Est. cap rate

1.7%

Assumed rent, all units

$9,800/mo

Units

4

Price per unit

$848,750

Est. annual NOI

$58,800

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

4,492 sqft

Lot size

7,503 sqft

Year built

2025

Stories

3

Garage spaces

1

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

47

MLS #

246430475

About this property

Four distinctive Hollywood residences combining Craftsman character, modern construction and an existing professionally managed furnished-rental operation. Three homes were newly constructed in 2025, alongside a comprehensively remodeled and expanded front residence. Private entrances, dedicated parking and individual outdoor spaces create a residential experience that sets this property apart. The front Craftsman at 1351 Seward offers 3 bedrooms, 2 full bathrooms and approximately 1,343 square feet, featuring walnut flooring, sage-green detailing and a decorative fireplace. An existing long-term lease provides $6,150 in monthly rent. The three rear residences currently operate as furnished rentals under professional management. The 2-bedroom, 2-bath ADU at 1351½ offers approximately 1,159 square feet and a private rooftop deck with skyline views. The two-story residence at 1347 features 3 bedrooms, 2.5 bathrooms, approximately 1,168 square feet and a private patio. At 1347½, a 2-bedroom, 1.5-bath residence offers approximately 822 square feet with direct access to a private garden patio. Together, the residences offer approximately 4,492 square feet on a 7,503-square-foot lot, with contemporary kitchens and bathrooms, dedicated parking for each residence and leased solar serving the three newer homes. Located south of Sunset Boulevard and east of Highland Avenue. An opportunity to acquire distinctive residential real estate with an existing furnished-rental setup, professional management relationship and documented operating history.

Location

1351 Seward St

Los Angeles, Los Angeles, CA, 90028