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Strategically located south of Olympic Blvd and west of Rimpau Blvd, this fully renovated Spanish-style quadruplex in the heart of Mid-Wilshire presents an unbeatable investment opportunity with a 5% CAP rate and 14.8 GRM, featuring four 2-bedroom, 1-bath units, each thoughtfully upgraded with sleek quartz countertops, high-end stainless steel appliances, stylish flooring, in-unit laundry with owner-owned washers and dryers, newer double-pane windows, and upgraded electrical panels, while offering four designated parking spaces, separate gas meters, and newly installed sewer and electrical systems; the property has undergone seismic retrofit improvements, and each unit is equipped with a tankless water heater and separately metered gas and electricity, ensuring modern convenience, energy efficiency, and long-term value; additionally, with strong value-add potential and a prime location attracting tenants priced out of Miracle Mile to the north and Culver City to the west, this property presents a rare and lucrative investment opportunity in one of Los Angeles' most sought-after rental markets. This is the ideal situation for an owner or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer.
Property Type(s):
Residential Income
| Last Updated | 3/27/2025 | Year Built | 1924 |
|---|---|---|---|
| Community | Hancock Park-Wilshire | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
|---|---|
| AREA | Hancock Park-Wilshire |
| GARAGE | Assigned |
| HEAT | Wall Furnace |
| LOT | 6001 sq ft |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Hanbada Realty Inc.
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