Request More Info
Schedule a Showing
Share
Print
|
Approx. 6.7% Market Cap Rate! Current gross rental income of approximately $10,400 per month. Fully occupied. Turnkey. Rare opportunity to acquire a pride-of-ownership 5-unit multifamily investment in the highly desirable Jefferson Park / West Adams neighborhood. Properties offering this combination of current income, major capital improvements, and remaining upside are increasingly difficult to find in Los Angeles.The property features four charming bungalow-style residences PLUS a newly built detached permitted 2-bedroom/1-bath ADU (2022) with its own Certificate of Occupancy. Three residences have been renovated into desirable 2-bedroom/1-bath homes, while one updated 1-bedroom/1-bath residence offers additional value-add potential through a future conversion to a 2-bedroom floor plan (buyer to verify). Three units are currently occupied under month-to-month tenancies, providing additional operational flexibility for the next owner. Major capital improvements completed within the past five years include updated PEX water supply lines, a trenchless CIPP-lined main sewer line, significant electrical and roof improvements, and the ground-up construction of the detached ADU. Each residence features its own in-unit washer and dryer, mini-split A/C, updated kitchen and bathroom, dual-pane windows, modern finishes, and access to four gated off-street parking spaces. Professionally fumigated in 2023 and recently passed the City's required inspections, the property has been proactively maintained and is ready for its next owner. Ideally located minutes from Culver City, USC, Downtown Los Angeles, the Expo Line, restaurants, shopping, and major employment centers, this is an exceptional opportunity for investors and 1031 exchange buyers seeking immediate income with meaningful long-term appreciation potential in one of Los Angeles's most desirable rental neighborhoods. Buyer to independently verify all information. Unit 1: 2 Bed / 1 Bath | Actual Rent: $1,995 | Projected Rent: $2,400 | Lease: Month-to-Month Unit 2: 2 Bed / 1 Bath | Actual Rent: $2,300 | Projected Rent: $2,400 | Lease: Month-to-Month (Expired 04/2024) Unit 3: 2 Bed / 1 Bath | Actual Rent: $1,995 | Projected Rent: $2,400 | Lease: 1-Year (Exp: 07/2027) Unit 4: 1 Bed / 1 Bath | Actual Rent: $2,034 | Projected Rent: $2,200 | Lease: Month-to-Month (Expired 04/2024) Unit 5: (2022 ADU): 2 Bed / 1 Bath | Actual Rent: $1,990 | Projected Rent: $2,500 | Lease: 1-Year (Exp: 02/2027)
Property Type(s):
Residential Income
| Last Updated | 8/26/2026 | Year Built | 1925 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Dryer, Microwave, Refrigerator, Washer |
|---|---|
| AREA | C16 - Mid Los Angeles |
| LOT | 5824 sq ft |
| LOT DIMENSIONS | 5825 |
| PARKING | Assigned |
| STORIES | 1 |
| STYLE | Modern |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Luxury Collective
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.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email