Excellent opportunity to acquire a 2017-built, non-rent controlled fourplex in the high-demand Mid-City submarket of Los Angeles. The asset is surrounded by new development, with a nearby comparable sale at $3,100,000 and $3,700,000, supporting long-term value and appreciation. The property features an attractive unit mix of two 3-bedroom, 2-bath units,… Read More one 4-bedroom, 2-bath unit, and one 2-bedroom, 2-bath unit, with spacious layouts ranging from approximately 1,000 to 1,400 square feet, with the largest unit offering the most expansive living space., totaling 5,263 SF on a 7,000 SF lot, offering scale and strong rental appeal. Each unit features: -In-unit washer/dryer -Stainless steel appliances -HVAC -Open floor plans with large bedrooms -Separate utility metering At approximately $456/SF, the property is priced below current replacement cost, providing an attractive basis for investors without the risks and timelines associated with new development. Ideally located in the heart of Mid-City, the property offers convenient access to some of Los Angeles most sought-after destinations, including the Arts District, Helms Bakery District, Cumulus (home to Whole Foods), Culver City Steps, and Ivy Station. The area is surrounded by major employment hubs, with companies such as Apple, Amazon Studios, Sony Pictures, HBO, and Beats Electronics contributing to continued growth and strong rental demand. Residents also enjoy excellent walkability to nearby coffee shops, grocery stores including Target and Sprouts, gyms, retail, entertainment, and a wide variety of restaurants. This central location provides seamless connectivity to nearby neighborhoods including Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, Culver City, the Westside, and Downtown Los Angeles. Mid-City continues to be one of LA s most active and desirable rental markets, driven by its proximity to high-paying job centers, ongoing development, and overall accessibility. The property also presents a unique opportunity for owner-occupants, with the ability to live in one unit while generating income from the others. Financing options may include FHA (low down payment) and conventional residential loans, further expanding the potential buyer pool. With private on-site parking, separately metered utilities, and newer construction, this property offers both convenience and long-term value. Read Less
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
