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148 S Normandie Avenue, Los Angeles
$1,750,000
7 Beds ⋅ 6 Baths ⋅ PF26151135 MLS ⋅ Active Status
Prime Koreatown Covered Land Play & Value-Add Opportunity! This exceptional site features high-density LAR4 zoning with a TOC Tier 2 designation, unlocking massive density bonuses, increased FAR, and reduced parking requirements for a future luxury residential complex. Positioned within an official Qualified Opportunity Zone (QOZ), the property offers incoming investors substantial tax incentives and capital gains deferrals. Located in the highly desirable Wilshire Center/Koreatown submarket (90004), 148 S Normandie Ave is situated on a prime ±5,944 sq. ft. corner lot, perfectly pairing stable immediate cash flow with massive development upside. Operational flexibility with the current tenants are on Month-to-Month leases, delivering a frictionless path for a developer looking to break ground or a value-add buyer looking to immediately capture true market-rate stabilization. Owner overhead is kept low, as all units are individually metered for electricity and gas, strictly limiting utility exposure. Do not miss this secure, low-overhead wealth preservation vehicle in one of Los Angeles' most supply-constrained rental markets!

148 S Normandie Avenue, Los Angeles

1063 E 49th Place, Los Angeles
$1,200,000
8 Beds ⋅ 4 Baths ⋅ PW26148827 MLS ⋅ Active Status
Rare Los Angeles Fourplex — One Unit Delivered Vacant! Rare opportunity to own a well-maintained four-unit income property in Los Angeles with income today and flexibility from day one. Three units are currently tenant occupied and producing rent, while a spacious 2-bedroom, 2-bath unit is vacant — giving the new owner options no fully-occupied fourplex can offer. Lease it at current market rent, move in, or upgrade and maximize income — the choice is yours. And because this is a 2–4 unit property, owner-occupant buyers may qualify for low-down-payment financing not available on larger investment buildings (buyer to verify with lender). Live in one, and let three rental units help carry the payment. The property also features ample on-site parking, including a large parking pad plus a separate fully paved bonus parking lot — a rare and valuable feature for Los Angeles multifamily, and a real advantage when leasing. Set on a generous 5,914 sq ft lot with convenient access to shopping, dining, public transportation, major freeways, and employment centers throughout Los Angeles. 4 units · 8 bedrooms · 4 baths · 3,321 sq ft · 5,914 sq ft lot · Built 1922 · Offered at $1,200,000 Three units leased. One unit vacant. One rare chance. Showings available now — call today.

1063 E 49th Place, Los Angeles

1063 E 49th Place, Los Angeles
$1,200,000
PW26148828 MLS ⋅ Active Status
Rare Los Angeles Fourplex — One Unit Delivered Vacant! Rare opportunity to own a well-maintained four-unit income property in Los Angeles with income today and flexibility from day one. Three units are currently tenant occupied and producing rent, while a spacious 2-bedroom, 2-bath unit is vacant — giving the new owner options no fully-occupied fourplex can offer. Lease it at current market rent, move in, or upgrade and maximize income — the choice is yours. And because this is a 2–4 unit property, owner-occupant buyers may qualify for low-down-payment financing not available on larger investment buildings (buyer to verify with lender). Live in one, and let three rental units help carry the payment. The property also features ample on-site parking, including a large parking pad plus a separate fully paved bonus parking lot — a rare and valuable feature for Los Angeles multifamily, and a real advantage when leasing. Set on a generous 5,914 sq ft lot with convenient access to shopping, dining, public transportation, major freeways, and employment centers throughout Los Angeles. 4 units · 8 bedrooms · 4 baths · 3,321 sq ft · 5,914 sq ft lot · Built 1922 · Offered at $1,200,000 Three units leased. One unit vacant. One rare chance. Showings available now — call today.

1063 E 49th Place, Los Angeles

909 W Denni Street, Los Angeles
$1,475,000
FR26150350 MLS ⋅ Active Status
Rare four unit investment opportunity situated on a prominent corner lot in Wilmington! Spanning two parcels and encompassing the addresses of 909, 911 and 913 W. Denni Street and 1106 Gulf Avenue, the property consists of two duplex buildings with approximately 2,960 square feet of combined living space. Each unit offers two spacious bedrooms, one bathroom, a welcoming front porch, private outdoor space and gated entry. Additional features include two detached one-car garages, multiple driveways and an elegant white perimeter fence that enhances both privacy and curb appeal. Set on approximately 8,851 square feet of land, this well-maintained property presents excellent potential for rental income, long-term investment or future redevelopment. Conveniently located near schools, shopping, dining, entertainment and freeway access. Both parcels, 7415-023-036 and 7415-023-037, must be purchased together. A unique opportunity to acquire four residential units in an established Wilmington location.

909 W Denni Street, Los Angeles

9019 S San Pedro, Los Angeles
$1,549,900
CV26148136 MLS ⋅ Active Status
Opportunity for value-add redevelopment in South Los Angeles. Located at 9019 South San Pedro Street, this 6,000-square-foot corner lot is improved with a 4-unit residential building currently subject to the Los Angeles Rent Stabilization Ordinance (RSO). Positioned on a corner lot with access from both San Pedro Street and the adjacent alley, the property offers site access that may provide flexibility for future development, parking design, and building layout. Developers may wish to explore opportunities under California’s AB 1287 Stacked Density Bonus Law and the City of Los Angeles Transit Oriented Communities (TOC) Tier 1 program. Located less than two blocks from the transit corridor along Manchester Avenue, the property may be eligible for increased residential density, potentially allowing up to 8 units in a 4-story building through applicable density bonus incentives, as well as potential parking reductions under AB 2097, subject to City approval and applicable regulations.

9019 S San Pedro, Los Angeles

2593 Amherst, Los Angeles
$1,399,000
TR26149008 MLS ⋅ Active Under Contract Status
Welcome to **2593 Amherst**, a well-maintained, income-producing fourplex ideally located in the heart of West Los Angeles, just minutes from Santa Monica, Ocean Park, and the beach. Situated on the corner of Amherst Avenue and Ocean Park Boulevard, this exceptional property offers an unbeatable location with convenient access to shopping, dining, entertainment, major freeways, and the nearby bike path leading directly to the coast. The property features four spacious **1-bedroom, 1-bathroom units** and two detached two-car garages. Three of the units are currently occupied, while the fourth unit is vacant, presenting an excellent opportunity for an owner-occupant or the ability to lease at current market rent. The property also includes a shared on-site laundry room for tenant convenience. The garages may offer the potential for ADU (Accessory Dwelling Unit) conversion, creating additional value and income potential (buyer to verify all possibilities with the appropriate agencies). Two of the units have been extensively remodeled with high-quality finishes, featuring designer kitchens with custom cabinetry, stone countertops, stainless steel appliances, beautifully updated bathrooms, hardwood flooring, dual-pane windows, wall heaters, and modern finishes throughout. This combination of renovated units, rental upside, owner-user flexibility, and future development potential makes 2593 Amherst an exceptional investment opportunity in one of West Los Angeles' most desirable neighborhoods.

2593 Amherst, Los Angeles

719 Camulos, Los Angeles
$1,449,000
IG26147036 MLS ⋅ Active Status
Exceptional corner-lot investment opportunity in the heart of Boyle Heights! This versatile property features a spacious two-story 5-bedroom, 2-bath single-family residence plus three additional 2-bedroom, 1-bath units, making it ideal for owner-occupants, multi-generational living, or investors. The main home offers a remodeled kitchen, generous living and dining areas, a large family room, updated flooring, dual-pane windows, central heating and air conditioning, a laundry room, newer roof, and updated copper plumbing. Each of the three additional units is separately metered for gas and electricity, providing excellent rental flexibility. The property also includes valuable on-site parking and two detached one-car garages. Conveniently located just minutes from Downtown Los Angeles, the Arts District, USC Health Sciences Campus, East Los Angeles College, the 6th Street Bridge, and major freeways including the 5, 10, 60, and 101. A rare opportunity to own a well-maintained multi-unit property in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.

719 Camulos, Los Angeles

520 W Colden, Los Angeles
$1,549,000
DW26145090 MLS ⋅ Active Status
520–522 W. Colden Avenue is a rare four-unit opportunity ideal for a first-time investor or owner-user seeking rental offsets, modern construction, and a more attainable path into Los Angeles multifamily ownership. The property consists of a 2008-built front duplex with two large 4BD/2BA residences, plus a newly constructed rear ADU duplex featuring two approx. 950 SF 2BD/2BA units with a 2026 Certificate of Occupancy forthcoming in July 2026. Owner-user appeal is significant. A buyer may occupy the updated vacant front 4BD/2BA residence while collecting income from the other three units. Current/projected rents include 520 W. Colden at $2,987/month, 520 1/2 W. Colden at $2,635/month including utilities, and vacant 520 1/4 W. Colden projected at $2,635/month, totaling approx. $8,257/month before leasing the vacant front residence. This property may be attractive to qualified first-time buyers because it falls within the 1–4 unit residential category, which may allow access to owner-occupied financing programs not available to larger multifamily assets. Qualified buyers may be able to explore FHA low-down-payment financing, including potential 3.5% down options, along with first-time buyer, down-payment assistance, and homebuyer programs, subject to borrower, income, occupancy, lender, property, and program eligibility. STAGED PHOTOS ARE DIGITALLY STAGED. The front duplex is represented as not subject to the Los Angeles City Rent Stabilization Ordinance due to its 2008 construction date, while the rear ADU duplex has a 2026 CFO forthcoming. Buyer to verify all regulatory status, permits, certificates, zoning, rent-control applicability, expenses, income, financing eligibility, and program availability. The vacant front 4BD/2BA residence has been updated with new kitchen cabinetry, dishwasher, bathroom vanities, flooring, and fresh interior paint. The rear ADUs feature new electrical panels, all-electric systems, mini-split air conditioning/heating, and full appliance packages in each unit, including stove, refrigerator, dishwasher, washer, and dryer. With large units, newer construction, meaningful rental income, owner-user flexibility, and potential access to first-time buyer and low-down-payment programs, 520–522 W. Colden Avenue offers a compelling opportunity to enter Los Angeles multifamily ownership.

520 W Colden, Los Angeles

2026 S Ridgeley, Los Angeles
$1,899,000
9 Beds ⋅ 5 Baths ⋅ SR26141875 MLS ⋅ Active Status
Exceptional investment opportunity in the highly desirable Mid-City neighborhood, north of the 10 Freeway. This well-maintained quadraplex property offers four individually metered mixed units. All units are fully leased with long-term tenants, providing stable, immediate rental income and future upside potential. The property has undergone substantial capital improvements throughout, including updated flooring, drywall upgrades, newer heaters in select units, and remodeled kitchens and bathrooms in select units. All units feature newer water heaters, and the property has completed a full plumbing repipe. Additional improvements include exterior building paint and interior paint in select units. The property consists of two connected residential buildings. The front structure (Unit 1) is a single-story home built in 1924, approximately 936 sq ft. The rear building, constructed in 1962, contains three units totaling approximately 3,052 sq ft. Unit 2 is on the ground floor, while Units 3 and 4 are located upstairs. .Unit 1 (2 Bed/1 Bath) is rented for $2,362.21/month. Unit 2 (3 Bed/1 Bath) is rented for $1,411.82/month. Unit 3 (1 Bed/1 Bath) is rented for $918.72/month. Unit 4 (3 Bed/2 Bath) is rented for $2,808.22/month. The property includes four covered parking spaces (one per unit) located in the rear, an on-site community laundry room with two washers and one dryer, and a gated, low-maintenance front yard with poured concrete. Located in one of Los Angeles' most dynamic and rapidly evolving neighborhoods, the property benefits from ongoing redevelopment and new construction throughout the area. The property is centrally located near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. Per seller: The property generates an approximate $100/month in laundry proceeds (washer/dryer), which historically offsets roughly $100/month in common area utility expenses. Drive-by only—please do not disturb tenants

2026 S Ridgeley, Los Angeles

1425 W 18th St. Unit 4, Los Angeles
$1,299,000
TR26135099 MLS ⋅ Active Status
Excellent 4-unit investment opportunity in the heart of Los Angeles. This well-maintained multifamily property features a desirable unit mix of four 1 bedroom, 1 bath residences totaling approximately 3,192 rentable square feet on a 3,980 square foot lot. The property has been extensively improved, with all units remodeled in 2022 with permits. Upgrades include updated kitchens with quartz countertops and modern cabinetry, refreshed bathrooms with new vanities and tubs, durable laminate flooring, newer interior paint, updated fixtures and hardware, ceiling fans, ductless mini-split HVAC systems, and stackable washer and dryer units. Electrical meters were professionally upgraded in 2024, enhancing long-term reliability and insurability. Tenants enjoy a large on-site parking area, and the property is separately metered for gas and electricity, helping reduce owner operating expenses. The property is currently fully leased with strong in-place income, which offers immediate positive cash flow from day one, covering debt service even in today’s elevated interest rate environment. Building is situated in a prime location, close proximity to USC and Downtown Los Angeles (DTLA), Korea town, Convention Center, LA Live, Crypto Arena, etc. Easy access to public transportation, metro lines, shopping center and major freeways such as Fwy 10 and Fwy 110, presenting significant advantages for investors looking to tap into the thriving local rental market. An ideal turnkey investment or 1031 exchange, this asset offers stable in-place income, reduced operational risk, and strong upside potential in one of Los Angeles’ most dynamic rental markets.

1425 W 18th St. Unit 4, Los Angeles

1189 Crenshaw, Los Angeles
$2,099,900
8 Beds ⋅ 8 Baths ⋅ SR26134430 MLS ⋅ Active Status
Fully renovated 4-unit investment property offering 4,087 sq ft with 8 bedrooms and 7.5 baths across two separate buildings. The rear structure features two updated 2-bedroom, 2-bath units (approximately 916 sq ft each), while the front building includes a spacious 2-bedroom, 2-bath lower unit (approximately 1,205 sq ft) and a 2-bedroom, 1.5-bath upper unit (approximately 1,050 sq ft). All units have been thoughtfully upgraded with contemporary finishes, refreshed interiors, and updated systems. The property includes four off-street parking spaces and inviting shared outdoor areas that enhance its residential appeal. An exceptional opportunity for investors or owner-users seeking a move-in-ready asset with strong income potential, flexible occupancy options, and future TIC exit possibilities.

1189 Crenshaw, Los Angeles

1189 Crenshaw, Los Angeles
$2,099,900
SR26134504 MLS ⋅ Active Status
Fully renovated 4-unit investment property offering 4,087 sq ft with 8 bedrooms and 7.5 baths across two separate buildings. The rear structure features two updated 2-bedroom, 2-bath units (approximately 916 sq ft each), while the front building includes a spacious 2-bedroom, 2-bath lower unit (approximately 1,205 sq ft) and a 2-bedroom, 1.5-bath upper unit (approximately 1,050 sq ft). All units have been thoughtfully upgraded with contemporary finishes, refreshed interiors, and updated systems. The property includes four off-street parking spaces and inviting shared outdoor areas that enhance its residential appeal. An exceptional opportunity for investors or owner-users seeking a move-in-ready asset with strong income potential, flexible occupancy options, and future TIC exit possibilities.

1189 Crenshaw, Los Angeles

1219 S Downey, Los Angeles
$1,148,000
CV26126504 MLS ⋅ Active Under Contract Status
Well maintained 4 unit income property located in East Los Angeles featuring strong rental stability with all units currently occupied. Built in 1991, this two story building offers a desirable unit mix of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, providing consistent demand and functional layouts for tenants. The property is fully gated and includes four tandem carport parking spaces, with one space assigned per unit, along with additional street parking options. Units are spacious and well-maintained, offering practice living spaces in a high demand rental area. Conveniently located near major streets, public transportation, popular local dining, shopping, schools, and freeway access, this property offers strong long term rental appeal. A solid opportunity with dependable income and upside potential in a well established East Los Angeles location.

1219 S Downey, Los Angeles

1757 S New England, Los Angeles
$1,050,000
DW26125775 MLS ⋅ Active Status
Exceptional four-unit income property located at 1757 S. New England Street, Los Angeles, CA 90006, just minutes from Downtown Los Angeles with convenient access to the 10 Freeway, Hoover Street, and Vermont Avenue corridors. The central location offers proximity to major employment hubs, public transportation, schools, shopping, and dining, supporting strong and consistent rental demand. The property consists of four 1-bedroom, 1-bath units totaling approximately 2,147 square feet of living space on a 6,615 square foot lot. Property is zoned LARD1.5. Property is configured across two detached buildings, providing functional unit layouts and added privacy. The buildings are two stories and were originally constructed in 1900, offering solid fundamentals and long-term ownership appeal. Each unit is separately metered for electricity and gas, allowing for efficient utility management. The property also features four garage parking spaces and interior laundry facilities. Utilities include public water and public sewer. One rear unit will be delivered vacant at the close of escrow, offering immediate flexibility for an owner-user or investor strategy. This property presents a strong opportunity for investors seeking stable income today with upside potential through operational improvements and rental growth.

1757 S New England, Los Angeles

2026 S Ridgeley, Los Angeles
$1,899,000
SR26124123 MLS ⋅ Active Status
Exceptional investment opportunity in the highly desirable Mid-City neighborhood, north of the 10 Freeway. This well-maintained quadraplex property offers four individually metered mixed units. All units are fully leased with long-term tenants, providing stable, immediate rental income and future upside potential. The property has undergone substantial capital improvements throughout, including updated flooring, drywall upgrades, newer heaters in select units, and remodeled kitchens and bathrooms in select units. All units feature newer water heaters, and the property has completed a full plumbing repipe. Additional improvements include exterior building paint and interior paint in select units. The property consists of two connected residential buildings. The front structure (Unit 1) is a single-story home built in 1924, approximately 936 sq ft. The rear building, constructed in 1962, contains three units totaling approximately 3,052 sq ft. Unit 2 is on the ground floor, while Units 3 and 4 are located upstairs. .Unit 1 (2 Bed/1 Bath) is rented for $2,362.21/month. Unit 2 (3 Bed/1 Bath) is rented for $1,411.82/month. Unit 3 (1 Bed/1 Bath) is rented for $918.72/month. Unit 4 (3 Bed/2 Bath) is rented for $2,808.22/month. The property includes four covered parking spaces (one per unit) located in the rear, an on-site community laundry room with two washers and one dryer, and a gated, low-maintenance front yard with poured concrete. Located in one of Los Angeles' most dynamic and rapidly evolving neighborhoods, the property benefits from ongoing redevelopment and new construction throughout the area. The property is centrally located near Culver City, Beverly Hills, LACMA, the La Brea Tar Pits, and Downtown Los Angeles. Per seller: The property generates an approximate $100/month in laundry proceeds (washer/dryer), which historically offsets roughly $100/month in common area utility expenses. Drive-by only—please do not disturb tenants

2026 S Ridgeley, Los Angeles

1666 La Fayette Unit 4, Los Angeles
$1,400,000
IG26098113 MLS ⋅ Active Status
Bring all offers! Excellent location on a quiet residential street much of the neighborhood is residential, incorporating everything from suburban single-family homes with manicured lawns to ultra-modern apartments and condos in the thick of it all. The location is just a couple of minutes west of downtown LA, Mid-Wilshire is one of the city’s most popular areas for art, food, and shopping. The wild architecture of the Petersen Museum is the most distinctive landmark, and other must-see attractions include the Los Angeles County Museum of Art, the Pavilion for Japanese Art, and the La Brea Tar Pits and Museum, which are all within one block of one another. The famous Miracle Mile shopping district anchors the community, with numerous office buildings, eclectic eateries, convenient shops, and the historic El Rey Theatre. Foodies swear by the cafes of Little Ethiopia, and the gastronomic wonderland of Koreatown is just a few blocks away.

1666 La Fayette Unit 4, Los Angeles

1724 Menlo Avenue, Los Angeles
$2,850,000
BB26115819 MLS ⋅ Active Status
1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.52% stabilized cap rate, low operating expenses, and an exceptional price point at under $450/SF — an increasingly rare value for new construction multifamily in central Los Angeles. The property features an ideal unit mix across two modern buildings, consisting of two 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one 1-bedroom/1-bathroom unit. Each residence includes private entrances, in-unit washers and dryers, separately metered gas, water, and electricity, and luxury finishes throughout, including modern kitchens, designer tile, high ceilings, and oversized windows. The property also offers eight dedicated parking spaces, enhancing long-term tenant appeal. With a Walk Score of 85 and close proximity to LA Live, Crypto.com Arena, the Arts District, and Koreatown’s dining and nightlife. 1726 Menlo Ave is well positioned to attract strong tenant demand from students, young professionals, and creatives alike. As new multifamily construction opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.

1724 Menlo Avenue, Los Angeles

6413 S Vermont, Los Angeles
$798,000
IV26109789 MLS ⋅ Active Status
4-Unit Investment Opportunity in South Los Angeles – 6413 S Vermont Ave Don’t miss this exceptional opportunity to own a 4-unit income property in the heart of South Los Angeles, offering strong rental upside, a desirable unit mix, and excellent accessibility to some of Los Angeles’ major employment and entertainment hubs. Whether you’re an experienced investor looking to expand your portfolio, a buyer seeking a value-add multi-unit opportunity, or looking to live in one unit while recieving income -this property checks all the boxes. Located at 6413 S Vermont Ave, Los Angeles, this well-positioned fourplex consists of two 1-bedroom units, one 2-bedroom unit, and one spacious 3-bedroom unit—providing a versatile mix that appeals to a wide range of tenants, from singles and couples to larger families. A major added benefit is that the 3-bedroom unit can be delivered vacant at the close of escrow, creating an ideal opportunity for an owner-user, value-add investor, or buyer looking to immediately place a new tenant at market rent. The large 3 bedroom unit is renovated and mopve in ready with an upgraded flooring, bathroom, and kitchen. Situated in a centrally located South Los Angeles corridor, this property offers residents easy access to shopping, schools, restaurants, and public transportation. Commuters will appreciate the short drive to Downtown Los Angeles, as well as convenient access to nearby areas such as USC, Exposition Park, Inglewood, SoFi Stadium, LAX, and major freeway connections. Its strategic location makes it attractive for long-term tenant demand and future growth potential. With strong income possibilities, flexible occupancy options, and a prime urban location, 6413 S Vermont Ave presents a rare opportunity to secure a multi-unit investment property in one of Los Angeles’ most active rental markets. Whether you’re looking for stable cash flow, long-term appreciation, or an owner-user opportunity, this South LA fourplex is one worth seeing.

6413 S Vermont, Los Angeles

2840 Wellington Road, Los Angeles
$3,795,000
BB26104696 MLS ⋅ Active Status
2840 Wellington Rd is a newly constructed five unit luxury investment opportunity located on a quiet residential street in prime Mid-City. This modern asset offers an outstanding 6.46% cap rate supported by approximately $300,000 in gross annual income, with a master lease in place delivering immediate rental stability and minimal operational expenses for investors seeking true day one cash flow. The property is comprised of five ultra high-end residences featuring a desirable mix of expansive four bedroom townhome-style units, a spacious three bedroom, and a one bedroom unit. Each residence showcases open concept floorplans with oversized kitchens, sleek modern cabinetry, stainless steel appliances, designer bathrooms, and abundant natural light, creating a premium living experience that strongly appeals to today’s renter. Strategically located just minutes from Culver City’s thriving tech and media corridor—including Amazon, Apple, HBO, and Sony—this central Mid-City location continues to attract strong rental demand from young professionals seeking convenient access to the Westside, Beverly Hills, and Downtown Los Angeles. With separately metered utilities, brand new construction, central HVAC, in-unit laundry, and low maintenance building systems, 2840 Wellington offers investors a turnkey, operationally efficient asset with strong in-place income and long-term upside in one of Los Angeles’ most sought-after rental submarkets.

2840 Wellington Road, Los Angeles

926 Spence, Los Angeles
$798,988
PW26099376 MLS ⋅ Active Under Contract Status
MOVE IN READY, LIVE IN 1, RENT OUT THE OTHERS! 3 Units with 3 bedroom 2 bath home delivered vacant. Rare find so close to downtown LA, where you can live in 1 unit and have 2 more units pay you rent. The 3-bed, 2-bath was never a rental property and sits next to an oversized 2-car garage with workshop, a perfect layout for an ADU. 926 Spence Street is a huge opportunity in Historic East Los Angeles, specifically tailored for investors or houseowners looking to leverage a Trust Sale into a generational wealth-building project. This sprawling 7,500-square-foot lot, zoned for Quadruplex use, is currently used as a 3 compound with a detached oversized garage begging to be converted into an ADU. By acquiring this asset, an investor secures a primary 3-bedroom, 2-bathroom rear residence ($4,000/mo market) in the back, with 2, 1-bedroom units (928 & 930) in front providing immediate, stable cash flow of $2,920/mo from long-term tenants. The "campus-style" layout gives you separation, providing the kind of privacy and outdoor areas increasingly rare in East LA. For property management ease, the units feature separate water heaters, gas meters, and electrical meters, the owner covers trash/water. The oversized garage an immediate footprint for a $2,200/mo ADU conversion, allowing the next owner to stabilize the asset as a four-unit powerhouse with projected annual revenue over $119,000 by Year 3. The "House-Hack" math is staggering: by living in the 3BR unit and applying rental income and the $2,000 monthly tax subsidy (check with your CPA), the net effective mortgage can feel like paying rent. Positioned in a high-velocity development zone near the Arts District and DTLA, this asset offers 100% Bonus Depreciation for a potential Day-1 tax shield. This rare convergence of zoning density, utility efficiency, and massive financial upside is the premier investment in East LA today.

926 Spence, Los Angeles

348 W Vernon Avenue, Los Angeles
$775,000
MB26097943 MLS ⋅ Active Status
Prime mixed-use investment opportunity located at 348 W Vernon Ave, Los Angeles. 4 UNITS, 3 RESIDENTIAL AND 1 STOREFRONT ** This versatile property features a street-level commercial storefront currently used as a retail space, plus three residential units, offering multiple income streams in a high-demand urban corridor. The commercial unit benefits from strong street exposure along Vernon Avenue, with a wide storefront window, security gate, and flexible interior layout ideal for retail, office, or service-oriented uses. Excellent visibility and signage potential enhance business appeal. The residential component consists of three separate units, including a combination of single-story and upper-level unit with private entrances. Units feature functional floor plans, natural light, and practical layouts suitable for long-term tenants. A shared courtyard and on-site access provide convenience and separation from the commercial space. The property sits on a fully improved lot with alley access, 3 individual meters, and a layout conducive to efficient management. Aerial views highlight proximity to major thoroughfares, public transportation, and nearby freeways, offering easy access to Downtown Los Angeles and surrounding neighborhoods. Located in a strong rental market with consistent demand for both residential and commercial space, this asset presents an excellent opportunity for investors, owner-users, or those seeking to reposition a mixed-use property for increased cash flow. Zoned for mixed use. Buyer to verify all zoning, unit count, and permitted uses with the City of Los Angeles.

348 W Vernon Avenue, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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