
Los Angeles, California 90018
This High-Potential Investment Opportunity is a Turnkey Quadruplex listed at $2,690,000, aligning perfectly with its $2,690,000 Fair Market Value. Featuring a completely rebuilt duplex and two brand-new ADUs, the property boasts an Excellent Condition Rating with modern finishes like quartz countertops and paid-off solar systems. With a projected monthly income of $16,000 and non-RSO status for the ADUs, this asset offers significant cash flow stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, low-maintenance compound in Mid-Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2937 10th Subject | $2,690,000* List Price | 0 | 0 | 4,352 | $618 | - |
A 2937 10th Active | $2,690,000 List Price | 12 | 12 | 4,352 | $618 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property qualifies as excellent due to a complete 'studs-up' rebuild of the front duplex and the addition of two brand-new ADUs. All units feature modern kitchens with quartz countertops and stainless steel appliances, luxury vinyl flooring, and brand-new systems including 3-ton central HVAC, tankless water heaters, and solar panels, requiring zero maintenance.
This four-unit compound features a completely rebuilt duplex and two brand-new ADUs, offering a projected monthly income of $16,000 with modern finishes and systems throughout.
The two newly constructed ADUs are not subject to the Los Angeles Rent Stabilization Ordinance (RSO) and include paid-off solar systems, significantly enhancing long-term investment flexibility and net cash flow.
All four units feature a highly desirable 3-bedroom, 3-bathroom layout with premium finishes like quartz countertops and central AC, catering perfectly to the competitive rental markets near USC and Mid-City.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4352, other record living area = 1430.
The property is situated in an area where several assigned public schools have low performance ratings, which may deter long-term family-oriented tenants.
With four large units totaling over 4,300 square feet on a 6,573 square foot lot, the site density is high, resulting in limited common outdoor space and a more compact living environment.
Welcome to 2937-2939 10th Avenue, an exceptional four-unit property located in the highly desirable Jefferson Park neighborhood of Mid-Los Angeles. Offering approximately 4,352 square feet of living space on a 6,573 square foot lot, this rare opportunity combines modern construction, quality finishes, and strong income potential. The property consists of a completely rebuilt and expanded duplex at the front and two newly constructed two-story ADUs at the rear. The front duplex, 2937 and 2939 10th Avenue, has been rebuilt from the studs up and expanded, with each unit offering 3 bedrooms and 3 bathrooms. These residences feature luxury vinyl flooring, oak shaker cabinetry, quartz countertops, high ceilings, fire sprinkler systems, tankless water heaters, washer and dryer hookups, separate gas and electric meters, and 3-ton central heating and air conditioning systems. The kitchens are fully equipped with stainless steel appliances including a stove, dishwasher, microwave, and refrigerator. At the rear of the property are 2937½ and 2939½ 10th Avenue, two brand-new, fully electric ADUs that are not subject to RSO. Each approximately 1,120-square-foot unit offers 3 bedrooms and 3 bathrooms with a highly functional floor plan featuring one bedroom and one full bathroom downstairs and two spacious en-suite bedrooms upstairs. Each ADU also enjoys its own private backyard, creating a rare blend of indoor-outdoor living and added privacy. These beautifully designed homes include luxury vinyl flooring, oak shaker cabinetry, quartz countertops with full-height backsplashes, stainless steel appliance packages, central heating and air conditioning, fire sprinkler systems, separate electric meters, and paid-off solar systems generating approximately 2.35 kW per unit. The property is fully gated and secured, providing privacy and peace of mind for residents. Whether you're looking to occupy one unit and rent the others or maximize returns as a full investment property, this asset offers exceptional flexibility and income potential. Projected rental income can reach up to approximately $16,000 per month. Conveniently located near Downtown Los Angeles, USC, Culver City, public transportation, shopping, dining, and major freeway access, this turnkey property presents a rare opportunity to own a newly rebuilt and newly constructed four-unit compound in one of Los Angeles' most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,352 | 2,250 |
| Lot Size | 6,573 | 5,864 |
| Price | $2.69M | $826.7K |
| Price per sq ft | $618 | $395 |
| Built year | 1952 | 1925 |
| HOA | $0 | $0 |
| Days on market | 32 | 83 |
Jun 20, 2026
$2,690,000
Initial Listing
May 1, 2024
$905,000
Public Record