
Los Angeles, California 90037
This High-Potential Investment Opportunity is a Quadruplex listed at $799,900—positioned well below the $832,288 Fair Market Value by 3%. This valuation gap offers $32,388 in Instant Equity. With a Condition Rating of 5, the property requires modernization but offers significant upside through LAR3 Zoning and high rental demand near USC. This asset provides immediate cash flow with a 6.21% CAP rate, making it an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4536 Wesley Subject 0 bd · 0 ba · 4,116 sqft · $202 | $799,900* List Price | 0 | 0 | 4,116 | $202 | - |
A 458 W Vernon Sold 0 bd · 0 ba · 3,726 sqft · $216 · 0.3 mi | $805,000 | 0 | 0 | 3,726 | $216 | 0.3 mi |
B 1079 Leighton Sold 0 bd · 0 ba · 4,640 sqft · $211 · 0.9 mi | $980,000 | 0 | 0 | 4,640 | $211 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1913 (111 years old) and the listing lacks any mention of recent renovations to kitchens, baths, or systems. The description emphasizes 'clear upside' and 'redevelopment' potential, which typically indicates the units are in original or significantly dated condition requiring a full rehab to achieve market rents.
The property boasts a solid 6.21% CAP rate with rents currently below market value, offering immediate cash flow and significant built-in upside for investors.
Located within a mile of USC, Exposition Park, and major stadiums, the property is positioned in a high-demand rental hub for students, faculty, and downtown professionals.
The LAR3 zoning on a 6,527 sq ft lot provides versatile opportunities for future expansion or high-density redevelopment in a rapidly growing South Figueroa corridor.
Built in 1913, the century-old structure may require significant capital expenditures for maintenance or modernization of its older systems and finishes.
The majority of assigned middle and high schools in the immediate area have low performance ratings, which may limit the property's appeal to long-term family tenants.
This fully occupied fourplex gives you income today with clear upside built in. It has four spacious 2-bed, 1-bath units of about 1,000 sq ft each, totaling [4,116] sq ft on a [6,527] sq ft [LAR3] lot. It runs at a 6.21% CAP with rents still below market. Gas and electricity are separately metered, so tenants pay their own utilities. Each unit has washer/dryer hookups, and a large parking area accessed from Hoover holds up to 7 vehicles. The property is about a mile from Exposition Park, home to the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the LA Memorial Coliseum. USC, BMO Stadium, and Downtown LA are minutes away, with quick access to the I-110, I-10, and I-105. Students, faculty, and downtown professionals keep rental demand strong. With new investment flowing into the South Figueroa corridor and [LAR3] zoning, you can hold for cash flow, bring rents to market, or plan for future expansion or redevelopment. Get paid while you wait for the upside.
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 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4,116 | 2,090.331 |
| Lot Size | 6,527 | 5,852.908 |
| Price | $799.9K | $830.9K |
| Price per sq ft | $194 | $394 |
| Built year | 1913 | 1928 |
| HOA | $0 | $0 |
| Days on market | 20 | 87 |
Oct 20, 2026
$799,900
Initial Listing
Sep 22, 2022
$1,000,000
Public Record
Oct 27, 2010
$280,000
Public Record