Est. cap rate

2.8%

Assumed rent, all units

$12,520/mo

Units

4

Price per unit

$672,500

Est. annual NOI

$75,120

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

12

Bathrooms

12

Building size

4,352 sqft

Lot size

6,573 sqft

Year built

1952

Stories

2

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

22

MLS #

244003165

About this property

Welcome to 2937-2939 10th Avenue, an exceptional four-unit property located in the highly desirable Jefferson Park neighborhood of Mid-Los Angeles. Offering approximately 4,352 square feet of living space on a 6,573 square foot lot, this rare opportunity combines modern construction, quality finishes, and strong income potential. The property consists of a completely rebuilt and expanded duplex at the front and two newly constructed two-story ADUs at the rear. The front duplex, 2937 and 2939 10th Avenue, has been rebuilt from the studs up and expanded, with each unit offering 3 bedrooms and 3 bathrooms. These residences feature luxury vinyl flooring, oak shaker cabinetry, quartz countertops, high ceilings, fire sprinkler systems, tankless water heaters, washer and dryer hookups, separate gas and electric meters, and 3-ton central heating and air conditioning systems. The kitchens are fully equipped with stainless steel appliances including a stove, dishwasher, microwave, and refrigerator. At the rear of the property are 2937½ and 2939½ 10th Avenue, two brand-new, fully electric ADUs that are not subject to RSO. Each approximately 1,120-square-foot unit offers 3 bedrooms and 3 bathrooms with a highly functional floor plan featuring one bedroom and one full bathroom downstairs and two spacious en-suite bedrooms upstairs. Each ADU also enjoys its own private backyard, creating a rare blend of indoor-outdoor living and added privacy. These beautifully designed homes include luxury vinyl flooring, oak shaker cabinetry, quartz countertops with full-height backsplashes, stainless steel appliance packages, central heating and air conditioning, fire sprinkler systems, separate electric meters, and paid-off solar systems generating approximately 2.35 kW per unit. The property is fully gated and secured, providing privacy and peace of mind for residents. Whether you're looking to occupy one unit and rent the others or maximize returns as a full investment property, this asset offers exceptional flexibility and income potential. Projected rental income can reach up to approximately $16,000 per month. Conveniently located near Downtown Los Angeles, USC, Culver City, public transportation, shopping, dining, and major freeway access, this turnkey property presents a rare opportunity to own a newly rebuilt and newly constructed four-unit compound in one of Los Angeles' most sought-after neighborhoods.

Location

2937 10th

Los Angeles, Los Angeles, CA, 90018