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The Warburton Team Brokered By EXp

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

$1,225,000

Est. payment - /mo

4,098 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 PW26196197

HOA Y/N No

Year Built 1985

Lot Size 4,098 Sqft

Property Sub-Type Quadruplex

Property Description

Four large 2-bedroom, 1-bathroom units in a 1985 built building, the kind of floor plan that keeps tenants in place for decades and rarely comes to market in this pocket of Los Angeles. One unit is delivered vacant and fully remodeled, giving an owner-occupant the option to move in immediately or an investor the ability to reset that unit to full market rent on day one. Because the property was built in 1985, it is exempt from the Los Angeles Rent Stabilization Ordinance. Rents are governed instead by the state's Tenant Protection Act, which currently permits annual increases of up to 8.7% in the Los Angeles metro area (subject to annual adjustment), nearly three times what an RSO building allows. In-place rents are already strong, but every occupied unit still sits below the vacant unit's market rate, so the next owner inherits both durable current income and a clear, legal path to raise it. The building is turnkey. New roof, well maintained, and off-street parking already in place for tenants with room to add more. Offered at a 9.91 GRM on current income, or roughly 8.77 GRM once all four units reach market. Directly across from Trinity Park and minutes from USC, Downtown, and the 110, the location draws from one of the deepest and most consistent tenant pools in the city.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5127013021

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Matias Stofenmacher Edgestone Real Estate, Inc. 818-464-5707, DRE #01705003

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427 E 25th ST Los Angeles, CA 90011