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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,850,000

Est. payment - /mo

6,638 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26085689

HOA Y/N No

Year Built 1921

Lot Size 6,638 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional 4-unit investment opportunity in one of Los Angeles' most desirable rental pockets, ideally located just minutes from Hancock Park, Windsor Square, and Larchmont Village. Situated in a highly sought-after neighborhood with strong and consistent tenant demand, this property offers an attractive combination of stable current income and significant upside potential.

The property consists of four spacious 3-bedroom units, including one 3-bedroom, 2.5-bath unit and three 3-bedroom, 2-bath units—an excellent unit mix that appeals to families and long-term tenants. Current rents provide immediate cash flow, while below-market leases offer investors the opportunity to increase income over time.

Offered at $1,850,000, the property is projected to achieve approximately a 5.5% pro forma cap rate, making it a compelling value-add opportunity in a high-demand Los Angeles location. Conveniently located near Wilshire Country Club, Koreatown, Downtown LA, Hollywood, and major transportation corridors.

A rare chance to acquire a well-located multifamily asset with large units, strong rental demand, and meaningful upside in one of Los Angeles' most established and appreciating neighborhoods.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Inside

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Sidewalks, Urban

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View City Lights

Total Parking Spaces 8

Private Pool No

Building

Lot Description Level, Paved, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5516025024

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Annie Lee Premier Realty annie.lee@baikhome.com, DRE #01968283

NEARBY SCHOOL & BUSINESS

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139 S Manhattan Los Angeles, CA 90004