To access the marketing package copy/paste: https://bit.ly/kitehillre. 4045 Manila Ave is one of those rare multi-family properties that works equally well as a primary residence and an investment. A vacant, fully renovated unit is move-in ready for an owner-occupant, while three tenanted units generate over $6,300 per month — effectively… Read More letting the building pay for itself while you live on-site. The vacant unit has been completely updated with high-end finishes and new appliances throughout, and is flooded with natural light that gives the space a warmth and livability that's genuinely hard to find in a multi-unit building. From the moment you arrive, the property makes an impression — beautifully landscaped with striking palm trees and manicured artificial grass, the curb appeal here is exceptional and sets it apart from anything else on the block. The fundamentals are equally strong for a pure investor. All four units are 1-bedroom / 1-bath layouts — an ideal mix for consistent tenant demand — with fully occupied income reaching $9,000 per month and meaningful upside as rents grow to market at turnover. Utilities are separately metered, keeping operating costs low and NOI healthy with minimal management complexity. Read Less
Property listed by Kite Hill Real Estate, Jatin Mehta 310-259-7556
Listing Snapshot
Days Online
35
Last Updated
Property Type
Quadruplex
Lot Size
0.09 Acres
Year Built
1916
MLS Number
41124746
Additional Details
Building
Built in 1916, Construction Materials: Stucco
Disclosures
RentControl, SeismicHazard
Floors
Wood
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Lot
0.0918 acres, CornerLot
Parking
None
Taxes
Parcel Number: 1210054
Tenant Pays
Gas
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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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