Introducing an amazing deal on a great fourplex in vibrant, unincorporated City Terrace, near the 10 and 710 freeways, Downtown LA, USC's Keck Medical Center and Cal State LA, where students and staff make ready renters. TWO units will be delivered vacant, including the largest unit: the main house with 2 bedrooms, 1 bathroom, a dedicated laundry area and a bonus room (no closet) that can serve as a 3rd bedroom or home office -- making this an ideal investment for savvy owner-occupant house hackers ready to try to their hand at property management while living on the premises. The other three units are all 1 bedroom + 1 bathroom apartments, two of which are occupied and will be delivered with their tenants. Built in 1948, this quad is spread between two buildings separated by a courtyard, each with its own separate gas, electric and water meters. Three off-street, secure parking spaces are also included, as are the existing appliances. Many upgrades have been made, including foundation reinforcement and newer kitchens and bathrooms in some of the units. At under $1 million -- $250K per unit! -- this is the best priced property in the area that any investor would be lucky to have in their portfolio.

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December 5, 2024