Est. cap rate

5.2%

Assumed rent, all units

$7,320/mo

Units

4

Price per unit

$212,250

Est. annual NOI

$43,920

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,090 sqft

Lot size

5,200 sqft

Year built

1948

Stories

2

Garage spaces

4

Heating

Central

Cooling

None

Pool

None

Status

Active

Days on market

80

MLS #

241170456

About this property

HUGE PRICE REDUCTION by nearly a $100k drop. Sellers highly motivated. 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

7831 S Normandie

Los Angeles, Los Angeles, CA, 90044