Description
Prime newer construction 4-unit investment opportunity
built in 2023 by ocean development, this fully leased 4-unit property offers strong cash flow with current monthly rental income of $14,526 — with additional upside through future rent increases. each spacious unit features 3 bedrooms, 2+ bathrooms, and approximately 1,300 sq ft of modern, high-quality living space.
designed for low maintenance and maximum appeal, each unit includes solid wood kitchen cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. separate electric, gas, and water meters ensure tenants pay their own utilities. owned solar systems further reduce operational costs, maximizing your bottom line.
located in an area with strong tenant demand, the property is non-rent-controlled, offering flexibility for future rent growth. parking is abundant with two 3-car garages servicing the front and rear units, plus additional off-street parking.
professional concierge property management is available, making this a turnkey, headache-free investment. a rare opportunity for investors seeking immediate cash flow, long-term appreciation, and a high-quality, easy-to-manage asset.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49540104
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Composition
- Property Appliances: Refrigerator
- Fireplace: None
Cooling Features
- None
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 2023
- Building Area Total: 5,187
- Construction: Stucco
- Roof: Composition
Foundation
- Slab
Pool Features
- None
Laundry Features
- Inside
Fencing
- Wood,Wrought Iron
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1756
- Lot Size Source: Assessor
- Lot Size Square Feet: 7648
-
Listing Information
Listing Price Information
- Original List Price: 2,350,000
- Listing Contract Date: 2025-04-14
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 6032027026
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: All Utilities
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Postal Code Plus 4: 6026
- Directions: Between Hoover St and Figueroa St on South side of street
- Zoning: LARD1.5
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Quadruplex
Building and Construction
- Property Age: 2
- Common Walls: 1 Common Wall
- Structure Type: Quadruplex
- Year Built Source: Builder
- Entry Level: 1
- Entry Location: front of property
- Property Attached: Yes
- Levels or Stories: One,Two
- Building Total Stories: 1
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BuyOwner last updated this listing 05/13/2025 @ 14:49
- MLS: OC25090025
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 12 bedrooms which is for sale, it has 5,187 sqft, 7,648 sized lot, and 6 parking. are nearby neighborhoods.