Fourplex
424 W 108th W · Los Angeles, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 5/10 · Moderate
- Hot days now (above 87°F)
- 7 days/yr
- Hot days in 30 yrs
- 20 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 7 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +12.6/15.0
- Cash flow +12.4/30.0
- DSCR +3.7/10.0
- Schools +3.6/10.0
- Livability +3.4/5.0
- 1% rule +3.3/10.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$960,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records
5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.
Listing remarks MLS
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
Key facts
- 5,248 sq ft lot
- 4 garage spots
- Built 1940
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4 × 1-bed/?-bath units multifamily listed at $960k.
Deal economics
- At list price, monthly cash flow is $-166 ($-2k/yr) — negative. Per door: $-41/mo.
- To cash-flow at today's rent, offer at most $931k (3.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $799k (16.7% below list).
- Recommended offer: $799k (16.7% below list) — sets the bar for 1% rule.
- Cap rate 6.1% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, crime F, cost of living F.
- Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Figueroa Street Elementary (376 students, 98% FRL); Samuel Gompers Middle (443 students, 100% FRL); Valley Academy of Arts And Sciences (math 22% / reading 52%, grade F, #578 of 1,170 statewide, top 51%, 868 students, 64% FRL) — zoned schools average 88% FRL vs 67% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 38 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
- At $7,994/mo this rent would consume 157% of the median local household income ($61k/yr) (locally 1975% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $29k of value loss. Plan a longer hold.
- Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 68 days — a 6% lower offer ($902k) is reasonable based on typical stale-listing flexibility.
- 24 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 68 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.83% ✗
- Cap rate
- 6.09%
- Cash-on-cash
- -0.74%
- DSCR
- 0.97
- GRM
- 10.0
CMA / ARV
- ARV (median comp)
- $1,083,284
- List price
- $960,000
- Delta
- -11.38%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- -17.5%
- Equity multiple
- 0.38×
- Total profit
- $-166,093
- Equity at exit
- $143,139
- IRR
- -9.6%
- Equity multiple
- 0.41×
- Total profit
- $-158,119
- Equity at exit
- $83,003
Cash invested: $268,800 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (CITY)
- 0 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City Los Angeles
- 0 Strongly Tenant-Friendly · D+22
ZIP-level market 90061
- Active inventory
- 38
- Price-to-rent
- 40.0×
Monthly cashflow live
- Estimated rent
- $7,994 high interval (Pro) →
- Mortgage (P&I)
- −$5,034
- Tax from tax record
- −$1,047 /mo · $12,560/yr
- Insurance
- −$400
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$1,679
- Net cashflow
- $-166
Break-even live
Sensitivity live
| Price | -10% $378 | -5% $106 | +0% $-166 | +5% $-437 | +10% $-709 |
|---|---|---|---|---|---|
| Rent | -10% $-797 | -5% $-482 | +0% $-166 | +5% $150 | +10% $466 |
| Rate | -1.0pp $318 | -0.5pp $78 | base $-166 | +0.5pp $-415 | +1.0pp $-668 |
4-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 4× units | 1 | — | $7,992 |
| #1 | 1 | — | $1,998 |
| #2 | 1 | — | $1,998 |
| #3 | 1 | — | $1,998 |
| #4 | 1 | — | $1,998 |
| Total (4 units) | $7,994 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $240,000
- Closing costs
- $28,800
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 10970 S Figueroa St Unit 07 Los Angeles, CA | 2.0 | 1.0 | 780 | $1,775 | $2.28 | 26d | 1 | 0.16mi |
| 550 W 106th St Unit 550 Los Angeles, CA | 1.0 | 1.0 | 572 | $1,650 | $2.88 | 5d | 1 | 0.24mi |
| 540 W 111th Pl Los Angeles, CA | 3.0 | 2.0 | 1028 | $3,750 | $3.65 | 45d | 1 | 0.35mi |
| 118 W 109th St Unit 3/4 Los Angeles, CA | 3.0 | 2.0 | 1000 | $2,850 | $2.85 | 26d | 1 | 0.37mi |
| 10914 Main St Unit 202 Los Angeles, CA | 2.0 | 1.0 | 570 | $2,595 | $4.55 | 20d | 1 | 0.44mi |
| 10914 Main St Unit 202 Los Angeles, CA | 2.0 | 1.0 | 570 | $2,595 | $4.55 | 1d | 1 | 0.44mi |
| 142 W 111th Pl Unit 142 Los Angeles, CA | 2.0 | 1.0 | 730 | $2,350 | $3.22 | 3d | 1 | 0.44mi |
| 647 W 112th St Los Angeles, CA | 3.0 | 1.0 | 933 | $3,200 | $3.43 | 45d | 1 | 0.46mi |
| 745 W 106th St Los Angeles, CA | 2.0 | 1.0 | 804 | $3,000 | $3.73 | 45d | 1 | 0.47mi |
| 607 W 101st St Los Angeles, CA | 2.0 | 1.0 | 995 | $2,800 | $2.81 | 26d | 1 | 0.53mi |
| 146 E 104th St Los Angeles, CA | 3.0 | 1.0 | 1100 | $3,452 | $3.14 | 9d | 1 | 0.56mi |
| 10516 1/2 S Vermont Ave Los Angeles, CA | 2.0 | 1.0 | 850 | $2,095 | $2.46 | 45d | 1 | 0.60mi |
| 10514 1/4 S Vermont Ave Los Angeles, CA | 1.0 | 1.0 | 650 | $1,695 | $2.61 | 9d | 1 | 0.61mi |
| 10514 1/4 S Vermont Ave Los Angeles, CA | 3.0 | 2.0 | 1025 | $3,495 | $3.41 | 45d | 1 | 0.61mi |
| 136 W 99th St Unit 136 Los Angeles, CA | 1.0 | 1.0 | 600 | $1,995 | $3.33 | 45d | 1 | 0.65mi |
| 113 W Century Blvd Los Angeles, CA | 2.0 | 1.0 | 600 | $2,200 | $3.67 | 45d | 1 | 0.65mi |
| 136 1/2 W 99th St Unit 136 1/2 Los Angeles, CA | 1.0 | 1.0 | 600 | $2,295 | $3.83 | 45d | 1 | 0.66mi |
| 9715 S Broadway Unit 1 Los Angeles, CA | 3.0 | 1.0 | 950 | $2,990 | $3.15 | 45d | 1 | 0.69mi |
| 817 W 101st St Los Angeles, CA | 2.0 | 1.0 | 638 | $2,100 | $3.29 | 45d | 1 | 0.70mi |
| 1037 W 108th St Apt 5 Los Angeles, CA | 2.0 | 1.0 | 870 | $2,100 | $2.41 | 26d | 1 | 0.71mi |
| 319 E 106th St Unit 317 1/4 Los Angeles, CA | 2.0 | 1.0 | 728 | $2,887 | $3.97 | 45d | 1 | 0.72mi |
| 1043 W 107th St Unit 1 Los Angeles, CA | 2.0 | 1.0 | 800 | $2,200 | $2.75 | 9d | 1 | 0.72mi |
| 820 W Imperial Hwy Unit 3 Los Angeles, CA | 3.0 | 1.5 | 900 | $2,500 | $2.78 | 45d | 1 | 0.72mi |
| 216 1/2 E 101st St Los Angeles, CA | 1.0 | 1.0 | 800 | $1,600 | $2.00 | 26d | 1 | 0.72mi |
| 11645 S Figueroa St Unit 3 Los Angeles, CA | 2.0 | 1.5 | 900 | $2,595 | $2.88 | 45d | 1 | 0.73mi |
| 11134 S New Hampshire Ave Unit 10 Los Angeles, CA | 1.0 | 1.0 | 750 | $1,625 | $2.17 | 26d | 1 | 0.74mi |
| 11134 S New Hampshire Ave Los Angeles, CA | 1.0 | 1.0 | 750 | $1,625 | $2.17 | 45d | 1 | 0.74mi |
| 245 E 102nd St Los Angeles, CA | 3.0 | 2.0 | 1074 | $2,900 | $2.70 | 45d | 1 | 0.75mi |
| 113 W 97th St Los Angeles, CA | 1.0 | 1.0 | 540 | $1,550 | $2.87 | 26d | 1 | 0.82mi |
| 9617 1/2 S Hoover St Los Angeles, CA | 1.0 | 1.0 | 600 | $2,000 | $3.33 | 45d | 1 | 0.82mi |
| 1073 W 112th St Los Angeles, CA | 3.0 | 2.0 | 800 | $3,200 | $4.00 | 45d | 1 | 0.82mi |
| 1031 W 102nd St Apt 1 Los Angeles, CA | 3.0 | 2.0 | 1080 | $2,950 | $2.73 | 24d | 1 | 0.82mi |
| 1125 1/2 W 111th St Los Angeles, CA | 1.0 | 1.0 | 625 | $1,650 | $2.64 | 26d | 1 | 0.84mi |
| 209 E 116th Pl Unit 209 Los Angeles, CA | 3.0 | 1.0 | 1000 | $3,915 | $3.92 | 45d | 1 | 0.85mi |
| 1127 W 111th St Los Angeles, CA | 2.0 | 1.0 | 800 | $2,095 | $2.62 | 26d | 1 | 0.86mi |
| 1153 W 106th St Unit 04 Los Angeles, CA | 1.0 | 1.0 | 550 | $1,800 | $3.27 | 45d | 1 | 0.86mi |
| 145 E 97th St Los Angeles, CA | 2.0 | 1.0 | 600 | $2,400 | $4.00 | 45d | 1 | 0.88mi |
| 130 E Colden Ave Unit 1 Los Angeles, CA | 2.0 | 1.0 | 890 | $2,650 | $2.98 | 7d | 1 | 0.89mi |
| 145 W 118th Pl Los Angeles, CA | 1.0 | 1.0 | 600 | $1,600 | $2.67 | 12d | 1 | 0.90mi |
| 10623 S Budlong Ave Los Angeles, CA | 2.0 | 1.0 | 700 | $2,095 | $2.99 | 5d | 2 | 0.90mi |
Listing history 50 events
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2026-06-21days on market $960,000 Active 68 DOM
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2026-06-18days on market $960,000 Active 65 DOM
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2026-06-17pricedays on market $960,000 Active 64 DOM
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2026-06-16days on market $955,000 Active 63 DOM
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2026-06-15days on market $955,000 Active 62 DOM
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2026-06-13days on market $955,000 Active 60 DOM
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2026-06-10price $955,000 Active 56 DOM
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2026-06-09days on market $960,000 Active 56 DOM
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2026-06-08days on market $960,000 Active 55 DOM
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2026-06-07days on market $960,000 Active 54 DOM
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2026-06-04days on market $960,000 Active 51 DOM
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2026-06-03days on market $960,000 Active 50 DOM
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2026-06-02days on market $960,000 Active 49 DOM
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2026-06-01days on market $960,000 Active 48 DOM
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2026-05-31days on market $960,000 Active 47 DOM
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2026-05-13price $960,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
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2026-05-06price $955,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
-
2026-05-01price $960,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
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2026-04-23price $955,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
-
2026-04-15price $960,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
-
2026-04-15price $955,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
-
2026-04-14$960,000 Active 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
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2026-04-10historical $960,000 1052-char remark
Show marketing remark (1052 chars)
Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • Separate electric and gas meters • 4 one-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,248 SF lot • Proven income-producing asset • Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
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2023-07-03historical $1,595
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2022-02-03price $1,595
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2021-05-14soldstatus $875,000
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2021-05-13soldstatus $885,000 Closed Sale 680-char remark
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-05-13soldstatus $885,000 Closed Sale
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-04-13status Pending Sale 680-char remark
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-04-13status Pending Sale
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-04-06status Active
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-04-06status Active 680-char remark
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-03-27status Pending Sale 680-char remark
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-03-27status Pending Sale
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-03-17status Active
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2021-03-17historical Active Under Contract
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2021-03-10$875,000 Active 680-char remark
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-03-10$875,000 Active
Show marketing remark (680 chars)
Excellent opportunity to own a 4-plex in prime Los Angeles area. Live in one unit and rent the others or rent them all! Units are all kept in great condition by tenants and property owners and have all been remodeled with modern style laminate and tile floors, kitchen cabinets and counters and dual pane windows. All units are individually metered for gas and electricity and each unit has 2 assigned parking spaces: 1 enclosed garage and 1 uncovered space. Units are nicely distributed into one large lower level unit featuring 5 bedrooms/2 baths and two - 2 bedroom/1 bath units above. The detached back building features a 2 bedroom 1 bath unit above the 4 individual garages.
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2021-02-23status Active
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2021-02-23status Active
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2020-09-05$875,000 Active
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2020-08-17$875,000 Active
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2018-04-02historical Cancelled
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2018-04-02historical
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2018-01-15Active
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2018-01-15$769,900
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2016-04-19soldstatus $599,000 Closed
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2016-04-19soldstatus $599,000
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2016-04-19soldstatus $599,000
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2016-03-08status Backup Offers Accepted
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast CA · Resets to sale price
- Current annual tax
- $12,560 · $1,047/mo
- Projected year-2 tax
- $12,560 · $1,047/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 5/10 Major 7 d/yr ≥87°F today · 20 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out
Nearby sold comps map
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Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $95,928
- − Mortgage interest
- −$53,775
- − Property taxes
- −$12,560
- − Insurance
- −$4,800
- − Repairs & maintenance
- −$7,674
- − Management
- −$7,674
- − Depreciation
- −$27,927
- Taxable loss
- −$18,483
- Est. tax savings @ 24.0%
- +$4,436
- After-tax cash flow
- $2,447/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Los Angeles Unified
- NCES district ID
- 0622710
- Math proficiency
- 29% ▼ -4.00%
- Reading proficiency
- 54% ▲ 10.00%
- Median HH income
- $50,403
- Composite
- 35.67/100
- National rank
- #4875
- State rank
- #223 of 517 in CA
Livability — Los Angeles
- Score
- 68/100
- State rank
- #273
- US rank
- #9237
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Los Angeles, CA
- County
- Los Angeles County · 9,444,647 people
- City population
- 3,838,149
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Population (ZIP)
- 30,051
- Household income
- $61,046
- Rent vs Own
- Severe rent burden
- 1975.0
Population outlook (Los Angeles County) Hauer SSP2
- Today (2025)
- 10,940,515 people
- By 2030
- 11,256,481 · +2.9%
- By 2040
- 11,729,929 · +7.2%
- By 2050
- 11,948,407 · +9.2%
- By 2075
- 11,818,114 · +8.0%
- By 2100
- 10,842,928 · -0.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Hispanic (70%)
- Race & ethnicity
- Hispanic / Latino 70% Black 26% Two or more races 22% Native American 3% White 2%
- Hispanic origin (detail)
- Mexican 51%
- Common ancestry
- British 1%
- Foreign-born
- 32% · Canada, Jamaica
- Languages at home
- 38% English-only · Spanish 61%
Political lean MEDSL · Los Angeles
- 2024 margin
- Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
- 2008→2024 swing
- -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
- All cycles
- 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -528.07%
- Current HPI
- 502.9923
- Rent YoY
- —
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
|
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| Financial Services | 3 | $174B |
|
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| Retail | 3 | $44B |
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| Insurance | 3 | $26B |
|
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| Media / Entertainment | 2 | $115B |
|
||
| Pharmaceuticals / Biotech | 2 | $62B |
|
||
Price history
+805.7% since first listed67 events — show timeline
- 2026-05-13 Price Changed $960,000 CRMLS
- 2026-05-06 Price Changed $955,000 CRMLS
- 2026-05-01 Price Changed $960,000 CRMLS
- 2026-04-23 Price Changed $955,000 CRMLS
- 2026-04-15 Price Changed $960,000 CRMLS
- 2026-04-15 Price Changed $955,000 CRMLS
- 2026-04-14 Listed $960,000 CRMLS
- 2026-04-10 Coming Soon $960,000 CRMLS
- 2023-07-03 Rental Removed $1,595 APPFOLIO
- 2022-02-03 Price Changed $1,595 RENT.
- 2021-05-14 Sold (Public Records) $875,000 Public Records
- 2021-05-13 Sold (MLS) $885,000 CRMLS
- 2021-05-13 Sold (MLS) $885,000 CRMLS
- 2021-04-13 Pending — CRMLS
- 2021-04-13 Pending — CRMLS
- 2021-04-06 Relisted — CRMLS
- 2021-04-06 Relisted — CRMLS
- 2021-03-27 Pending — CRMLS
- 2021-03-27 Pending — CRMLS
- 2021-03-17 Relisted — CRMLS
- 2021-03-17 Contingent — CRMLS
- 2021-03-10 Listed $875,000 CRMLS
- 2021-03-10 Listed $875,000 CRMLS
- 2021-02-23 Relisted — CRMLS
- 2021-02-23 Relisted — CRMLS
- 2020-09-05 Listed $875,000 CRMLS
- 2020-08-17 Listed $875,000 CRMLS
- 2018-04-02 Listing Removed — SDMLS
- 2018-04-02 Delisted — TheMLS
- 2018-01-15 Listed $769,900 SDMLS
- 2018-01-15 Listed — TheMLS
- 2016-04-19 Sold (Public Records) $599,000 Public Records
- 2016-04-19 Sold (MLS) $599,000 SDMLS
- 2016-04-19 Sold (MLS) $599,000 TheMLS
- 2016-03-08 Pending — TheMLS
- 2016-02-02 Listed $599,000 TheMLS
- 2016-02-02 Listed $599,000 SDMLS
- 2015-09-14 Listing Removed — SDMLS
- 2015-09-14 Delisted — TheMLS
- 2015-09-08 Relisted — TheMLS
- 2015-09-07 Delisted — TheMLS
- 2015-08-17 Relisted — TheMLS
- 2015-08-14 Delisted — TheMLS
- 2015-04-10 Listed — TheMLS
- 2015-04-10 Listed $599,000 SDMLS
- 2015-03-18 Listing Removed — SDMLS
- 2015-03-18 Delisted — TheMLS
- 2015-01-18 Listed — TheMLS
- 2015-01-18 Listed $549,000 SDMLS
- 2014-07-26 Delisted — TheMLS
- 2014-03-03 Price Changed — TheMLS
- 2014-03-03 Price Changed — TheMLS
- 2014-02-27 Listed — TheMLS
- 2010-05-17 Delisted — TheMLS
- 2010-04-10 Pending — TheMLS
- 2010-01-11 Listed — TheMLS
- 2006-12-29 Sold (Public Records) $595,000 Public Records
- 2005-05-19 Sold (Public Records) $600,000 Public Records
- 2004-08-08 Sold (MLS) $460,000 CRMLS
- 2004-07-26 Sold (Public Records) $450,000 Public Records
- 2004-04-08 Listed $425,000 CRMLS
- 2002-09-28 Delisted — TheMLS
- 2002-06-28 Listed — TheMLS
- 2000-07-31 Sold (Public Records) $250,000 Public Records
- 1999-07-20 Sold (Public Records) $209,500 Public Records
- 1987-03-13 Sold (Public Records) $140,000 Public Records
- 1981-10-02 Sold (Public Records) $106,000 Public Records
Property tax history
+2.5%/yrLatest (2025): $12,560 · +1.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…