About this home

TURNKEY SPANISH REVIVAL FOUR-UNIT | PRIME USC & DOWNTOWN LA LOCATION Exceptional opportunity to acquire a fully renovated four-unit Spanish Revival property dating back to 1923, strategically positioned approximately one mile from USC, Downtown Los Angeles, Crypto Center, LA Coliseum and cultural museams. Combining historic architectural character with extensive modern upgrades, this 4,864-square-foot multifamily property offers an attractive turnkey investment opportunity in a highly sought-after urban location. The property features four generously sized 2-bedroom, 1-bath units, each approximately 1,200 square feet. Every unit has been thoughtfully renovated with modern finishes and infrastructure, including new electrical wiring, new plumbing, a new roof, tankless water heaters, mini-split HVAC systems, Cat6 wiring, new lighting and fixtures, new cabinetry, and fresh interior and exterior paint. Each residence also offers its own dedicated laundry area with hookups for a stackable washer and dryer, providing an important amenity for today's rental market. The spacious floor plans, modern systems, and individual unit amenities create a compelling combination of functionality and tenant appeal. A particularly valuable feature is the property's approximately 10 rear parking spaces, complemented by additional street parking. The substantial off-street parking is an uncommon and highly desirable asset in this location. Situated on an approximately 6,750-square-foot lot, the property offers convenient access to USC, Downtown LA, major employment centers, dining, entertainment, transportation, and numerous urban amenities. Its proximity to major institutions and employment hubs makes this a compelling location for investors seeking a well-positioned multifamily asset. A rare opportunity to acquire a substantially renovated historic multifamily property offering scale, parking, modern infrastructure, and an exceptional location near one of Los Angeles' most prominent educational, employment, and cultural centers.

Facts and features

Schools

• Vermont Avenue Elementary School

  elementary · K-5 · 0.4 mi

  8

• West Adams Preparatory High School

  high · 9-12 · 0.5 mi

  3

• Foshay Learning Center

  elementary · K-12 · 1.3 mi

  6

• Los Angeles Christian School

  elementary · K-8 · 0.3 mi

• Camino Nuevo Jose Castellanos

  elementary · K-8 · 0.3 mi

  5

• Sophia T. Salvin Special Education Center

  elementary · K-10 · 0.3 mi

Price history

• Nov 3, 2026 · Price Changed$1,899,000
• Sep 18, 2026 · Listed$2,000,000
• May 25, 2024 · Listing Removed—
• Sep 8, 2023 · Listed$1,600,000
• Feb 27, 1968 · Sold$27,000

Tax history

• 2025$1,637 tax · $71,037 assessed
• 2024$1,553 tax · $69,646 assessed
• 2023$1,539 tax · $66,943 assessed
• 2022$1,493 tax · $65,632 assessed
• 2021$1,442 tax · $64,346 assessed
• 2020$1,444 tax · $63,687 assessed
• 2019$1,412 tax · $62,440 assessed
• 2018$1,284 tax · $61,216 assessed

Home value

$1,980,000

• Collateral Analytics$1,980,000

Where it is