
Los Angeles, California 90007
This High-Potential Investment Opportunity is a turnkey Quadruplex listed at a List Price of $2,000,000, positioned well below the $2,013,425 Fair Market Value by 0.67%. Featuring a Condition Rating of 2, the property offers modern infrastructure including new electrical, plumbing, and HVAC systems. With 10 dedicated parking spaces and a prime location near USC, this asset provides significant rental appeal. It is an ideal acquisition for Buy-and-Hold Investors or Institutional Buyers seeking a stable, high-demand multifamily asset.
Property is new construction or fully renovated.
The property has undergone a comprehensive, turnkey renovation within the last 5 years. It features brand new kitchens with modern cabinetry and countertops, new flooring, and completely updated major systems including new electrical wiring, plumbing, a new roof, tankless water heaters, and mini-split HVAC units.
Situated just one mile from USC and Downtown LA, this property taps into a high-demand rental market driven by students and urban professionals near major employment and cultural hubs.
The property features extensive modern upgrades including new electrical, plumbing, roof, and mini-split HVAC systems, significantly minimizing immediate capital expenditure for investors.
With approximately 10 rear parking spaces, the property offers a rare and highly valuable amenity in a dense urban environment where off-street parking is typically scarce and highly coveted.
Despite the full renovation, the 1923 Spanish Revival structure may still present challenges inherent to century-old buildings, such as fixed floor plans or potential long-term maintenance of historic elements.
At a $2 million listing price, the initial investment requires significant capital, which may impact the immediate cash-on-cash return depending on the current market rent yields.
TURNKEY SPANISH REVIVAL FOUR-UNIT | PRIME USC & DOWNTOWN LA LOCATION Exceptional opportunity to acquire a fully renovated four-unit Spanish Revival property dating back to 1923, strategically positioned approximately one mile from USC, Downtown Los Angeles, Crypto Center, LA Coliseum and cultural museams. Combining historic architectural character with extensive modern upgrades, this 4,864-square-foot multifamily property offers an attractive turnkey investment opportunity in a highly sought-after urban location. The property features four generously sized 2-bedroom, 1-bath units, each approximately 1,200 square feet. Every unit has been thoughtfully renovated with modern finishes and infrastructure, including new electrical wiring, new plumbing, a new roof, tankless water heaters, mini-split HVAC systems, Cat6 wiring, new lighting and fixtures, new cabinetry, and fresh interior and exterior paint. Each residence also offers its own dedicated laundry area with hookups for a stackable washer and dryer, providing an important amenity for today’s rental market. The spacious floor plans, modern systems, and individual unit amenities create a compelling combination of functionality and tenant appeal. A particularly valuable feature is the property’s approximately 10 rear parking spaces, complemented by additional street parking. The substantial off-street parking is an uncommon and highly desirable asset in this location. Situated on an approximately 6,750-square-foot lot, the property offers convenient access to USC, Downtown LA, major employment centers, dining, entertainment, transportation, and numerous urban amenities. Its proximity to major institutions and employment hubs makes this a compelling location for investors seeking a well-positioned multifamily asset. A rare opportunity to acquire a substantially renovated historic multifamily property offering scale, parking, modern infrastructure, and an exceptional location near one of Los Angeles’ most prominent educational, employment, and cultural centers.
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 | 4,864 | 2,090.331 |
| Lot Size | 6,752 | 5,852.908 |
| Price | $1.90M | $830.9K |
| Price per sq ft | $390 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 52 | 87 |
Nov 3, 2026
$1,899,000
$2,000,000
-5% Price Drop
Initial Listing
Sep 18, 2026
$2,000,000
Initial Listing
Feb 27, 1968
$27,000
Public Record