Property Description

Rare opportunity in one of Los Angeles’ most prestigious neighborhoods with this well-maintained 4-plex in the heart of Hancock Park. Good condition and generating steady income, this property promises remarkable upside potential through strategic value-add improvements and future rent increases.

Each of the four spacious units features 2 bedrooms and 2 bathrooms, thoughtfully laid out to maximize comfort and natural light. The building is in great shape, reflecting the timeless charm of the area while offering a solid foundation for further enhancements.

Located just moments from the boutiques and cafes of Larchmont Village, tenants benefit from a walkable neighborhood filled with tree-lined streets and easy access to popular dining, shopping, and entertainment. This coveted location attracts quality tenants, ensuring consistent demand and long-term growth potential.

Seize this opportunity to acquire a versatile asset in one of L.A.’s most sought-after communities. With reliable cash flow, potential for increased rents, and an unbeatable location in Hancock Park, this 4-plex is an exceptional find for both experienced investors and owner-occupiers seeking a valuable addition to their portfolio.
Rent Rolls beginning for Feb 01 (rent increase date) are: Unit Mix is 2/2
$3,345, $2,228, $3,731, $2,384 = $11,688

Average maintenance $10k/year
2024 Maintenance Breakdown
– $3.5k plumbing (recent maintenance)
– $1.5k electrical
– $1k new appliances
– Water bill was $3.5k in 2024
– the rest misc day labor, small repairs.