
Los Angeles, California 90059
This Quadruplex represents a High-Potential Investment Opportunity with a List Price of $779,000—positioned well below the $985,987 Fair Market Value by 20%. This valuation gap provides $206,987 in Instant Equity. Featuring a Fair Condition Rating with one unit remodeled in 2024, the property offers immediate cash flow and RD2-1 Zoning for future development. Proximity to the Willowbrook/Rosa Parks Metro and the top-rated Compton Early College High ensures high rental demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1711 E Imperial Highway Subject | $779,000* List Price | 5 | 4 | 2,772 | $356 | - |
A 1803 E 109th Place Sold | $735,000 | 0 | 0 | 2,616 | $281 | 0.5 mi |
B 1626 E 108th Sold | $715,000 | 6 | 3 | 2,239 | $319 | 0.6 mi |
C 1626 E 108th Street Sold | $715,000 | 0 | 0 | 2,239 | $319 | 0.6 mi |
D 1419 E 111th Pending | $899,000 List Price | 0 | 0 | 2,659 | $338 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1925 fourplex presents a mixed condition. While one unit was extensively remodeled in 2024 with modern laminate flooring, recessed lighting, and new stainless steel appliances, the overall property is nearly a century old. The exterior and the other three units show signs of age and typical wear consistent with a 'Fair' rating, where major components are functional but the property as a whole requires ongoing maintenance and further updates to the non-renovated sections.
High School: Compton Early College High (9/10).
With two units delivered vacant, investors can immediately capture market-rate rents, contributing to a strong projected annual gross income of $90,000.
The property sits on a generous 5,503 sq. ft. lot zoned RD2-1, providing a significant opportunity to increase density and value by building additional units.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Originally built in 1925, the property may require substantial ongoing maintenance or capital expenditures to address aging structural, plumbing, and electrical systems.
Most of the surrounding public schools have low performance ratings, which may limit the property's appeal to long-term tenants with school-aged children.
INVESTOR OPPORTUNITY. This fourplex is set in the heart of the vibrant Watts neighborhood in Los Angeles CA on a spacious lot, zoned RD2-1. The two upstairs units will be delivered vacant, which is ideal for investors that are ready to capture market rent with new lease agreements. Investors looking to own & occupy have an opportunity to collect rent from the other three units. The four unit projected gross rent is $90,000 annually. An owner occupant can leverage the projected gross rent from the other units which is estimated at $64,800 annually. Explore the potential for building new units on this wide and deep 5,503 sq/lot. One of the upstairs units includes two bedrooms and an open floor plan that was remodeled in 2024 with new floors, new paint and recessed lighting. This is a gated and secure building with long term tenants in the two ground-level units and they are good neighbors. Those two ground-level units have washer/dryer connections. The RSO Certificate is valid. Each unit includes two parking spaces in tandem in the rear. This Watts community is rich with history that includes the Martin Luther King Jr. Community Hospital and the Charles R. Drew University of Medicine & Science, both are just around the corner. The Willowbrook/Rosa Parks Metro Station is just down the street. Hawkins House of Burgers is another historic hot-spot and it's walking distance from this fourplex. The Magic Johnson Park & Rec Center is nearby as well plus the iconic Watts Towers Arts Center. The Watts Neighborhood Council continues to make improvements to this community. There is quick access to the 110 and 105 freeways.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 67% |
| Baths | 4.0 | 0.0 | 87% |
| Square foot | 2,772 | 2,239 | 73% |
| Lot Size | 5,503 | 5,692 | 40% |
| Price | $779.0K | $769.0K | 53% |
| Price per sq ft | $281 | $353 | 27% |
| Built year | 1925 | 1944 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 195 | 7% |
Mar 23, 2026
$779,000
Initial Listing
May 10, 2000
$96,000
Public Record
Apr 4, 1995
$200,000
Public Record