
Los Angeles, California 90007
This High-Potential Investment Opportunity is a 4-plex Residential Income Asset listed at $1,520,000, positioned slightly above the $1,490,793 Fair Market Value. Featuring a Condition Rating of 3, the property offers modern kitchen finishes and recent capital improvements. The massive 5-bedroom unit provides a unique "house hack" scenario, allowing for immediate occupancy while generating rental income from three additional units. Located in a high-demand USC Security Patrol area, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking stable cash flow near a major university.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1540 W 28th Subject | $1,520,000* List Price | 0 | 0 | 3,905 | $382 | - |
A 1503 1/2 W Adams Active | $1,125,000 List Price | 0 | 0 | 3,088 | $364 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1910, the property has undergone significant renovations within the last 5-15 years. Images show updated kitchens with modern shaker-style cabinetry, stainless steel appliances, and stone countertops, along with fresh paint and contemporary flooring, making it move-in ready.
Situated near the University of Southern California and within the USC Security Patrol area, the property is perfectly positioned to capture high demand from the student rental market.
The massive 5-bedroom unit can be delivered vacant, allowing a buyer to utilize residential financing while living on-site and generating significant income from the other three units.
The property features fresh interior and exterior paint along with new shared laundry facilities, enhancing curb appeal and reducing immediate maintenance needs for a new owner.
One unit is currently rented at $750, which is substantially below market value for a 2-bedroom in Los Angeles, indicating potential rent control limitations on immediate cash flow growth.
Built in 1910, this century-old structure may require ongoing capital expenditures for aging systems such as plumbing and electrical, despite recent cosmetic updates.
GREAT 4-UNIT INVESTMENT & OWNER-OCCUPANT OPPORTUNITY! This well-maintained 4-plex offers an excellent opportunity for an investor or owner-occupant looking to live in the largest unit while generating rental income from the other three units. The property may qualify for residential financing, providing an attractive option for first-time multifamily investors. The four units consist of: (A) 5 bedrooms + 3.25 baths; (B) 3 bedrooms + 1 bath; (C) 2 bedrooms + 1 bath; and (D) 2 bedrooms + 1 bath. The spacious 5-bedroom unit can be made available for a buyer-owner to occupy. The other three units are tenant-occupied, with current monthly rents of $2,000, $2,400, and $750, respectively. Recent improvements include fresh interior and exterior paint and a new shared clothes washer and dryer for resident use. The property offers 5 on-site parking spaces, including 3 assigned spaces and 2 spaces available on a first-come, first-served basis. Each kitchen is equipped with a stove and refrigerator. Conveniently located near USC, the property is well-positioned for the student rental market, offering potential for continued rental demand. According to the owner the property is believed to be in the USC Security Patrol area. For a first-time investor, this is an exceptional opportunity to acquire a multifamily property that provides immediate rental income while offering the flexibility to occupy a spacious unit—without the need to add an ADU. Prospective buyers must set appointments with their agent to show the property - buyers CAN NOT visit property and disturb tenants, directly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,905 | 2,187.451 |
| Lot Size | 6,778 | 5,841.385 |
| Price | $1.52M | $841.5K |
| Price per sq ft | $389 | $385 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 13 | 85 |
Aug 27, 2026
$1,520,000
Initial Listing
Oct 11, 2019
$1,475,000
Public Record
Sep 13, 2013
$600,000
Public Record
Aug 1, 2011
$342,000
Public Record