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This well-maintained quadruplex, located just a mile from USC Village, offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation.

Currently generating $173,064 in rental income with low expenses, this property boasts a solid 7.59% cap rate. As we approach the peak student rental season, current vacancies are expected to be filled, potentially increasing the annual rental income by up to $38,136.

The building consists of four remodeled and updated units, each approximately 1,100 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry machines, fully equipped kitchens, and furnished common spaces. Each unit is separately metered for gas and electricity. Bedrooms are currently rented to students and are equipped with a bed, desk, and mini-fridge.

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$1,595,000

3 beds /5 baths

MLS#:24-465431

Offers due January 8th, 2025 at 5 PM

In Craftsman fashion, this home was thoughtfully designed to reflect a focus on natural materials, preserving and enhancing quality craftsmanship and emphasizing a connection to the outdoors. With its charming layout and multiple living spaces, this property offers the privacy and versatility of a true estate accentuated by a beautiful and environmentally friendly landscape. Enter the main home through a covered, enclosed porch featuring classic Saltillo tile and an original stained wood and glass door. Inside, the living room invites you to relax with its decorative fireplace and soft sconce lighting. Sliding glass doors open to the front porch, creating a seamless indoor-outdoor flow. Adjacent to the living room, a step-up study or library offers a quiet retreat, while the grand formal dining room showcases original built-in Craftsman cabinetry, enhanced with a custom storage and seating area. The home's stunning original hardwood floors have been beautifully refinished, preserving their timeless charm and adding warmth throughout. The lower-level bathroom combines vintage character and modern comfort with a soaking tub, a 118-year-old pedestal sink, warm lighting, and original built-in cabinetry enhanced with storage space. The bright, spacious kitchen features updated appliances including a dishwasher, stove, and refrigerator paired with classic white cabinetry. A dedicated laundry room adjoins the kitchen, offering generous storage and convenience.Upstairs, the master suite is a true haven, featuring a spacious bonus room ideal for a sitting area, private office, or dressing space. The custom-designed walk-in closet provides ample storage, while the luxurious ensuite modern bathroom boasts rose gold fixtures a generously sized dual sink vanity and sleek, modern tile. The home's mostly original windows, complete with elegant latching hardware feature antique wavy glass and invite natural light to dance through each room, showcasing the craftsmanship of a bygone era. Two additional bedrooms on the upper floor are generously sized, offering stunning east-facing views of the downtown Los Angeles skyline. A third bathroom upstairs completes the home with its beautiful new vanity, shower-over-tub design, and bright, polished aesthetic with chrome finishes. The backyard outdoor spaces are equally captivating. Just steps from the back kitchen door, the attached junior ADU offers a flexible studio or guest retreat with its own private entry. Skylights bathe the space in natural light, highlighting sage green tile, a woodsy bathroom vanity, butcher block countertops, and airy sliding glass doors that lead to the outdoors.The detached ADU feels like a cozy cottage and is believed to be the original structure on the property. Fully updated with new walls, a reinforced foundation, and a fresh kitchen featuring butcher block countertops and light laminate flooring, it offers endless possibilities. The bathroom preserves the charm of its previously existing cast-iron clawfoot tub, carefully reinstalled as a luxurious centerpiece. Every aspect of this property's renovation was carefully considered, with all updates completed under city permits and fully inspected for quality and compliance. This unique home blends timeless Craftsman details with modern upgrades, offering a rare opportunity to own a property full of history, charm, and peace of mind.