
Los Angeles, California 90006
This 1923 quadruplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,250,000. While the property is currently priced above the $1,108,396 Fair Market Value, its strategic location near USC and Downtown Los Angeles ensures consistent rental demand. Featuring a Condition Rating of 5, the asset requires a full rehab, offering significant upside for Buy-and-Hold Investors and Value-Add Developers. With four 2-bedroom units, a detached 4-door garage, and a spacious courtyard, this historic property is a prime candidate for long-term wealth generation.
Historic 1923 quadruplex for sale in Pico-Union, Los Angeles. 4-unit multifamily asset near USC and Downtown LA. Value-add investment with 8 bedrooms total.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1409 Courtland Avenue Subject | $1,250,000* List Price | 0 | 0 | 4,590 | $241 | - |
A 1845 W 12th Active | $1,199,000 List Price | 0 | 0 | 4,258 | $282 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1923 quadruplex is over 100 years old with no record of recent renovations. Exterior images show significant deferred maintenance including peeling stucco and weathered wooden stairs, and the 'sold-as-is' status combined with the 'value-add' description indicates that the kitchens, baths, and systems likely require a full rehab.
Situated near USC and Downtown LA, the property is perfectly positioned to capture consistent demand from students, faculty, and urban professionals.
The quadruplex features four 2-bedroom units with separate gas and electric meters, optimizing rental income while reducing owner utility expenses.
The generous lot size, detached four-car garage, and historic 1923 character provide a strong foundation for appreciation through strategic renovations.
The property is sold in as-is condition, which likely necessitates immediate capital investment for repairs or deferred maintenance.
Built in 1923, the building may require significant updates to aging systems and structural elements to meet modern tenant expectations and building codes.
Welcome to a rare opportunity to own a classic 1923 four-unit quadruplex in the heart of historic Pico-Union. This well-proportioned multi-family residence offers approximately 4,590 square feet of living space with a total of eight bedrooms and four bathrooms, ideally configured for strong rental income or flexible owner-user potential. Each unit is 2 bed and 1 bath, each with their own gas and electric meter. Set on a generous 6,840-square-foot lot, perfect for parking. The property features a detached 4 door garage, great for additional storage, and spacious courtyard. Just west of Downtown Los Angeles and within easy reach of the University of Southern California’s University Park Campus, 1409 Courtland places tenants and residents at the center of one of the city’s most dynamic corridors. USC students, faculty, and staff create consistent rental demand, while Downtown’s employment centers, creative offices, and professional hubs are only minutes away. Entertainment and culture surround you: LA Live, Crypto Arena, the Convention Center, and Exposition Park’s museums and venues are all nearby. Excellent freeway access (I-10 and SR-110), strong walkability, and convenient transit further enhance everyday livability.The neighborhood itself adds lasting appeal. Nestled in the historic Pico-Union / Alvarado Terrace area. This property benefits from architectural character and a sense of place that newer construction simply cannot replicate. The combination of central location, multi-unit income potential, and historic integrity makes this a compelling long-term hold in a tightly held pocket of Los Angeles. Whether you are seeking a solid income-producing asset with proximity to USC and Downtown, or a property with room to add value through thoughtful updates, 1409 Courtland Avenue stands out. This is a classic Los Angeles quadruplex in a location that continues to attract strong demand. The property will be sold-as-is.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,590 | 2,187.451 |
| Lot Size | 6,840 | 5,841.385 |
| Price | $1.25M | $841.5K |
| Price per sq ft | $272 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 19 | 85 |
Aug 21, 2026
$1,250,000
Initial Listing