$1,450,000
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 charming two-story Spanish-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.
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Listed by Yana Bekher with Associated Agents Realty (323) 455-9710
Property Type
Residential Income
Status
Active
MLS Number
26669985
Year Built
1924
Lot Size
7,126 sq ft