A four-unit income producing property with charm and character in the heart of Valley Village, adjacent to Studio City. Excellent location. The property features a desirable unit mix of two 1 bedroom/1 bath units and two 2-bedroom/1 bath units, all with hardwood floors throughout. Strong value add opportunity… Read More with excellent upside in rents and relatively low maintenance expenses. Property improvements include a newer electrical panel, copper plumbing, and a convenient on-site laundry room located off the carports. Ideally situated near Gelson’s, the popular Marie et Cie coffee house, Starbucks, and Colfax Elementary School. All units are currently rented on month-to-month leases. Units are eligible for rent increases beginning February 2027. Excellent opportunity for a buy-and-hold investor seeking long-term growth and income potential. Please respect tenant privacy. Drive-by only. Do not disturb occupants. Read Less
Property listed by Access Southland Real Estate, David Ash 310-259-7556
Listing Snapshot
Days Online
13
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1951
MLS Number
IG26084067
Additional Details
Building
Built in 1951, 1 building, 2 stories, Entry level: 1, Entry location: Street
Community
StreetLights, Sidewalks
Expenses
Fuel: $326, Gardener: $780, Insurance: $3,527, Maintenance: $970, Operating: $27,212, Pest Control: $1,224, Water/Sewer: $4,721, Other Expense: $750
Income
Gross Income: $78,758, Gross ScheduledIncome: $78,758, Net Operating Income: $51,546
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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