
Los Angeles, California 90011
This Quadruplex Residential Income Property represents a High-Potential Investment Opportunity, listed at $1,400,000—positioned above the $1,144,513 Fair Market Value. While priced above the current estimate, the property features Extensive Modern Upgrades, including new electrical panels, A/C systems, and refreshed interiors, resulting in a Condition Rating of 3. Its central location near USC and major freeways ensures strong rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a turnkey, income-generating asset in a high-density urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 E 31st Subject 0 bd · 0 ba · 3,736 sqft · $306 | $1,400,000* List Price | 0 | 0 | 3,736 | $306 | - |
A 145 E 36th Active 0 bd · 0 ba · 3,968 sqft · $347 · 0.3 mi | $1,375,000 List Price | 0 | 0 | 3,968 | $347 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1916, the property has undergone extensive recent renovations (likely <5 years) including brand-new electrical panels, new A/C systems, and updated flooring and paint throughout. The bathrooms have been refreshed with new fixtures. It is move-in ready and well-maintained, though the 100+ year age of the structure and rental-grade finishes keep it from an 'Excellent' rating.
The property features significant recent capital improvements, including brand-new electrical panels, flooring, interior paint, and updated bathrooms, significantly reducing immediate CAPEX for a new owner.
Positioned near USC, Downtown Los Angeles, and major freeway interchanges, the property is ideally located to capture high tenant demand from students and urban professionals.
The installation of brand-new A/C systems in all units and individual laundry facilities for most units provides a competitive advantage in the local rental market, supporting higher rent potential.
Originally constructed in 1916, the property may present long-term maintenance requirements or underlying structural considerations typical of century-old buildings that go beyond cosmetic updates.
Unit 205 lacks the separate washer and dryer units provided to the other three residences, which may lead to lower rental yield or increased tenant turnover for that specific unit.
Excellent opportunity to own a four-unit residential income property in a convenient Los Angeles location. Situated on a spacious 6,280 sq. ft. lot with approximately 3,736 sq. ft. of living space, the property offers ample parking and numerous recent upgrades throughout. All electrical panel boards, including interior and exterior panels, are brand new, along with new electrical outlets throughout all units. Each unit features brand-new flooring and interior paint, while the bathrooms have been updated with new sinks, toilets, and mirrors. The stairway has been upgraded with new flooring, and all units feature brand-new A/C systems. Separate washer and dryer units are provided for each unit, with the exception of Unit 205. Conveniently located near the 10 and 110 Freeways, the property offers easy access to USC, Exposition Park, Downtown Los Angeles, the Fashion District, LA LIVE, restaurants, shopping, and entertainment. With its four-unit configuration, substantial lot size, ample parking, extensive upgrades, and desirable central location, this property offers an excellent opportunity for investors seeking a well-positioned Los Angeles income property.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-1 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.7 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,736 | 2,148.648 |
| Lot Size | 6,282 | 5,855.757 |
| Price | $1.40M | $831.8K |
| Price per sq ft | $375 | $387 |
| Built year | 1916 | 1928 |
| HOA | $0 | $0 |
| Days on market | 19 | 87 |
Oct 5, 2026
$1,400,000
Initial Listing
Apr 22, 2024
$931,000
Public Record