
Los Angeles, California 90044
This Strong Value Opportunity is a Quadruplex Residential Income Asset listed at a List Price of $875,000—positioned well below the $965,935 Fair Market Value by 9%. This valuation gap offers $90,935 in Instant Equity. With a Condition Rating of 4, the property provides a stable 6.55% cap rate and significant mixed-use potential near major LA landmarks. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage long-term rental demand and commercial flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7319 S Normandie Subject | $875,000* List Price | 0 | 0 | 2,960 | $326 | - |
A 6927 Estrella Avenue Sold | $988,000 | 0 | 0 | 2,960 | $334 | 0.9 mi |
B 829 W 69th Sold | $975,000 | 0 | 0 | 2,593 | $376 | 0.8 mi |
C 856 W 73rd Street Sold | $750,000 | 4 | 4 | 2,339 | $321 | 0.7 mi |
D 6111 Menlo Active | $905,000 List Price | 0 | 0 | 3,029 | $299 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, the property shows signs of a mid-aged renovation (likely 15-25 years old). The kitchen features dated oak cabinetry and white tile countertops, while the living areas utilize older wall-mounted heaters rather than modern central HVAC. While functional and move-in ready for tenants, the finishes are dated and will eventually require modernization.
The property boasts an approximate 6.55% cap rate, offering investors a strong immediate return on investment within a competitive Los Angeles multifamily market.
Proximity to major landmarks such as SoFi Stadium, USC, and the Intuit Dome ensures high rental demand and long-term appreciation potential due to its central connectivity.
The property offers unique flexibility for commercial use on the ground level, providing an opportunity to diversify income streams or accommodate live-work arrangements.
Built in 1932, the property may require significant capital expenditures for maintenance and upgrades to its aging structural and mechanical systems.
The potential for mixed-use or commercial conversion is subject to complex local zoning laws, which may present bureaucratic challenges and additional costs for the owner.
Positioned in the heart of Mid City Los Angeles, this gated two story 4 plex presents an attractive opportunity for investors seeking both immediate rental income and long-term flexibility.The property features four separate units two 2 bedroom units and two 1 bedroom units each offering a functional layout with living space, kitchen, and bedrooms. On site parking and a fully gated configuration add convenience and security for residents. Location is a major advantage. The property is minutes from SoFi Stadium, Intuit Dome, LA Live, the Los Angeles Memorial Coliseum, and BMO Stadium, while USC is approximately 4 miles away and LAX is about 10 miles east. With easy access to some of Los Angeles' most prominent destinations, the property is positioned in an active residential market with strong connectivity. For investors, the property offers an approximate 6.55% cap rate, creating an opportunity to acquire an income producing multifamily asset in a highly desirable Los Angeles location. Adding another layer of potential, the property offers mixed use possibilities, with space that may provide an opportunity for commercial use on the ground level and residential living above, subject to applicable zoning and local regulations. This flexibility could appeal to investors looking to diversify income streams or owners interested in combining business and residential use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,960 | 2,187.451 |
| Lot Size | 5,200 | 5,841.385 |
| Price | $875.0K | $841.5K |
| Price per sq ft | $296 | $385 |
| Built year | 1932 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 85 |
Aug 14, 2026
$875,000
Initial Listing
Jun 17, 2016
$365,000
Public Record
Jun 23, 2004
$177,500
Public Record
Dec 11, 1996
$142,500
Public Record