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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$899,000

Est. payment - /mo

6 Beds

4 Baths

2,265 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,265 sqft

Price per Sqft $396

MLS Listing ID 226001721

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1948

Lot Size 6,311 Sqft

Property Description

A well-maintained, pride-of-ownership quadruplex nestled in the heart of Los Angeles -- just three miles from SoFi Stadium and centrally positioned between Downtown LA and the beaches. This is a rare opportunity to acquire a fully-occupied, income-producing 4-unit property with a proven rent roll and immediate cash flow from day one.The property features a diversified unit mix of one studio, two one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit -- generating $6,595 per month ($79,140 annually) in gross rental income. Each unit is separately metered, keeping utility costs with the tenants and maximizing net operating income for the owner. The building also features three one-car garages and one carport, with tandem parking available in front of each space -- a premium amenity in the South LA rental market that commands tenant loyalty and reduces vacancy.The property has been remodeled and well-maintained, offering investors a true pride-of-ownership asset without deferred maintenance. Units feature open floor plans, washer/dryer hookups, and a welcoming aesthetic that keeps quality tenants in place. The 2-bedroom unit is a standout -- spacious, functional, and among the most in-demand floor plans in this submarket.Strategically located in Vermont Vista, this address sits within reach of major transit corridors, including Harbor Freeway Station (1.9 miles away), and is minutes from Los Angeles International Airport (7.6 miles), local shopping, restaurants, and top-rated schools in the Inglewood Unified School District. Whether your tenants commute to Downtown, the Westside, or the South Bay, this location delivers.For the investor, this property checks every box: stable tenancy, diversified unit mix to spread vacancy risk, no shared utilities, off-street parking, and market rents that present immediate value-add upside -- current rents sit approximately $790/month below the 90044 market ceiling, providing a clear path to increased income through natural turnover and RSO-compliant annual adjustments. This building is priced to move -- comparable 4-unit properties on this very street and throughout 90044 have sold in the $840,000-$965,000 range in 2025 alone.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD1.5

Interior

Heating Central

Flooring Laminate

Fireplace No

Appliance Gas Cooking, Water Heater

Exterior

Parking Features Gated

Garage Spaces 3.0

Garage Description 3.0

View Y/N No

Roof Type Flat

Total Parking Spaces 3

Private Pool No

Building

Lot Description Paved

Story 1

Foundation Raised

Sewer Public Sewer

Others

Senior Community No

Tax ID 6039014026

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Daniel Cuevas Real Brokerage Technologies #02004292

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

9206 Hoover ST Los Angeles, CA 90044

Ernie Caponera

Key Details

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Interior

Exterior

Building

Others

Nearby Locations

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9206 Hoover ST