Positioned in the heart of Mid City Los Angeles, this gated two story 4 plex presents an attractive opportunity for investors seeking both immediate rental income and long-term flexibility.The property features four separate units two 2 bedroom units and two 1 bedroom units each offering a functional layout with living space, kitchen, and bedrooms. On site parking and a fully gated configuration add convenience and security for residents. Location is a major advantage. The property is minutes from SoFi Stadium, Intuit Dome, LA Live, the Los Angeles Memorial Coliseum, and BMO Stadium, while USC is approximately 4 miles away and LAX is about 10 miles east. With easy access to some of Los Angeles' most prominent destinations, the property is positioned in an active residential market with strong connectivity. For investors, the property offers an approximate 6.55% cap rate, creating an opportunity to acquire an income producing multifamily asset in a highly desirable Los Angeles location. Adding another layer of potential, the property offers mixed use possibilities, with space that may provide an opportunity for commercial use on the ground level and residential living above, subject to applicable zoning and local regulations. This flexibility could appeal to investors looking to diversify income streams or owners interested in combining business and residential use.
181 days
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146
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6
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Zillow last checked:
Listing updated:
Listed by:
Jasmine BonnellDRE #02079082818-277-8334,
Pinnacle Estate Properties, Inc.
Source: CRMLS,MLS#: SR26178656Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 6
Cooling
Central Air
Appliances
Laundry: None
Features
Flooring: Laminate
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 2,960
Total interior livable area: 2,960 sqft
Property
Parking
Total spaces: 4
Uncovered spaces: 4
Features
Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Lot
Size: 5,200 Square Feet
Features: 0-1 Unit/Acre
Details
Parcel number: 6018008023
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Foundation: Slab
Condition
New construction: No
Year built: 1932
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected