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$2,400,000
Est. payment /mo
12 Beds
8 Baths
7,003 Sqft Lot
Open House
Sat Apr 25, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26087605
Bedrooms 12
Lot Size 7,003 Sqft
Lot Dimensions 140x50
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent opportunity to acquire a 2017-built, non-rent controlled fourplex in the high-demand Mid-City submarket of Los Angeles. The asset is surrounded by new development, with a nearby comparable sale at $3,100,000 and $3,700,000, supporting long-term value and appreciation. The property features an attractive unit mix of two 3-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and one 2-bedroom, 2-bath unit, with spacious layouts ranging from approximately 1,000 to 1,400 square feet, with the largest unit offering the most expansive living space., totaling 5,263 SF on a 7,000 SF lot, offering scale and strong rental appeal. Each unit features: -In-unit washer/dryer -Stainless steel appliances -HVAC -Open floor plans with large bedrooms -Separate utility metering At approximately $456/SF, the property is priced below current replacement cost, providing an attractive basis for investors without the risks and timelines associated with new development. Ideally located in the heart of Mid-City, the property offers convenient access to some of Los Angeles most sought-after destinations, including the Arts District, Helms Bakery District, Cumulus (home to Whole Foods), Culver City Steps, and Ivy Station. The area is surrounded by major employment hubs, with companies such as Apple, Amazon Studios, Sony Pictures, HBO, and Beats Electronics contributing to continued growth and strong rental demand. Residents also enjoy excellent walkability to nearby coffee shops, grocery stores including Target and Sprouts, gyms, retail, entertainment, and a wide variety of restaurants. This ce
Location
State CA
County Los Angeles
Zoning Public Rec
Direction I-10 W. Take exit 9 from I-10 W, Take exit 9 toward Crenshaw Blvd, Continue on S Crenshaw Blvd. Take W Washington Blvd to Saturn
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5067009053
Acceptable Financing Cash, Conventional, Exchange, FHA
Listing Terms Cash, Conventional, Exchange, FHA
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Listed by Azucena Carrillo, DRE#02036492 Circle Real Estate
Nearby School & Business
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