Fantastic opportunity to acquire a FULLY VACANT 4-unit rental property in Wilshire Park, primed for immediate income generation and value-add potential. With many system upgrades and updated units, this property will be delivered 100% vacant, allowing for investors to lease at current market rents from day one - maximizing cash… Read More flow without tenant restrictions. Also presents a unique option to live in the main house, and receive passive income to help pay down your mortgage! The front building features a spacious 5-bedroom + den residence, ideal for a high-income rental, owner-user, co-living model, or live/work use. Its flexible layout includes a large kitchen, formal dining room, expansive living areas, laundry room, and dual staircases offering multiple income strategies.In the rear, two updated 1-bedroom units plus a studio provide additional revenue streams with strong market rent potential. The property also includes private garages (potential ADU conversion, buyer to verify) and ample gated parking further enhancing income possibilities. Situated on a gated lot with mature landscaping and multiple outdoor areas, the property offers added tenant appeal and long-term development upside. A turnkey opportunity for investors seeking a centrally located asset with immediate leasing potential, strong rental fundamentals, and multiple paths to increase value.Strategically located in the heart of Los Angeles, just minutes from Hancock Park, Larchmont Village, Mid-Wilshire, Koreatown, and Hollywood, the property benefits from consistently strong rental demand and proximity to major employment, dining, and lifestyle hubs. Read Less
Property listed by KW Westside Estates, Richard Schulman 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Beds
7
Square Ft.
4,138
Lot Size
0.17 Acres
Year Built
1924
MLS Number
26666323
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Dryer
Building
Built in 1924, Living area: 4138.0, 2 buildings, Building faces East, 2 stories, Levels: Two, Construction Materials: Stucco
Community
Gated
Cooling
CentralAir
Exterior Features
Patio/Porch Features: Enclosed
Foundation
Raised
Garage
4 spaces
Heating
Central
Interior Features
CeilingFans
Laundry
InKitchen
Lot
0.1722 acres
Parking
6 open parking spaces, 10 total parking spaces, DoorSingle, Garage, Uncovered
Pool
None
Security Features
GatedCommunity
Taxes
Parcel Number: 5090032012, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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