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Fantastic opportunity to acquire a FULLY VACANT 4-unit rental property in Wilshire Park, primed for immediate income generation and value-add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one - maximizing cash flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental, owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies.In the rear, two updated 1-bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate leasing potential, strong rental fundamentals, and multiple paths to increase value.Strategically located in the heart of Los Angeles, just minutes from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs.
Property Type(s):
Residential Income
| Last Updated | 3/19/2026 | Year Built | 1924 |
|---|---|---|---|
| Community | C18 - Hancock Park-Wilshire | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Microwave |
| AREA | C18 - Hancock Park-Wilshire |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s) |
| LOT | 7501 sq ft |
| LOT DIMENSIONS | 7502 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Contemporary |
| VIEW DESCRIPTION | None |
Location
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Listed with KW Westside Estates
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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