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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$949,500

Est. payment - /mo

5,009 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26037826

HOA Y/N No

Year Built 1911

Lot Size 5,009 Sqft

Property Sub-Type Quadruplex

Property Description

Updated quadruplex with previously approved ADU expansion plans in the high-growth USC / Exposition Park corridor. Positioned on a prominent signalized corner at Vernon and Figueroa with immediate access to the 110 Freeway, this LAC2-zoned asset offers a rare combination of current income, operational upgrades, and long-term redevelopment potential.

The property has undergone significant improvements, including reglazed tubs and showers, upgraded plumbing components, gas line repairs and seismic valve work, refreshed interiors, and multiple system upgrades completed during recent unit turns, resulting in strong long term potential and reduced deferred maintenance. The property is fully occupied with two tenants, delivering immediate cash flow with upside through rental growth and ADU expansion.

Previously approved plans allow for two additional 3-bedroom, 2-bath ADUs, creating a clear path to increased density and improved long-term returns. With C2 zoning flexibility, investors may also explore alternative redevelopment strategies consistent with the evolving South Figueroa corridor.

Located minutes from USC, BMO Stadium, the LA Memorial Coliseum, and Downtown Los Angeles, the property benefits from strong transit connectivity, walkability, and continued neighborhood revitalization. Separate electric and gas meters support efficient operations, while the corner lot exposure enhances long-term land value.

Ideal for investors seeking a great income property today with defined upside through expansion, repositioning, or redevelopment in one of Los Angeles' most active growth corridors.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Heating Wall Furnace

Flooring Laminate

Fireplace No

Laundry None

Exterior

Parking Features On Street

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5018034002

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Joshua McIntire McIntire Real Estate Inc. 818-618-7990, DRE #01851216

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458 W Vernon Los Angeles, CA 90037