
Los Angeles, California 90018
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,349,999—positioned well below the $1,340,704 Fair Market Value (Note: Market is stable/fairly priced). With a Condition Rating of 4, the property features separately metered utilities and four detached garage spaces. The vacant 2-bedroom unit offers immediate flexibility for an Owner-Occupant to offset housing costs, while the remaining units provide stable rental income. This is an ideal acquisition for Buy-and-Hold Investors seeking a well-located, high-demand asset in Mid Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2022 4th Avenue Subject 0 bd · 0 ba · 4,662 sqft · $288 | $1,349,999* List Price | 0 | 0 | 4,662 | $288 | - |
A 2633 7th Avenue Avenue Active 0 bd · 0 ba · 4,206 sqft · $283 · 0.5 mi | $1,190,000 List Price | 0 | 0 | 4,206 | $283 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1918, this fourplex has received some cosmetic updates, such as newer laminate flooring in the vacant unit. However, the property remains largely dated, featuring older wall heaters and vintage bathroom tiling that will require minor repairs and modern updates.
The delivery of one large 2-bedroom unit vacant allows for immediate owner-occupancy or the ability to set market-rate rent, providing significant financial flexibility for buyers.
Situated in Mid Los Angeles near Koreatown, USC, and Downtown, the property is positioned in a high-demand rental market with excellent proximity to major employment centers and transit.
With over 4,600 square feet of living space, the units offer expansive floor plans, bonus spaces, and detached garages, which are premium features that attract long-term tenants.
Built in 1918, the property may require ongoing maintenance and capital improvements to modernize aging systems or comply with Los Angeles seismic retrofitting requirements.
With three units currently occupied, the property is likely subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits immediate rental upside and management flexibility for the tenanted units.
Rare opportunity to own a spacious fourplex in the heart of Mid Los Angeles with one large 2-bedroom unit delivered vacant, making this an excellent option for an owner-occupant or investor seeking immediate rental income with future upside. The property offers approximately 4,662 square feet of living area on an approximately 7,000 square foot lot and features two 2-bedroom units and two 1-bedroom units, each with generous floor plans of approximately 1,165 square feet and additional bonus space. The vacant 2-bedroom unit is bright and inviting with expansive living and dining areas, abundant windows, updated flooring, a spacious kitchen, approximately 1.75 baths, and in-unit laundry hookups. Three additional units are currently occupied and generate existing income, while the vacant unit provides an immediate opportunity for owner occupancy or market-rate rental income. Each unit has separately metered gas and electricity, helping simplify utility responsibilities. Additional highlights include four detached garage spaces, substantial off-street parking, gated frontage, and a large rear parking area. Ideally located near Koreatown, USC, Downtown Los Angeles, major employment centers, dining, shopping, public transportation, and the 10 Freeway. A compelling opportunity for an owner-user looking to offset housing costs with rental income or an investor seeking a well-located four-unit asset with existing income and meaningful long-term rental upside. Buyer to verify all square footage, permits, unit configurations, rents, expenses, and potential uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4,662 | 2,090.331 |
| Lot Size | 7,002 | 5,852.908 |
| Price | $1.35M | $830.9K |
| Price per sq ft | $290 | $394 |
| Built year | 1918 | 1928 |
| HOA | $0 | $0 |
| Days on market | 61 | 87 |
Sep 9, 2026
$1,349,999
Initial Listing
May 9, 2018
$1,210,000
Public Record
Oct 18, 2012
$475,000
Public Record
Feb 11, 2005
$770,000
Public Record
Nov 4, 2003
$500,000
Public Record