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Listed by Melinda Brock • Estate Properties
$ 998,000
Est. payment | /mo
3,462 SqFt
$ 998,000
Est. payment | /mo
3,462 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $288
MLS Listing ID SB-25183018
Year Built 1963
Lot Size 4,806 Sqft
Property Sub-Type Quadruplex
Property Description
Positioned on a high-visibility corner in a walkable neighborhood, this four-unit building presents a compelling opportunity for investors seeking stability, upside potential, and minimal immediate maintenance. With key capital improvements already completed--including **new dual-pane windows (2023)** and a **new roof (2024)**--the property is well-positioned for long-term performance. Two of the units have been upgraded with **newer furnaces** and **tankless water heaters**, reducing future replacement costs and enhancing tenant satisfaction. Each unit is notably **light and spacious**, contributing to tenant retention and consistent occupancy. The property includes **four off-street parking spaces**, a valuable amenity in this area, and is located within walking distance of both an **elementary school** and **local shopping**, making it attractive to a broad tenant base. All appliances are tenant-owned, with the exception of Unit 4, minimizing owner responsibility for replacements. **Importantly, the building falls under **Los Angeles City Rent Control (RSO)** guidelines, offering predictable regulatory parameters for long-term planning.This is a turn-key asset with strong fundamentals--ideal for investors looking to hold and benefit from steady cash flow, future appreciation, and a location that supports consistent demand
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LAR1
Interior
Heating Wall Furnace
Flooring Tile
Fireplaces Type None
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description Corner Lot
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114