Prime Mid-City investment opportunity offering strong fundamentals, desirable unit mix, and long-term upside in one of Los Angeles' most centrally located rental markets. This well-maintained fourplex consists of two two-story apartment buildings totaling approximately 3,296 square feet and features three spacious two-bedroom units and one one-bedroom unit, each with the… Read More added convenience of in-unit laundry.Designed for efficient ownership, the property offers separate gas and electric meters for each unit, helping streamline management and reduce operating expenses. Six total parking spaces, provide a valuable off-street parking advantage in a high-demand urban neighborhood.Built in 1971, the property benefits from strong rental appeal and a central Mid-City location with convenient access to major corridors, including the 10 Freeway. Recent improvements include a newer roof on the rear structure & newer water heather at units 1,3, & 4, along with interior renovations to Unit #3. With its sought-after location, practical unit mix, parking, in-unit laundry, and operational efficiencies, this Mid-City fourplex presents a compelling opportunity for investors seeking stable income potential, future rent growth, and long-term appreciation. Whether expanding an existing portfolio or pursuing a value-add multifamily asset in a proven Los Angeles submarket, this property is positioned to check all the right boxes. Read Less
Courtesy of Christie's International Real Estate SoCal 424-249-7162
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,296
Lot Size
0.13 Acres
Year Built
1971
MLS Number
26838879
30 Days Snapshot Of 90016
$1.05M
+10%
(avg) sold price
13
+85%
homes sold
47
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Dryer, Washer, Refrigerator
Building
3,296 sq ft, Built in 1971, Levels: Two
Cooling
None
Disclosures
None
Garage
Driveway, Assigned
Heating
Wall Gas
Lot
LotAcreage: 0.1317, LotSizeArea: 5,738
Parking
TotalParking: 6
Property
NumberOfUnits: 4, Zoning: LARD1.5
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