624 E 80th, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
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Los Angeles, California 90001
This Residential Income Quadruplex is a stabilized multi-family asset listed at $1,120,000, reflecting a price point aligned with its $1,096,404 Fair Market Value. Comprised entirely of high-demand 2-bedroom, 1-bathroom units, the property holds a Condition Rating of 4, indicating a professionally managed but dated interior with long-term value-add potential. The gated entry and ample rear parking are rare amenities that drive tenant retention near USC and SoFi Stadium. This asset offers reliable cash flow within a rent-restricted market, making it a premier choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 624 E 80th Subject | $1,120,000* List Price | 0 | 0 | 2,959 | $371 | - |
A 819 E 73rd Sold | $1,093,000 | 0 | 0 | 2,854 | $383 | 0.6 mi |
B 8230 Compton Sold | $1,040,000 | 0 | 0 | 2,160 | $481 | 1.0 mi |
C 8230 Compton Sold | $1,040,000 | 5 | 5 | 2,160 | $481 | 1.0 mi |
D 751 E 73rd Active | $799,000 List Price | 0 | 0 | 2,940 | $272 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, this 98-year-old quadruplex is described as professionally managed and functional for the rental market, but lacks evidence of recent comprehensive renovations to kitchens, bathrooms, or major systems. While the exterior is well-maintained and gated, the age and lack of modern upgrade details suggest the property is dated and likely requires minor repairs or cosmetic updates to meet modern standards.
The property consists entirely of 2-bedroom, 1-bathroom units, which is the most sought-after configuration for the local rental market, ensuring consistent tenant demand.
Professionally managed with excellent in-place income, this asset offers a seamless transition for investors seeking immediate cash flow without the need for initial stabilization.
The gated entry and ample rear parking provide a significant competitive advantage and added value in a high-density neighborhood where off-street parking is scarce.
Built in 1926, the property may require ongoing capital expenditures to maintain or upgrade century-old systems, potentially impacting long-term net operating income.
Located in a rent-restricted market, the property is subject to local rent control ordinances that limit the owner's ability to quickly adjust rents to full market value.
Rare opportunity to acquire a professionally managed investment property in Los Angeles. 624 E 80th Street features a 2,959-square-foot building situated on a 5,740-square-foot lot. This high-performance asset is comprised entirely of 2-bedroom, 1-bathroom units, offering an in-demand layout for the local rental market. The property features a charming, single-story front home with a beautifully with a landscaped yard. The gated entry leads to ample parking in the rear, a nice amenity for this high-density neighborhood. Strategically positioned for investors, the building boasts excellent in-place income—a significant advantage within a rent-restricted market. Its condition reflects a high standard of professional management, helping the transition for the next owner. The location offers connectivity, situated just moments from major freeway interchanges. Tenants enjoy rapid access to the region’s premier employment and entertainment hubs, including LAX, SoFi Stadium, USC, and Downtown Los Angeles. With a desirable 2 bedrooms and a centralized location, this property is a standout addition to any real estate portfolio.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,959 | 2,084 | 86% |
| Lot Size | 5,740 | 5,289 | 62% |
| Price | $1.12M | $793.0K | 86% |
| Price per sq ft | $379 | $382 | 43% |
| Built year | 1926 | 1928 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 148 | 5% |
Apr 21, 2026
$1,120,000
Initial Listing
Feb 14, 2017
$537,500
Public Record