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1504 S Bronson Ave 4 Unit Apartment Building $1,495,000 ($373,750/Unit) 3.25% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Tremendous Value-Add Opportunity
- Two (2) of the units have been extensively remodeled
- Strong Upside Potential
EXECUTIVE SUMMARY
Prime Mid-City Fourplex w/ Tremendous Value-Add Opportunity & Strong Upside Potential! Don't miss this exceptional opportunity to own a (4) unit multifamily
investment property located in the heart of prime Mid-City, one of Los Angeles' most desirable and centrally located neighborhoods. This stunning property offers a total of
4,380sq.ft. situated on a 5,820sq.ft. lot. The unit mix includes two (2) 2-bedroom + 1-bathroom units and two (2) oversized 1-bedroom + 1-bathroom units, with good
potential to be converted into 2-bedroom units due to their generous layouts and large square footage. Each unit boasts spacious floor plans averaging about 1,100sq.ft.,
providing comfortable and functional living spaces for tenants. Two (2) of the units have been extensively remodeled, featuring: Refinished hardwood oak flooring, Modern
quartz countertops, Stainless steel appliances, Updated copper plumbing, Stylishly upgraded kitchens and bathrooms, New in-unit washer & dryers for added convenience.
The remaining two (2) units offer value-add potential, allowing investors the opportunity to renovate, reposition, and maximize market rents, significantly increasing overall
cash flow. Additional property highlights include: Current monthly gross income: $6,937/month. 4 large detached garages with excellent ADU potential to further enhance
rental income. Quiet residential street with easy access to freeways, public transportation, shopping, and dining. Whether you're looking for a strong-performing asset or an
opportunity to increase value through strategic renovations and development, this Mid-City fourplex checks all the boxes. Contact us today for more information
investment property located in the heart of prime Mid-City, one of Los Angeles' most desirable and centrally located neighborhoods. This stunning property offers a total of
4,380sq.ft. situated on a 5,820sq.ft. lot. The unit mix includes two (2) 2-bedroom + 1-bathroom units and two (2) oversized 1-bedroom + 1-bathroom units, with good
potential to be converted into 2-bedroom units due to their generous layouts and large square footage. Each unit boasts spacious floor plans averaging about 1,100sq.ft.,
providing comfortable and functional living spaces for tenants. Two (2) of the units have been extensively remodeled, featuring: Refinished hardwood oak flooring, Modern
quartz countertops, Stainless steel appliances, Updated copper plumbing, Stylishly upgraded kitchens and bathrooms, New in-unit washer & dryers for added convenience.
The remaining two (2) units offer value-add potential, allowing investors the opportunity to renovate, reposition, and maximize market rents, significantly increasing overall
cash flow. Additional property highlights include: Current monthly gross income: $6,937/month. 4 large detached garages with excellent ADU potential to further enhance
rental income. Quiet residential street with easy access to freeways, public transportation, shopping, and dining. Whether you're looking for a strong-performing asset or an
opportunity to increase value through strategic renovations and development, this Mid-City fourplex checks all the boxes. Contact us today for more information
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$83,244
|
$19.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,244
|
$19.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,658
|
$7.91
|
| Net Operating Income |
$48,586
|
$11.09
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $83,244 |
| Annual Per SF | $19.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,244 |
| Annual Per SF | $19.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $34,658 |
| Annual Per SF | $7.91 |
| Net Operating Income | |
|---|---|
| Annual | $48,586 |
| Annual Per SF | $11.09 |
PROPERTY FACTS
| Price | $1,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $373,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.25% | Building Size | 4,380 SF |
| Gross Rent Multiplier | 17.96 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Zoning | LARD2 - restricted Density Multiple Dwelling | ||
| Price | $1,495,000 |
| Price Per Unit | $373,750 |
| Sale Type | Investment |
| Cap Rate | 3.25% |
| Gross Rent Multiplier | 17.96 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,380 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | LARD2 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,541 | - |
| 2+1 | 1 | $2,541 | - |
| 1+1 | 1 | $902.00 | - |
| 1+1 | 1 | $953.00 | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5072-007-008 | Improvements Assessment | $451,013 (2025) |
| Land Assessment | $944,475 (2025) | Total Assessment | $1,395,488 (2025) |
PROPERTY TAXES
Parcel Number
5072-007-008
Land Assessment
$944,475 (2025)
Improvements Assessment
$451,013 (2025)
Total Assessment
$1,395,488 (2025)
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1504 S Bronson Ave
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