4536 Wesley, Los Angeles, California, United States, 90037

799,900
for Sale
6,527

About the property:

This fully occupied fourplex gives you income today with clear upside built in. It has four spacious 2-bed, 1-bath units of about 1,000 sq ft each, totaling [4,116] sq ft on a [6,527] sq ft [LAR3] lot. It runs at a 6.21% CAP with rents still below market. Gas and electricity are separately metered, so tenants pay their own utilities. Each unit has washer/dryer hookups, and a large parking area accessed from Hoover holds up to 7 vehicles. The property is about a mile from Exposition Park, home to the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the LA Memorial Coliseum. USC, BMO Stadium, and Downtown LA are minutes away, with quick access to the I-110, I-10, and I-105. Students, faculty, and downtown professionals keep rental demand strong. With new investment flowing into the South Figueroa corridor and [LAR3] zoning, you can hold for cash flow, bring rents to market, or plan for future expansion or redevelopment. Get paid while you wait for the upside.
Property Type:
Quadruplex
Status:
for Sale
Acres:
0.1498
Square Feet:
4116
Directions:
south of vernon and west of hoover
Is Art:
Yes
Is Bed:
Yes
Is Fourplex:
Yes
Is I C I:
Yes
Is Investment:
Yes
Is Market:
Yes
Is Parking:
Yes
Is Spa:
Yes
Is Unit:
Yes
Listing ID:
SR26227289

Rooms

Dimensions

Brokered by:
Equity Union
Presented By: