,000 to 1,400 square feet, with the 4-bedroom unit offering the largest living space. The property totals approximately 5,263 square feet on a 7,000-square-foot lot, providing scale and strong rental appeal.
Each unit features:
* In-unit washer/dryer
* Stainless steel appliances
* HVAC
* Open floor plans with large bedrooms
* Separate utility metering
At approximately $428/SF, the new price provides investors with a competitive basis relative to replacement cost, while offering the benefits of an existing income-producing asset without the risks and timelines associated with new development.
Ideally located in the heart of Mid-City, the property offers convenient access to major employment centers, retail, dining, entertainment, and some of Los Angeles' most sought-after destinations, including the Arts District, Helms Bakery District, Cumulus, Culver City, Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, the Westside, and Downtown Los Angeles. Nearby employers and institutions include Apple, Amazon Studios, Sony Pictures, HBO, and Beats Electronics.
Residents also enjoy convenient access to grocery stores, gyms, coffee shops, restaurants, retail, and entertainment. The central location provides excellent connectivity throughout Los Angeles and contributes to strong rental appeal.
The property also presents an opportunity for owner-occupants, with the potential to live in one unit while generating rental income from the remaining units. Financing options may include FHA and conventional residential financing, subject to buyer and lender qualifications.
With private on-site parking, separately metered utilities, newer construction, and strong rental appeal, this fourplex offers an attractive opportunity for investors and owner-occupants alike.
**NEW PRICE: $2,250,000**
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features Open Floorplan, All Bedrooms Down, Bedroom on Main Level, Primary Suite
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Gated
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View City Lights
Accessibility None
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Near Public Transit
Story 2
Entry Level Two
Foundation Slab
Sewer Unknown
Water Public
Architectural Style Contemporary, Traditional
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5067009053
Security Features Security Gate,Gated Community
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/2fd9ac1f-bd2d-4ece-bb5f-e015ab790d90?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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