2632 W 16th, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This High-Density Multi-Unit Asset is listed at $2,200,000, reflecting its significant income-generating capacity relative to the $1,727,915 Fair Market Value. Currently holding a Fair Condition Rating, this 1992-built quadruplex provides a rare Post-RSO exemption and is delivered fully vacant for immediate optimization of $17,500 Pro-Forma Rents. Featuring 11 Bedrooms and Mountain Views, the property is located near Pio Pico Middle School in a high-demand rental pocket. It represents a premier Value-Add Opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield residential income asset.
Property is moderate renovation needed.
Built in 1992, this property is aged but functional, fitting the 'fair' criteria perfectly. While there are some recent partial updates like newer lower kitchen cabinets and bathroom vanities, they are inconsistent with older upper cabinets and dated tile flooring. The exterior shows deferred maintenance in landscaping and stucco condition, and the listing explicitly identifies it as a 'value-add' opportunity requiring capital expenditure to reach market standards.
The property is delivered entirely vacant, a significant advantage in Los Angeles that allows the buyer to immediately lease units at current market rates or occupy the space without tenant relocation hurdles.
With 11 bedrooms and 4 bonus rooms across four units, the property offers an exceptional bedroom-to-unit ratio, maximizing rental income potential through co-living or large-family occupancy.
Centrally located with easy access to Downtown LA, Culver City, Koreatown, and USC, the property sits in a high-demand rental pocket that appeals to a diverse professional and student demographic.
The majority of assigned public schools carry low ratings (2-3 out of 10), which may deter long-term family tenants who prioritize high-performing educational districts.
The high density of 11 bedrooms and multiple bonus rooms suggests a higher occupant count per square foot, which typically leads to increased wear and tear and more demanding property management.
The listing identifies the property as a 'value-add' opportunity, implying that significant upfront investment in renovations or upgrades may be required to achieve the top-tier pro-forma rental estimates.
Located in the heart of Mid-City Los Angeles, this expansive multi-unit property at 2632 W 16th Pl offers exceptional flexibility and long-term upside. The property features 11 bedrooms, 7 bathrooms, and 4 bonus rooms, providing versatile layouts ideal for owner-users, multigenerational living, or investment opportunities. Spacious units offer generous living areas, abundant natural light, and strong potential for value-add improvements and market rent optimization. Centrally located near Downtown LA, Culver City, Koreatown, USC, major transit routes, dining, and shopping, this property benefits from consistent demand in a highly connected neighborhood. Estimated market rents of $13,500–$17,500+ per month (buyer to verify). A rare opportunity to acquire a well-located Mid-City asset offering location, flexibility, and future growth potential. All units delivered vacant. Pro forma rents shown; buyer to verify market rent and operating expenses. Excellent opportunity for owner-user or value-add investor.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
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 | 3,524 | 2,878.5 | 75% |
| Lot Size | 6,076 | 6,023 | 50% |
| Price | $2.20M | $1.11M | 90% |
| Price per sq ft | $624 | $469 | 90% |
| Built year | 1992 | 1928 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 228 | 10% |
Jan 21, 2026
$2,200,000
Initial Listing