
Los Angeles, California 90001
This Quadruplex Residential Income property is a High-Potential Investment Opportunity, listed at $849,000—positioned well below the $889,958 Fair Market Value by 4%. This valuation gap offers $40,958 in Instant Equity. Featuring a Fair Condition Rating, the asset includes three remodeled units and one original-condition unit, providing immediate rental income with value-add potential. With separate utility metering and a $112,560 gross annual income, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 810 E 79th Subject 0 bd · 0 ba · 2,660 sqft · $335 | $849,000* List Price | 0 | 0 | 2,660 | $335 | - |
A 7919 Naomi Sold 0 bd · 0 ba · 2,350 sqft · $274 · 0.3 mi | $643,000 | 0 | 0 | 2,350 | $274 | 0.3 mi |
B 6926 Compton Avenue Sold 0 bd · 0 ba · 2,396 sqft · $348 · 1.0 mi | $834,000 | 0 | 0 | 2,396 | $348 | 1.0 mi |
C 8006 Hooper Sold 5 bd · 2 ba · 1,945 sqft · $375 · 0.5 mi | $730,000 | 5 | 2 | 1,945 | $375 | 0.5 mi |
D 640 E 74th Sold 0 bd · 0 ba · 2,078 sqft · $354 · 0.4 mi | $735,000 | 0 | 0 | 2,078 | $354 | 0.4 mi |
E 1201 E 78th Street Active 0 bd · 0 ba · 2,589 sqft · $405 · 0.4 mi | $1,048,000 List Price | 0 | 0 | 2,589 | $405 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1953. While three of the four units have been remodeled with modern laminate flooring and fresh paint, the fourth unit remains in original condition and requires a full update. Because a portion of the property is over 50 years old without renovation and requires work, it falls into the Fair category despite the move-in ready status of the front building.
With a projected gross annual income of $112,560 and a monthly potential of $9,380, this quadruplex offers a robust cap rate for investors or a significant mortgage offset for owner-occupants.
Three of the four units have been recently remodeled, allowing for immediate market-rate leasing and reducing the initial capital expenditure required for the property.
The units are separately metered for both gas and electricity, which significantly lowers landlord overhead and simplifies utility management.
The detached rear unit is in original condition and requires updating, which will necessitate additional immediate investment to reach its full rental potential.
Nearby public schools, particularly the middle school, have low performance ratings, which may impact the property's appeal to long-term family tenants.
Stop paying rent and start collecting it. Live in one unit of this 4-unit property in the Florence area of Los Angeles and let the other three help pay the mortgage. The property has 2 separate structures on one lot. The front building holds 3 remodeled units, and the detached rear unit is in original condition, ready for updating. Every unit is a 2-bedroom, 1-bath floor plan, 3 of the 4 units include a garage space, and units are separately metered for gas and electric. At projected market rents, gross scheduled income is approximately $9,380 per month, or $112,560 per year, making this an equally strong hold for an investor. Close to shopping and dining along Florence and Manchester Avenues, schools, bus lines, the Metro A Line, and the 110 and 105 freeways.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,660 | 2,090.331 |
| Lot Size | 5,202 | 5,852.908 |
| Price | $849.0K | $830.9K |
| Price per sq ft | $319 | $394 |
| Built year | 1953 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 87 |
Nov 4, 2026
$849,000
Initial Listing
Nov 15, 2012
$275,000
Public Record
Jan 31, 2005
$425,000
Public Record
Aug 22, 2003
$340,000
Public Record
Oct 12, 2001
$265,000
Public Record
Nov 28, 2000
$186,500
Public Record