Est. cap rate

4.8%

Assumed rent, all units

$7,960/mo

Units

4

Price per unit

$247,500

Est. annual NOI

$47,760

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

4,590 sqft

Lot size

6,840 sqft

Year built

1923

Stories

2

Garage spaces

4

Style

Mediterranean

Heating

Fireplace(s)

Cooling

None

Pool

None

View

None

Status

Active

Days on market

56

MLS #

246292929

About this property

Welcome to a rare opportunity to own a classic 1923 four-unit quadruplex in the heart of historic Pico-Union. This well-proportioned multi-family residence offers approximately 4,590 square feet of living space with a total of 8 bedrooms and 4 bathrooms, ideally configured for strong rental income or flexible owner-user potential. Each unit is 2 bed and 1 bath, each with their own gas and electric meter. Set on a generous 6,840-square-foot lot, perfect for parking. The property features a detached 4 door garage, great for additional storage, and spacious courtyard. Just west of Downtown Los Angeles and within easy reach of the University of Southern California’s University Park Campus, 1409 Courtland places tenants and residents at the center of one of the city’s most dynamic corridors. USC students, faculty, and staff create consistent rental demand, while Downtown’s employment centers, creative offices, and professional hubs are only minutes away. Entertainment and culture surround you: LA Live, Crypto Arena, the Convention Center, and Exposition Park’s museums and venues are all nearby. Excellent freeway access (I-10 and SR-110), strong walkability, and convenient transit further enhance everyday livability.The neighborhood itself adds lasting appeal. Nestled in the historic Pico-Union / Alvarado Terrace area. This property benefits from architectural character and a sense of place that newer construction simply cannot replicate. The combination of central location, multi-unit income potential, and historic integrity makes this a compelling long-term hold in a tightly held pocket of Los Angeles. Whether you are seeking a solid income-producing asset with proximity to USC and Downtown, or a property with room to add value through thoughtful updates, 1409 Courtland Avenue stands out. This is a classic Los Angeles quadruplex in a location that continues to attract strong demand. The property will be sold-as-is.

Location

1409 Courtland Avenue

Los Angeles, Los Angeles, CA, 90006