
Los Angeles, California 90002
This Quadruplex Investment Asset is a High-Potential Investment Opportunity, listed at $769,000—positioned above the $737,184 Fair Market Value. While priced slightly above market, the property features a Condition Rating of 4, with two units already fully renovated. The Desirable Unit Mix of 2-bedroom and 1-bedroom units provides immediate rental income, while the legacy tenant offers long-term value-add potential. This is a strategic acquisition for Buy-and-Hold Investors or House Hackers seeking to leverage rental growth in the competitive Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9538 Compton Avenue Subject 0 bd · 0 ba · 1,780 sqft · $414 | $769,000* List Price | 0 | 0 | 1,780 | $414 | - |
A 1803 E 106th Street Sold 0 bd · 0 ba · 1,760 sqft · $398 · 0.7 mi | $700,000 | 0 | 0 | 1,760 | $398 | 0.7 mi |
B 8617 Ivy Street Sold 0 bd · 0 ba · 1,909 sqft · $477 · 1.0 mi | $910,000 | 0 | 0 | 1,909 | $477 | 1.0 mi |
C 9602 Holmes Avenue Pending 0 bd · 0 ba · 1,736 sqft · $317 · 0.3 mi | $549,900 List Price | 0 | 0 | 1,736 | $317 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this quadruplex features a mix of conditions. While two units have been recently renovated with updated laminate flooring, newer kitchen cabinets, and tiled bathrooms, the overall property and systems (such as the older wall heaters and exterior) remain dated and require further updates and minor repairs to maximize returns.
The property features a legacy tenant at below-market rent and one unrenovated unit, providing a clear path to increased Net Operating Income and long-term appreciation through strategic repositioning.
Two of the four units have been fully renovated, offering immediate stabilized income and reducing the initial capital expenditure required for a new investor.
The mix of two 2-bedroom and two 1-bedroom units caters to diverse tenant needs in the high-demand Los Angeles rental market, ensuring lower vacancy risks and flexible leasing options.
With a legacy tenant paying below-market rent in a 1930s build, the property is subject to Los Angeles rent stabilization ordinances, which restricts the immediate realization of market-rate returns.
The quadruplex is situated on a compact 3,430 sqft lot, resulting in limited outdoor common areas and potentially tight parking configurations for four separate households.
Exceptional four-unit investment opportunity in Los Angeles offering immediate income and strong rental upside. The property features an attractive unit mix of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, ideal for maximizing rental demand and long-term appreciation. Unit 9538 is a fully renovated 2-bedroom, 1-bath unit with dedicated parking. Unit 9542 is the second 2-bedroom unit, in solid condition, providing additional lease-up flexibility and strong income upside. Unit 9542 1/2 is a 1-bedroom, 1-bath unit has been fully renovated and is currently leased at market rent, offering stabilized income. Unit 9540, the remaining 1-bedroom unit is occupied by a long-term legacy tenant of over 10 years at below-market rent, presenting clear future rental growth potential. This asset presents multiple investment strategies: • Renovate and reposition units to maximize returns • Long-term hold with rent growth and appreciation With renovated interiors, a desirable bedroom mix, parking, this is a rare opportunity to acquire a flexible, income-producing property with both immediate revenue and value-add upside in a strong Los Angeles rental market. Excellent opportunity for investors, 1031 exchange buyers, or house hackers seeking both cash flow and long-term equity growth.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,780 | 2,090.331 |
| Lot Size | 3,430 | 5,852.908 |
| Price | $769.0K | $830.9K |
| Price per sq ft | $432 | $394 |
| Built year | 1930 | 1928 |
| HOA | $0 | $0 |
| Days on market | 48 | 87 |
Sep 22, 2026
$769,000
Initial Listing
Dec 1, 2022
$695,000
Public Record
May 18, 2017
$460,000
Public Record
May 8, 2013
$270,000
Public Record
Nov 25, 2008
$175,000
Public Record