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Ernie Caponera

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

$948,888

Est. payment - /mo

5,201 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26083183

HOA Y/N No

Year Built 1948

Lot Size 5,201 Sqft

Property Sub-Type Quadruplex

Property Description

High-yield, stabilized 4-unit asset with strong in-place income and future upside in the path of Los Angeles' continued economic expansion. This approximately 2090 sqft multi-family property is 100% tenant-occupied, with four 1 bedroom units; three units are currently at market rents, offering investors immediate cash flow and a favorable going-in cap rate with additional rental upside for the fourth unit. The property features detached car garage structures plus two assigned parking spaces, ensuring each unit benefits from dedicated parking—a critical driver of tenant retention and rental premiums in dense Los Angeles markets. Separately metered utilities and a well-maintained layout contribute to low operating expenses and efficient management, making this an ideal turnkey hold with value-add potential. Strategically located with convenient access to major employment and school/university hubs as well as to transit corridors 110/105 fwys. Plus sits within close proximity to Downtown Los Angeles, USC Village, Hollywood Park, and Los Angeles International Airport—all key demand drivers for long-term and short-term housing. Positioned to benefit from the upcoming 2028 Summer Olympics, also nearby SoFi Stadium, Intuit Dome, BMO Stadium, LA Memorial Coliseum, USC, Crypto.com Arena, and DTLA Live Hub, Los Angeles is expected to experience millions of visitors this a significant surge in housing demand, with estimates of up to 15 million attendees which will continue to drive increased competition for rental housing and premium lease rates across the market. With strong current income, favorable cap rate dynamics, and exposure to one of the largest global events driving rental demand in Southern California, this property represents a compelling opportunity for investors seeking both immediate returns and long-term appreciation in a high-demand Los Angeles rental corridor. New multi-family projects are also underway as part of its up-and-coming modernization efforts. All four units are currently tenant-occupied with signed lease agreements. The property features fully functional utilities, bar-secured windows for added security and expansive driveway for add'l parking. This is a solid income-producing asset ready for your portfolio. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants and DO NOT walk on the property.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Heating Central

Cooling None

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Parking Features Assigned, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights

Total Parking Spaces 4

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6018025022

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Darwin Ciria MCLEOD AND ASSOCIATES darwin@themcleodteam.com, DRE #01981762

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"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

7831 S Normandie Los Angeles, CA 90044

Ernie Caponera

Key Details

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Interior

Exterior

Building

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7831 S Normandie