
Los Angeles, California 90032
This 5-unit complex represents a High-Potential Investment Opportunity, listed at a List Price of $2,049,999. While currently priced above the $1,883,007 Fair Market Value, the asset offers significant long-term upside through its GLR3 Zoning and potential for three additional units. Featuring a Condition Rating of 4, the property is well-maintained and provides immediate cash flow via a stable unit mix and on-site laundry. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to scale a multi-unit portfolio in Northeast Los Angeles.
Property is moderate renovation needed.
Built in 1957, this multi-unit property is exceptionally well-maintained but remains largely outdated in style and features. While the interiors are clean and functional, they feature aged elements such as popcorn ceilings, older wood cabinetry, and dated tile countertops. Some appliances and flooring have been updated, but the overall infrastructure and aesthetic reflect a property that has been preserved through regular upkeep rather than undergoing a comprehensive modern renovation.
The property features a desirable configuration of four 2-bedroom units and a detached 3-bedroom rear home, providing a versatile mix that appeals to a broad tenant base and ensures long-term stability.
Meticulously maintained by the original owners, this complex offers a rare turnkey investment opportunity in Northeast Los Angeles, significantly reducing the risk of immediate capital expenditures for deferred maintenance.
The inclusion of six garage spaces and an on-site laundry room provides immediate additional revenue streams and significant upside potential through parking fees or future ADU conversions.
As a multi-unit property built in 1957 within the City of Los Angeles, it is subject to the Rent Stabilization Ordinance (RSO), which limits annual rent increases and complicates tenant management.
Despite the pride of ownership, the 1950s construction implies that underlying systems such as plumbing and electrical may eventually require modernization to remain competitive with newer developments.
Rarely does an opportunity like this come to market. Offered for the first time ever, this exceptional 5-unit investment property showcases true pride of ownership and meticulous long-term care. Featuring four spacious 2-bedroom, 1-bath units plus a detached 3-bedroom, 2-bath rear home, the property offers a highly desirable unit mix that drives strong tenant demand and lasting stability. Zoned GLR3 with outstanding building opportunities, the property also presents the potential to add three additional units—unlocking the ability to create an eight-unit complex and significantly increase income and long-term value. This is a true turnkey asset—clean, well maintained, and already performing—featuring six garage spaces with additional rental upside and an on-site laundry room that generates steady income with room to grow. No deferred maintenance, no heavy rehab—just immediate cash flow with built-in expansion potential. Ideally located in Los Angeles’ 90032 zip code between El Sereno and Montecito Heights, tenants enjoy nearby access to Ascot Hills Park, Debs Park, local shopping along Huntington Drive and Valley Boulevard, and California State University, Los Angeles—supporting consistent and reliable rental demand. Just minutes from Downtown Los Angeles, residents are also close to world-class dining, nightlife, entertainment, and cultural destinations. Opportunities like this—first time on the market, impeccably maintained, and with this level of development upside—are extremely rare in Northeast Los Angeles. A prime chance to secure a high-performing multi-unit asset in a rapidly growing rental corridor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 5,512 | 4,065.4 |
| Lot Size | 12,036 | 6,744.9 |
| Price | $2.02M | $1.13M |
| Price per sq ft | $367 | $262 |
| Built year | 1957 | 1939 |
| HOA | $0 | $907 |
| Days on market | 202 | 110 |
Aug 14, 2026
$2,024,888
$2,049,999
-1% Price Drop
Initial Listing
Apr 11, 2026
$2,049,999
$2,100,000
-2% Price Drop
Initial Listing
Feb 19, 2026
$2,100,000
Initial Listing