Turnkey, fully vacant, and beautifully remodeled Spanish Colonial Revival four-plex in the highly sought-after Vermont Knolls neighborhood. Each expansive two-bedroom residence spans nearly 1,000 square feet and has been thoughtfully upgraded throughout, featuring open-concept kitchens with stainless steel appliances and quartz countertops, modern bathrooms, in-unit laundry, tankless water heaters, wood flooring, generous closet space, and soaring nine-foot ceilings. Every unit includes its own private garage. The property is centered around a charming, gated courtyard with secure access and benefits from fully upgraded copper plumbing throughout. This is an ideal opportunity for an owner-occupant to live in one unit while renting the others, with projected rents of approximately $3,000 per unit per month - potentially offsetting the entire mortgage and operating expenses. Investors will also appreciate the additional upside through the ability to add up to four ADUs in the rear yard area, subject to approvals. The property also presents an excellent investment opportunity, as it can be leased immediately in its current condition and operate at an outstanding 6% cap rate. Located just one block from the brand-new Evermont Development, home to South LA Caf, a Metro transit plaza, and Seed LA STEM college preparatory school. The property is also conveniently situated minutes from SoFi Stadium, The Forum, SpaceX, USC, LAX, and Downtown Los Angeles.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 1
Appliances
- Free Standing Gas
- Oven-Gas
- Gas
- Laundry Features: Laundry Area
Other Rooms
- Breakfast Area
- Den/Office
- Dining Room
- Dining Area
- Walk-In Closet
Kitchen and Dining
- Counter Top
- Gourmet Kitchen
- Open to Family Room
- Quartz Counters
- Remodeled
- Stone Counters
Heating and Cooling
- Cooling Features: Heat Pump(s), Wall Unit(s)
- Fireplace Features: Bath, Dining, Gas, Kitchen, Living Room, Patio
- Heating Features: Heat Pump
- Water Heaters: Gas, Tankless
Interior Features
- Interior Amenities: Primary Suite, WalkInCloset, Primary Bedroom, Remodeled, Tile
- Flooring: Engineered Hardwood, Laminate, Marble
- Window Features: Drapes/Curtains
Garage and Parking
- Covered Spaces: 4
- Garage Spaces: 4
- Parking Features: Controlled Entrance, Detached, Door Opener, Garage - 4+ Car, Private Garage, Private
- Parking Total: 4
Land Info
- Lot Description: Back Yard, Exterior Security Lights, Fenced Yard, Front Yard, Lawn, Sidewalks, Single Lot, Walk Street
- Lot Size Acres: 0.1654
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 7203
Home Features
- View: Mountains
- Other Equipment: Ceiling Fan, Dryer, Gas Dryer Hookup, Range/Oven, Refrigerator
- Security Features: Carbon Monoxide Detector(s), Exterior Security Lights
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 4
- Unit Type: Apartments
- Bedrooms in Unit-1: 2
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Unit 1 Total Actual Rent: 12000
Rental Info
- Gross Income: 144000
- Gross Scheduled Income: 139680
- Tenant Pays: Electric, Gas, Water
Other Property Info
- Full Copper Plumbing,High Ceilings (9 Feet+),Double Door Entry
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 6
- Directions: Vermont Knolls. West of Vermont, North of 83rd
- Source Property Type: Residential Income
- Area: Metropolitan Southwest
- Source Neighborhood: Metropolitan Southwest
- Number of Separate Electric Meters: 4
- Number of Separate Gas Meters: 4
- Owner Pays: Gardener
- Parcel Number: 6033-021-007
- Postal Code Plus 4: 3560
- Property Location: Alley Access
- Zoning: LAR3
Farm Info
- Irrigation Source: Sprinkler System
Commercial Info
- Net Operating Income: 103197
- Operating Expense: 36483
Building and Construction
- Total Square Feet Living: 3906
- Year Built: 1937
- Building Exterior Type: Stucco, Wood
- Common Walls: Attached
- Direction Faces: West
- Levels: Multi Levels
- Living Area Source: Vendor Enhanced
- Property Age: 89
- Property Condition: Updated/Remodeled
- Roof: Clay
- Levels or Stories: 2
- House Style: Spanish
- Year Built Source: Vendor Enhanced
Utilities
- Sewer: In Street
- Water Source: Public
Accessibility Features
