
Los Angeles, California 90037
This Residential Income Quadruplex is a High-Potential Investment Opportunity, listed at $1,025,000—positioned slightly above the $1,000,462 Fair Market Value. Featuring a Condition Rating of 3, the property offers Turnkey Vacant Units with modern granite countertops and tile flooring, alongside Ample Parking for 4+ cars. Its proximity to USC and the E Line light rail ensures consistent rental demand from students and professionals. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage a prime location for long-term wealth generation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 914 W 41st Subject 0 bd · 0 ba · 2,724 sqft · $353 | $999,000* List Price | 0 | 0 | 2,724 | $353 | - |
A 961 W 47th Street Sold 0 bd · 0 ba · 2,772 sqft · $391 · 0.6 mi | $1,085,000 | 0 | 0 | 2,772 | $391 | 0.6 mi |
B 708 W 40th Sold 0 bd · 0 ba · 2,295 sqft · $307 · 0.3 mi | $705,000 | 0 | 0 | 2,295 | $307 | 0.3 mi |
C 708 W 40th Sold 7 bd · 3 ba · 2,295 sqft · $307 · 0.3 mi | $705,000 | 7 | 3 | 2,295 | $307 | 0.3 mi |
D 1257 W Vernon Active 7 bd · 5 ba · 2,854 sqft · $403 · 0.5 mi | $1,150,000 List Price | 7 | 5 | 2,854 | $403 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1913, this fourplex has been partially updated. Three of the vacant units feature recent renovations with modern laminate flooring, updated grey cabinetry, and granite countertops. However, other portions of the property remain dated with older wood cabinets, classic tiling, and individual wall heating/AC units.
Three of the four units are delivered vacant and have been recently remodeled with new tile flooring and granite countertops, allowing an investor or owner-user to immediately lease them out at market rates without renovation delays.
Situated just south of USC and Exposition Park near the E Line light rail and 110 Freeway, the property is perfectly positioned to capture steady rental demand from students, faculty, and commuting professionals.
The property includes a fenced private yard with dedicated parking for 4+ cars, which is a significant and highly sought-after competitive advantage in this high-density Los Angeles neighborhood.
Originally constructed in 1913, the property's advanced age may necessitate ongoing maintenance, repairs, and potential updates to older structural or mechanical systems.
The surrounding public schools predominantly hold low performance ratings between 1 and 3, which may limit the asset's appeal to long-term tenants with school-aged children.
This fenced fourplex offers spacious layouts throughout and a private yard with parking for 4+ cars, a real advantage in this part of the city. Three units are vacant and one is occupied, making it well suited for an owner-user who wants to live in one unit and lease the others, or an investor ready to put the vacant units to work right away. The vacant units are in great condition and have been remodeled with new tile flooring, granite countertops, and other updates, so they're ready for immediate occupancy or leasing. With a potential 6.5% cap rate, the property offers plenty of creative ways to generate income. Its proximity to USC makes it a natural fit for student housing, and it also lends itself well to midterm rentals for traveling professionals, visiting faculty, and event-goers. The location is a major draw. The property sits just south of USC and Exposition Park, home to the LA Memorial Coliseum, BMO Stadium, the California Science Center, and the Natural History Museum. The E Line light rail and the 110 Freeway are close by, providing easy access to Downtown LA, Culver City, and Santa Monica. With the area set to be a focal point of the 2028 Olympics and steady rental demand from students, faculty, and professionals, this is a solid opportunity to establish a foothold in one of LA's most active neighborhoods. Priced competitively. Contact us today to schedule a showing.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-2 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,724 | 2,090.331 |
| Lot Size | 5,465 | 5,852.908 |
| Price | $999.0K | $830.9K |
| Price per sq ft | $367 | $394 |
| Built year | 1913 | 1928 |
| HOA | $0 | $0 |
| Days on market | 46 | 87 |
Oct 21, 2026
$999,000
$1,025,000
-3% Price Drop
Initial Listing
Sep 24, 2026
$1,025,000
Initial Listing
Sep 29, 2011
$271,000
Public Record
Dec 29, 2006
$615,000
Public Record
Jan 27, 2003
$265,000
Public Record