Description
This fenced fourplex offers spacious layouts throughout and a private yard with parking for 4+ cars, a real advantage in this part of the city. Three units are vacant and one is occupied, making it well suited for an owner-user who wants to live in one unit and lease the others, or an investor ready to put the vacant units to work right away. The vacant units are in great condition and have been remodeled with new tile flooring, granite countertops, and other updates, so they're ready for immediate occupancy or leasing. With a potential 6.5% cap rate, the property offers plenty of creative ways to generate income. Its proximity to USC makes it a natural fit for student housing, and it also lends itself well to midterm rentals for traveling professionals, visiting faculty, and event-goers. The location is a major draw. The property sits just south of USC and Exposition Park, home to the LA Memorial Coliseum, BMO Stadium, the California Science Center, and the Natural History Museum. The E Line light rail and the 110 Freeway are close by, providing easy access to Downtown LA, Culver City, and Santa Monica. With the area set to be a focal point of the 2028 Olympics and steady rental demand from students, faculty, and professionals, this is a solid opportunity to establish a foothold in one of LA's most active neighborhoods. Priced competitively. Contact us today to schedule a showing.
Details
| MLS # | DW26209251 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1913 |
| Days On Site | 47 |
| Listing Provided By | Circle Real Estate | Dennis Cid |
Features
| SQ Feet | 2,724 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.13 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Up, All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|---|
| Fencing | Wrought Iron |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90037) | |
Price: $999,000 low | high Med: $819,000 sqft: 2,724 low | high Med: 4,556 $ / sqft: $367 low | high Med: $180 On site: 47 low | high Med: 83 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90037) | |
Price: $999,000 low | high Med: $819,000 sqft: 2,724 low | high Med: 4,556 $ / sqft: $367 low | high Med: $180 On site: 47 low | high Med: 83 | |
