
Los Angeles, California 90004
This Value-Add Multi-Family Asset represents a High-Potential Investment Opportunity with a List Price of $1,200,000, matching its $1,200,000 Fair Market Value. Situated in the high-density Mid-Wilshire area, the property features four 2-bedroom units totaling over 5,500 square feet. While currently holding a Condition Rating of 4 due to its vintage 1922 infrastructure and dated interiors, the recent $200,000 price reduction offers a stabilized entry for forced appreciation. Its strategic location near DTLA ensures robust rental demand. This asset is perfectly suited for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 102 N Oxford Avenue Subject | $1,200,000* List Price | 0 | 0 | 5,517 | $218 | - |
A 328 N Mariposa Pending | $1,350,000 List Price | 0 | 0 | 5,782 | $233 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, the property is aged but appears maintained. The interiors feature dated kitchen cabinetry, older tile countertops, and vintage bathroom fixtures that show significant signs of being outdated. While functional and habitable, the property lacks modern renovations, featuring older wall heaters and basic appliances, fitting the criteria for a property requiring updates to meet current quality standards.
Situated minutes from Downtown Los Angeles in a vibrant, high-density neighborhood, the property benefits from exceptional rental demand and proximity to major employment hubs and transit.
The quadruplex features a uniform mix of four 2-bedroom, 1-bathroom units, which is a highly desirable layout for tenants and typically commands higher rental premiums than smaller unit types.
With over 5,500 square feet of living space, the property offers a substantial footprint and a competitive price-per-square-foot following the recent $200,000 price reduction.
Built in 1922, the property may require significant capital expenditures for modernizing aging systems, including plumbing, electrical, and potential seismic retrofitting required for older LA multi-family assets.
The property is currently 'Active Under Contract,' suggesting a competitive bidding environment and limited opportunity for new investors unless the current escrow fails to close.
Fantastic opportunity to add to your Real Estate portfolio. Property offers a total of 4 units each unit consisting of two 2 bedroom 1 bathroom. This property is now available for sale, offering a prime location just minutes from Downtown Los Angeles (DTLA). Situated in a vibrant neighborhood known for its lively nightlife, proximity to freeways, abundant shopping and dining options, this property is a standout choice for an investor or primary occupant seeking to capitalize on the city's bustling urban scene. With its strategic location and strong rental demand, this property promises both immediate and long-term returns. Don't miss this chance to own a piece of LA's dynamic real estate market!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,517 | 3,464 | 67% |
| Lot Size | 7,278 | 7,505 | 33% |
| Price | $1.20M | $1.10M | 67% |
| Price per sq ft | $218 | $296 | 33% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 201 | 201 | 67% |
Feb 18, 2026
$1,200,000
$1,400,000
-14% Price Drop
Initial Listing
Oct 3, 2025
$1,400,000
Initial Listing