Good income property with four one bedroom units. Earns over $3,100/month when fully-occupied. Located in El Serreno, near Chinatown, Downtown & USC Medical Center. Long-term tenants in the 2 units in the front house. 4615 is paying $795/month and 4615 1/2 is paying $687/month. The back duplex tenant is paying $800. 4th unit was paying $825 (recently vacated). Rents were increased 3% in July 2013. Insurance expense includes earthquake insurance. Maintenance varies, so is not quoted.Per tax records, front house (4615) was built in 1905 and back building (4611) was built in 1940. All units are one bedroom and one bath. Property has been used as a fourplex for many years and registered and inspected by LA Rent Control as such. Some city records show triplex, so buyer to verify use and rebuild options. Offers Subject To Inspection please, so as not to disturb the tenants.
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