Est. cap rate

3.1%

Assumed rent, all units

$7,200/mo

Units

4

Price per unit

$349,750

Est. annual NOI

$43,200

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

4,403 sqft

Lot size

8,101 sqft

Year built

1911

Stories

2

Garage spaces

0

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

24

MLS #

246846326

About this property

Fully vacant, fully remodeled, and completely turnkey, this 4-unit two-story residential building near USC offers four 3-bedroom, 2-bathroom units across 4,403 square feet of living space on an 8,101 square foot lot, delivered ready to lease at close of escrow. The renovations are extensive and leave nothing to do: new kitchens, newly remodeled bathrooms, new flooring throughout, new tankless water heaters, a freshly completed roof, and termite tenting just finished. The property has also passed its most recent SCEP inspection August 2026, meaning no reinspection for years to come. Whether a buyer chooses to lease up all four units at current market rents from day one or occupy one and rent the others, the income potential here is immediate and compelling. The oversized lot provides ample parking and the potential to add up to four ADUs, subject to City approval, creating a meaningful long-term value-add opportunity on top of an already well-positioned asset. Situated just 2.5 miles from USC in the Vermont Harbor neighborhood, the property draws from one of the most consistent and deep tenant pools in South Los Angeles. The California Science Center, Exposition Park Rose Garden, and the Natural History Museum of LA County are all within minutes, and Downtown Los Angeles is just six miles up the 110 freeway. Properties of this quality, this size, this readiness, and this vacancy simply do not come to market often in this corridor.

Location

611 W 46th

Los Angeles, Los Angeles, CA, 90037