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Excellent 4-unit investment opportunity in the heart of Los Angeles. This well-maintained multifamily property features a desirable unit mix of four 1 bedroom, 1 bath residences totaling approximately 3,192 rentable square feet on a 3,980 square foot lot. The property has been extensively improved, with all units remodeled in 2022 with permits. Upgrades include updated kitchens with quartz countertops and modern cabinetry, refreshed bathrooms with new vanities and tubs, durable laminate flooring, newer interior paint, updated fixtures and hardware, ceiling fans, ductless mini-split HVAC systems, and stackable washer and dryer units. Electrical meters were professionally upgraded in 2024, enhancing long-term reliability and insurability. Tenants enjoy a large on-site parking area, and the property is separately metered for gas and electricity, helping reduce owner operating expenses. The property is currently fully leased with strong in-place income, which offers immediate positive cash flow from day one, covering debt service even in today's elevated interest rate environment. Building is situated in a prime location, close proximity to USC and Downtown Los Angeles (DTLA), Korea town, Convention Center, LA Live, Crypto Arena, etc. Easy access to public transportation, metro lines, shopping center and major freeways such as Fwy 10 and Fwy 110, presenting significant advantages for investors looking to tap into the thriving local rental market. An ideal turnkey investment or 1031 exchange, this asset offers stable in-place income, reduced operational risk, and strong upside potential in one of Los Angeles' most dynamic rental markets.
Property Type(s):
Residential Income
| Last Updated | 1/20/2026 | Year Built | 1914 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Additional Details
| APPLIANCES | Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer/Dryer Stacked |
|---|---|
| AREA | C16 - Mid Los Angeles |
| HEAT | Electric |
| INTERIOR | Ceiling Fan(s) |
| LOT | 3981 sq ft |
| LOT DIMENSIONS | 3980 |
| PARKING | Driveway, On Site, Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Universal Elite Inc.
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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