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The Warburton Team Brokered By EXp

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

$1,520,000

Est. payment - /mo

12 Beds

7 Baths

3,905 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,905 sqft

Price per Sqft $389

MLS Listing ID SR26187181

Bedrooms 12

Full Baths 6

HOA Y/N No

Year Built 1910

Lot Size 6,777 Sqft

Property Sub-Type Quadruplex

Property Description

GREAT 4-UNIT INVESTMENT & OWNER-OCCUPANT OPPORTUNITY! This well-maintained 4-plex offers an excellent opportunity for an investor or owner-occupant looking to live in the largest unit while generating rental income from the other three units. The property may qualify for residential financing, providing an attractive option for first-time multifamily investors.
The four units consist of: (A) 5 bedrooms + 3.25 baths; (B) 3 bedrooms + 1 bath; (C) 2 bedrooms + 1 bath; and (D) 2 bedrooms + 1 bath. The spacious 5-bedroom unit can be made available for a buyer-owner to occupy. The other three units are tenant-occupied, with current monthly rents of $2,000, $2,400, and $750, respectively.
Recent improvements include fresh interior and exterior paint and a new shared clothes washer and dryer for resident use. The property offers 5 on-site parking spaces, including 3 assigned spaces and 2 spaces available on a first-come, first-served basis. Each kitchen is equipped with a stove and refrigerator.
Conveniently located near USC, the property is well-positioned for the student rental market, offering potential for continued rental demand. According to the owner the property is believed to be in the USC Security Patrol area. For a first-time investor, this is an exceptional opportunity to acquire a multifamily property that provides immediate rental income while offering the flexibility to occupy a spacious unit—without the need to add an ADU. Prospective buyers must set appointments with their agent to show the property - buyers CAN NOT visit property and disturb tenants, directly. With the right lender, a buyer-investor may be able to acquire with an FHA loan and a down payment of 5% or less.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Rooms

Main Level Bedrooms 12

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Stacked

Exterior

Pool None

Community Features Curbs, Sidewalks

View Y/N No

View None

Private Pool No

Building

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5054034001

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, FHA 203(b), FHA, Fannie Mae

Listing Terms Cash, Cash to New Loan, Conventional, Contract, FHA 203(b), FHA, Fannie Mae

Special Listing Condition Standard

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Listed by Michael Green Michael Green Realty & Inv. 818-642-5843, DRE #00981395

NEARBY SCHOOL & BUSINESS

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1540 W 28th Los Angeles, CA 90007