2022 4th Avenue
Property Description
Rare opportunity to own a spacious fourplex in the heart of Mid Los Angeles with one large 2-bedroom unit delivered vacant, making this an excellent option for an owner-occupant or investor seeking immediate rental income with future upside. The property offers approximately 4,662 square feet of living area on an approximately 7,000 square foot lot and features two 2-bedroom units and two 1-bedroom units, each with generous floor plans of approximately 1,165 square feet and additional bonus space. The vacant 2-bedroom unit is bright and inviting with expansive living and dining areas, abundant windows, updated flooring, a spacious kitchen, approximately 1.75 baths, and in-unit laundry hookups. Three additional units are currently occupied and generate existing income, while the vacant unit provides an immediate opportunity for owner occupancy or market-rate rental income. Each unit has separately metered gas and electricity, helping simplify utility responsibilities. Additional highlights include four detached garage spaces, substantial off-street parking, gated frontage, and a large rear parking area. Ideally located near Koreatown, USC, Downtown Los Angeles, major employment centers, dining, shopping, public transportation, and the 10 Freeway. A compelling opportunity for an owner-user looking to offset housing costs with rental income or an investor seeking a well-located four-unit asset with existing income and meaningful long-term rental upside. Buyer to verify all square footage, permits, unit configurations, rents, expenses, and potential uses.
Broker Details
Smart Real Estate Solutions (619) 663-8680
MLS ID: SHUNGFEL State License Number: 01876487
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,349,999 |
| No. of Units: | 4 |
| Year Built: | 1918 |
| Opportunity Zone: | No |
| Price per unit: | $337,500 |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 8 |
ID: 3yd-MRMLSCA-OC26194984
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1028 N Hayworth Ave
West Hollywood, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout