Est. cap rate

3.7%

Assumed rent, all units

$9,240/mo

Units

4

Price per unit

$373,750

Est. annual NOI

$55,440

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

4,592 sqft

Lot size

7,464 sqft

Year built

1965

Stories

2

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

View

City Lights,Hills,Panoramic

Status

Active

Days on market

76

MLS #

245147895

About this property

Rare Elysian Heights Fourplex! One VIEW unit is available for immediate occupancy, with a rare opportunity to reside in one residence and generate income from the remaining three. Within this highly sought-after hillside neighborhood this exceptional fourplex delivers the perfect blend of lifestyle, owner-user flexibility, and long-term investment value. The property features an excellent unit mix of (3) spacious 2BD/1BA units and (1) oversized 3BD/2BA unit with its own private patio. The vacant 2BD/1BA unit, situated in one of the most desirable locations within the property, enjoys spectacular downtown Los Angeles skyline views from both the kitchen and its adjacent private balcony. Bright and inviting, the kitchen features granite countertops and stainless-steel appliances. This specific residence has been thoughtfully refreshed with all-new interior paint and carpet, making it move-in ready for immediate owner occupancy or an outstanding opportunity to lease at today's market rents. Significant capital improvements have already been completed, including a new roof and building seismic retrofit in 2019, along with a freshly painted exterior that enhances the property's curb appeal. Additional amenities include a community laundry room, storage and on-site parking for up to eight vehicles, a rare and valuable convenience in this highly desirable neighborhood. Ideally located just moments from Echo Park Lake, Dodger Stadium, Downtown Los Angeles, Silver Lake, and the vibrant restaurants, cafés, boutiques, and nightlife along Sunset Boulevard, this property offers the perfect blend of neighborhood charm and urban convenience. Whether you're looking to live in one unit while enjoying income from the others or seeking a premier multi-family investment, this is a truly exceptional opportunity that rarely becomes available.

Location

2017 Vestal Avenue

Los Angeles, Los Angeles, CA, 90026