Description

Turnkey, fully vacant, and beautifully remodeled Spanish Colonial Revival four-plex in the highly sought-after Vermont Knolls neighborhood. Each expansive two-bedroom residence spans nearly 1,000 square feet and has been thoughtfully upgraded throughout, featuring open-concept kitchens with stainless steel appliances and quartz countertops, modern bathrooms, in-unit laundry, tankless water heaters, wood flooring, generous closet space, and soaring nine-foot ceilings. Every unit includes its own private garage. The property is centered around a charming, gated courtyard with secure access and benefits from fully upgraded copper plumbing throughout. This is an ideal opportunity for an owner-occupant to live in one unit while renting the others, with projected rents of approximately $3,000 per unit per month - potentially offsetting the entire mortgage and operating expenses. Investors will also appreciate the additional upside through the ability to add up to four ADUs in the rear yard area, subject to approvals. The property also presents an excellent investment opportunity, as it can be leased immediately in its current condition and operate at an outstanding 6% cap rate. Located just one block from the brand-new Evermont Development, home to South LA Caf, a Metro transit plaza, and Seed LA STEM college preparatory school. The property is also conveniently situated minutes from SoFi Stadium, The Forum, SpaceX, USC, LAX, and Downtown Los Angeles.