
Los Angeles, California 90033
This High-Potential Investment Opportunity is a Quadruplex listed at $949,000, positioned well below the $905,927 Fair Market Value by -4%. While the property requires modernization due to its Condition Rating of 4, it features Individualized Utilities and Ample Off-Street Parking for six vehicles, which significantly reduces overhead. The three-building configuration offers tenant privacy, enhancing long-term rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to stabilize a well-located Los Angeles income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2742 Cincinnati Subject 0 bd · 0 ba · 2,868 sqft · $278 | $800,000* List Price | 0 | 0 | 2,868 | $278 | - |
A 2811 -2813 E Boulder Street Sold 0 bd · 0 ba · 2,272 sqft · $317 · 0.2 mi | $721,000 | 0 | 0 | 2,272 | $317 | 0.2 mi |
B 529 S Breed Street Sold 0 bd · 0 ba · 2,974 sqft · $266 · 0.8 mi | $790,000 | 0 | 0 | 2,974 | $266 | 0.8 mi |
C 552 S St Louis Sold 5 bd · 3 ba · 3,352 sqft · $243 · 0.9 mi | $815,000 | 5 | 3 | 3,352 | $243 | 0.9 mi |
D 2647 Chelsea Street 4 Sold 0 bd · 0 ba · 3,314 sqft · $237 · 0.8 mi | $787,000 | 0 | 0 | 3,314 | $237 | 0.8 mi |
E 419 N Mott Sold 5 bd · 3 ba · 2,122 sqft · $269 · 0.1 mi | $570,000 | 5 | 3 | 2,122 | $269 | 0.1 mi |
F 462 Camulos Street Sold 4 bd · 2 ba · 2,150 sqft · $335 · 0.7 mi | $720,000 | 4 | 2 | 2,150 | $335 | 0.7 mi |
G 443 S State Active 0 bd · 0 ba · 2,665 sqft · $281 · 1.0 mi | $750,000 List Price | 0 | 0 | 2,665 | $281 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1912, this property is over 100 years old. While described as well-maintained with functional separate meters and water heaters, the lack of recent renovation dates and the aged exterior suggest the property is dated and will require minor repairs or modernization to meet current market standards.
The property consists of three separate buildings, providing tenants with enhanced privacy and reduced noise compared to traditional high-density apartment complexes.
Each unit is equipped with its own water heater and individual gas and electric meters, significantly reducing landlord overhead and simplifying utility management.
The inclusion of parking for up to six vehicles is a major asset in a dense Los Angeles neighborhood, increasing the property's desirability and rental value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3, other record living area = 2868.
Built in 1912, the property may require substantial ongoing maintenance or capital improvements to address aging infrastructure, such as plumbing and electrical systems.
The 'drive-by only' restriction and lack of interior access prior to an offer increase the initial risk for investors regarding the actual deferred maintenance of the units.
Awesome Investment Opportunity! This well-maintained quadruplex consists of three separate buildings—two single-story buildings and one two-story building. Each unit features 2 bedrooms and 1 bathroom, with separate water heaters and individual gas and electric meters. parking for up to six vehicles, plus ample street parking. Ideally located in a prime Los Angeles neighborhood with easy access to major freeways, public transportation, shopping, dining, entertainment, and employment centers. Please do not disturb the tenants. Drive-by only. Offers are subject to interior inspection.
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 | 2,868 | 2,090.331 |
| Lot Size | 7,494 | 5,852.908 |
| Price | $800.0K | $830.9K |
| Price per sq ft | $279 | $394 |
| Built year | 1912 | 1928 |
| HOA | $0 | $0 |
| Days on market | 97 | 87 |
Nov 1, 2026
$800,000
$859,000
-7% Price Drop
Initial Listing
Sep 17, 2026
$859,000
$949,000
-9% Price Drop
Initial Listing
Aug 4, 2026
$949,000
Initial Listing