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$ 1,300,000
Est. payment | /mo
2 Beds
5,544 SqFt
$ 1,300,000
Est. payment | /mo
2 Beds
5,544 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,544 sqft
Price per Sqft $234
MLS Listing ID CL26669985
Bedrooms 2
HOA Y/N No
Year Built 1924
Lot Size 7,127 Sqft
Acres 0.16
Property Sub-Type OTHER
Property Description
Prime investment opportunity with exceptional upside potential in the highly desirable Koreatown / Hancock Park adjacent neighborhood. This well-located 5,544 SF fourplex offers a stable in-place income, strong rental demand, and long-term appreciation in one of Los Angeles' most dynamic and supply-constrained rental markets. The two-story Spanish Colonial Revival style property features four spacious 2-bedroom, 1-bathroom units, with functional floorplans including formal living room, family room, large kitchen, inside laundry area. Located just minutes from Downtown Los Angeles and near Wilshire Boulevard, placing it within a vibrant, high-density corridor known for its diverse dining, shopping, and everyday conveniences. Residents benefit from convenient access to Metro lines and major transit routes, enhancing connectivity and overall desirability. The area continues to experience strong tenant demand, supporting consistent occupancy and long-term rental growth. With a clear value-add component, investors have the opportunity to increase rents to market levels as units turn over, significantly boosting cash flow, overall returns and strong future appreciation. Sold as-is, where-is, with tenants in place. Drive by only, do not disturb tenants.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 5518019004
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Listed by Yana Bekher • Associated Agents Realty
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