1646 W 52nd, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned slightly above the $1,008,502 Fair Market Value. While the property requires capital improvements due to its Condition Rating of 4, the detached four-car garage offers significant ADU Conversion Potential to maximize density. Located in a designated Opportunity Zone near USC, this asset provides long-term rental upside despite current LA City RSO restrictions. This is a strategic acquisition ideal for Buy-and-Hold Investors or Value-Add Developers seeking to scale their portfolio.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1646 W 52nd Subject | $1,050,000* List Price | 0 | 0 | 2,824 | $357 | - |
A 1736 W 51st Sold | $810,000 | 0 | 0 | 2,475 | $327 | 0.3 mi |
B 1736 W 51st Sold | $810,000 | 4 | 4 | 2,475 | $327 | 0.3 mi |
C 5700 Cimarron St Sold | $862,500 | 6 | 3 | 2,614 | $330 | 0.6 mi |
D 4284 La Salle Sold | $800,000 | 4 | 2 | 2,119 | $378 | 0.7 mi |
E 1840 W 47th Street Sold | $1,150,000 | 6 | 4 | 3,136 | $367 | 0.6 mi |
F 1424 W 49th Street Sold | $853,000 | 0 | 0 | 2,682 | $318 | 0.4 mi |
G 5302 S Manhattan Active | $985,000 List Price | 0 | 0 | 2,612 | $377 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this property is over 100 years old and shows signs of being dated, including older window units and exterior plumbing. While the grounds are well-maintained and the units are occupied, the 'value-add' description and 'rental upside' indicate that the kitchens, baths, and likely the core systems (HVAC/Electric) have not had a major renovation in over 20 years and require updates to reach market potential.
The detached four-car garage offers a significant value-add opportunity for an ADU conversion, allowing the owner to increase density and maximize rental income on the 6,502 SF lot.
Proximity to USC, Exposition Park, and major transit corridors ensures high tenant demand and long-term appreciation in the rapidly developing Vermont Square neighborhood.
Being located in a designated Opportunity Zone provides investors with substantial tax advantages, including the potential for tax-free appreciation on the investment.
The property is subject to LA City RSO (Rent Stabilization Ordinance), which limits annual rent increases and can make it challenging to reach market rates with existing tenants.
Built in 1922, this century-old structure may require significant capital expenditures for maintenance, repairs, or system upgrades to remain competitive and compliant.
Income Fourplex near USC with ADU & Rental Upside! Fantastic 4-unit investment in South LA's Vermont Square. Features 2,824 SF of living space on a 6,502 SF lot. Includes a detached, unassigned 4-car garage presenting an exceptional value-add opportunity for an ADU conversion. Delivered fully occupied with reliable cash flow under LA City RSO (rent control), leaving excellent long-term rental upside for the next owner. Located in a designated Opportunity Zone. Minutes from USC, Exposition Park, the Metro, and 10/110 freeways.
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 | 2,824 | 2,614 | 58% |
| Lot Size | 6,502 | 6,089 | 67% |
| Price | $1.05M | $891.2K | 75% |
| Price per sq ft | $372 | $329 | 67% |
| Built year | 1922 | 1924 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 201 | 4% |
Jun 1, 2026
$1,050,000
Initial Listing
Jul 2, 2001
$219,000
Public Record