4432 Wesley, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Prime Investment Opportunity and income producing property. This well-kept low maintenance 8 Unit apartment building consisting of 6 Units (2 bedrooms, 1 bath) and 2 Units (1 bedroom 1 bath) with long term tenants. Six of the eight tenants have been living here for ten plus years. All remodeled extensively around Eight years ago, newer electrical, plumbing, interior and exterior, newer kitchens, bathrooms, tile, carpet, laminate flooring throughout, and much more. The roof on both buildings was replaced around 5 years ago and foundation reinforced. All units have their own water shut off valve and seven of the eight water heaters have been replaced. Rents are currently below market value, allowing upside in rental income for the new buyer. There is 4 units facing Wesley Ave and the other 4 units facing Hoover St. All separate electrical and gas meters. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.
Property is move-in ready.
Although built in 1912, the property underwent an extensive remodel approximately 8 years ago, which included updates to the kitchens, bathrooms, plumbing, and electrical systems. Additionally, the roof was replaced 5 years ago and the foundation has been reinforced, making it well-maintained and functional.
The property underwent significant renovations approximately eight years ago, including updated electrical, plumbing, kitchens, and bathrooms, plus a newer roof and reinforced foundation, reducing immediate CapEx requirements.
Located minutes from USC, Exposition Park, and major stadiums, the property sits in a high-demand hub for students and commuters, ensuring a consistent pool of potential tenants.
With current rents positioned below market value and all units featuring separate gas and electric meters, there is a clear opportunity for the new owner to increase Net Operating Income as units turn over.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1, other record living area = 8732.
With 75% of tenants in place for over a decade, the path to achieving market-rate rents will be gradual and subject to Los Angeles rent stabilization ordinances, limiting immediate cash flow growth.
Despite extensive updates, the 1912 construction date means the asset may require more frequent long-term structural oversight compared to modern multi-family developments.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-2 • 0.3 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 1 | 4,165.789 |
| Lot Size | 7,832 | 6,696 |
| Price | $1.25M | $956.9K |
| Price per sq ft | $1.25M | $273 |
| Built year | 1912 | 1937 |
| HOA | $0 | $907 |
| Days on market | 59 | 134 |
Sep 11, 2026
$1,250,000
Initial Listing
Jan 24, 2014
$925,000
Public Record