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Julie Mulcahy

allyourdreamhomes@gmail.com +1(702) 278-3559

$ 959,000

Est. payment | -/mo

8 Beds

4 Baths

2,544 SqFt

Save

$ 959,000

Est. payment | -/mo

Save

8 Beds

4 Baths

2,544 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,544 sqft

Price per Sqft $376

MLS Listing ID 26853219

Bedrooms 8

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1959

Lot Size 5,863 Sqft

Property Description

Exceptional Value-Add Fourplex in the Heart of South Los Angeles!Pride of ownership shines throughout this well-maintained four-unit investment property, offered for sale for the first time in many years by the same family. Featuring four spacious 2-bedroom, 1-bath units, this fully occupied asset offers immediate, reliable cash flow with long-term tenants who have an excellent history of on-time rent payments.The property offers outstanding curb appeal with a freshly painted exterior, secure gated entry, covered parking, and attractive drought-tolerant landscaping, all situated directly across from a neighborhood park that enhances the tenant experience.Two units have been tastefully maintained, while two offer an excellent opportunity for cosmetic improvements, allowing the next owner to increase value and maximize future rental income. Separate gas and electric meters minimize operating expenses, with the seller currently responsible for only water and trash.Located on an LCR3YY-zoned lot, this property presents exciting long-term upside, including the potential to add an Accessory Dwelling Unit (ADU) or further enhance the site (buyer to independently verify all development possibilities with the City of Los Angeles).Conveniently located near schools, shopping, public transportation, major freeways, and Downtown Los Angeles, this is an outstanding opportunity for investors seeking stable income today with significant future appreciation and value-add potential.Property Highlights:* Four spacious 2-bedroom, 1-bath units* Fully occupied with long-term, reliable tenants* Strong history of on-time rent payments* Freshly painted exterior with excellent curb appeal* Secure gated entry and covered parking* Separate gas and electric meters* Seller pays only water * Directly across from a neighborhood park* LCR3YY zoning with potential ADU/development opportunities (buyer to verify)Please do not disturb tenants. Drive-by only. Interior inspection subject to an accepted offer. Buyer to independently verify all information, including square footage, zoning, permits, rent control status, development potential, and all aspects of the property.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LCR3YY

Interior

Heating Natural Gas

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features Carport

Carport Spaces 4

Pool None

Community Features Gated

Roof Type Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Entry Level Two

Foundation Slab

Sewer Sewer Tap Paid

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 6008031026

Security Features Gated Community

Acceptable Financing Trust Deed

Listing Terms Trust Deed

Financing Conventional,Private

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Vania Rincon EstateX inc. #01489265

Nearby School & Business

+1(702) 278-3559

allyourdreamhomes@gmail.com

39899 Balentine Dr. Suite 200, Newark, CA, 94560, United States

6214 Hooper AVE Los Angeles, CA 90001