Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

2,464 sqft

Lot size

7,503 sqft

Year built

1954

Stories

2

Status

Active

Days on market

8

MLS #

246970443

About this property

The property provides investors with an attractive combination of current income, supplemental revenue, and future value-add potential. The property consists of four residential units, including one updated unit, allowing an investor to benefit from an existing renovated unit while maintaining additional upside through future unit improvements and tenant turnover. The property also generates supplemental income from an on-site storage room, creating an additional revenue stream beyond traditional residential rents. Partial roof improvements were completed in 2025 and the building features full copper plumbing, helping a new owner to reduce the need for immediate capital investment in the property. Located near the intersection of Kester Avenue and Oxnard Street, the property provides convenient access to major transportation corridors, employment centers, shopping, restaurants, and neighborhood amenities throughout the San Fernando Valley. The property's four-unit configuration offers an attractive entry point for investors seeking a smaller multifamily asset with manageable operations and the potential to enhance income through continued improvements.

Location

14830 Erwin Street

Los Angeles, Los Angeles, CA, 91411