Exceptional 4-unit investment opportunity in Mid-Wilshire, situated between Koreatown and Arlington Heights. This very well-maintained, fully fenced, and secured fourplex features 4 spacious 2-bedroom, 1-bath units, each over 1,200 sq. ft., with each unit having its own in-unit washer and dryer. The property sits on a large 8,100 sq. ft.… Read More lot with a building size of over 4,900 sq. ft., zoned LARD1.5, offering future development potential. All units will be delivered vacant, allowing for immediate renovations and up to 37% rental upside, with each unit having the potential to rent north of $3,000 per month. Once stabilized, the pro forma CAP rate is projected at 6.34%, ensuring strong returns. Additional highlights include a 4-car garage, with two garages currently set up as an accessory space. Every unit is separately metered gas and electricity. Located in a highly desirable neighborhood within a 15-minute drive to Koreatown, Hollywood, and Downtown LA, this is a rare opportunity to own a turnkey, income-generating property in one of LAs most sought-after areas. Read Less
Courtesy of RE/MAX One, , Mona Golastani.
Listing Snapshot
Days Online
101
Last Updated
Property Type
Res Income 2-4 Units
Beds
2
MLS Number
SR25024850
30 Days Snapshot Of 90019
$1.49M
-2%
(avg) sold price
3
-62%
homes sold
43
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 0, Building area total: 0, Living area: 0
Lot
Size area: 0.186
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income
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