
Los Angeles, California 90003
This Strategic Residential Income Quadruplex is a Strong Value Opportunity, listed at $899,999, which is positioned exactly at its $899,999 Fair Market Value. Boasting a Good Condition Rating, the property features a renovated front residence with modern white shaker cabinets and stainless steel appliances, offering the privacy of a single-family home. With three additional units occupied by long-term tenants, the asset ensures immediate stability and rental demand in the Los Angeles Unified district. This is a premier choice for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a secure, multi-unit asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 154 E 82nd Place Subject 8 bd · 4 ba · 2,894 sqft · $294 | $850,000* List Price | 8 | 4 | 2,894 | $294 | - |
A 431 W 81st St Sold 7 bd · 3 ba · 2,539 sqft · $362 · 0.6 mi | $920,000 | 7 | 3 | 2,539 | $362 | 0.6 mi |
B 213 E 87th Pl Sold 0 bd · 0 ba · 2,723 sqft · $271 · 0.4 mi | $739,000 | 0 | 0 | 2,723 | $271 | 0.4 mi |
C 239 E 85th Sold 0 bd · 0 ba · 3,631 sqft · $275 · 0.2 mi | $1,000,000 | 0 | 0 | 3,631 | $275 | 0.2 mi |
D 219 E 76th Sold 0 bd · 0 ba · 2,264 sqft · $353 · 0.4 mi | $800,000 | 0 | 0 | 2,264 | $353 | 0.4 mi |
E 329 E 82nd Active 0 bd · 0 ba · 2,824 sqft · $336 · 0.2 mi | $949,000 List Price | 0 | 0 | 2,824 | $336 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1941, the interior of the unit shown in the images (likely Unit A) has undergone significant and recent updates. The kitchen features modern white shaker cabinets, light grey countertops, a white subway tile backsplash, and stainless steel appliances, appearing to be renovated within the last 5-10 years. The bathroom is also recently updated with a modern vanity, large format grey tile shower surround, and contemporary fixtures. The flooring throughout the living areas and bedrooms is updated laminate, and the walls are freshly painted. While the exterior shows the age of the property and the heating system (wall heater) is older, the key interior spaces are move-in ready and do not require immediate renovation, aligning with the 'Good' condition criteria for properties extensively renovated within 5 to 15 years.
This property presents an excellent opportunity for both traditional investors and owner-investors, offering the income power of a quadruplex.
The front residence (Unit A) provides a spacious 927 sq ft layout with private laundry, feeling distinctly separate and offering the comfort and privacy of a single-family home for an owner-occupant.
All three additional units are currently tenant-occupied with long-term residents, ensuring immediate and consistent rental income for the new owner.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 2.
Built in 1941, the property's age may imply potential for deferred maintenance, outdated systems (e.g., plumbing, electrical, HVAC), or the need for significant capital expenditures for modernization over time.
The property explicitly states 'None' for views, which can be a drawback in the Los Angeles market where scenic views often contribute significantly to property value and desirability.
FRESH PRICE IMPROVEMENT! This owner-occupant opportunity delivers a private front residence plus three income-producing units. This is an exceptional chance for an owner-investor seeking both comfortable living and reliable rental income. The front residence (Unit A) offers the feel of a standalone home, providing the comfort and privacy of a single-family home along with the income potential of a multi-unit investment. With 927 sq ft of living space, 2 bedrooms, 1 bath, a dedicated laundry space, and generously sized rooms, it is ideal for the owner-occupant who values privacy while benefiting from on-site income. Behind the main residence, Units 1–3 each feature functional 2-bedroom, 1-bath layouts ranging from 627 to 685 sq ft. These units offer efficient floor plans, well-kept interiors, and practical finishes that will attract long-term renters. The property’s gated electrical entry, secure parking, and convenient South LA location further enhances its rental appeal, supporting steady occupancy and consistent demand. With the new price reduction, this multi-unit property now offers even stronger value for buyers who want to live in one unit while leveraging income from the others.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.5 |
| Baths | 4.0 | 2.9 |
| Square foot | 2,894 | 2,090.331 |
| Lot Size | 5,063 | 5,852.908 |
| Price | $850.0K | $830.9K |
| Price per sq ft | $294 | $394 |
| Built year | 1941 | 1928 |
| HOA | $0 | $0 |
| Days on market | 289 | 87 |
Sep 10, 2026
$850,000
$899,999
-6% Price Drop
Initial Listing
Jan 24, 2026
$899,999
Initial Listing