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4 Bungalow Units in South Central LA! 4106 S San Pedro St 4 Unit Apartment Building $650,000 ($162,500/Unit) 5.65% Cap Rate Los Angeles, CA 90011



Investment Highlights
- 100% occupied 4 bungalow-style units in South Central Los Angeles with separate meters and hot water heaters.
- Minutes from University of Southern California and Exposition Park.
- Property is subject to City of Los Angeles Rent Stabilization Ordinance (RSO) & rents were last increased in June 2026.
- Large lot over 7,000 SF. Only $162,500/unit, 10.71 GRM and 5.65% CAP rate.
- Over $5,000/month in current rental income.
- There are 6 parking spaces in rear, which are leased on separate parking leases to tenants. (Parking leases are not subject to LA RSO).
Executive Summary
Fantastic investment opportunity to purchase a bungalow style 4 unit property in the heart of South Central Los Angeles at a hard to find, low price point. The property is 100% occupied and offers strong in-place cash flow with over $5,000/month, and a low GRM of only 10.71, and a 5.65% CAP rate. The property is separately metered, so the owner only pays for water and sewer. Two of the roofs were replaced in 2024 with permits. There is ample open parking in the rear for 6 cars, and a parking gate with rear alley access. This is a stabilized asset in a high-demand rental market with excellent future upside potential. The property is subject to City of LA Rent Control (LA RSO) and rents were most recently increased in June 2026. Property will be sold with all tenants in place, so no FHA or owner-occupied loans are possible. Ideally located near the Gilbert Lindsay Recreation Center and only 2 blocks from Ricardo Lizarraga Elementary School, the property also benefits from convenient access just east of the 110 Freeway and south of MLK Jr Blvd. Residents are just minutes from University of Southern California and Exposition Park, home to locally popular museums, entertainment venues, and major sporting events, making this a highly desirable location with strong long-term rental demand. *A full marketing package is available from the listing agent upon request. * This property is part of a larger portfolio sale of tenant occupied homes and multifamily properties - call listing agent for more info.*
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$60,681
|
$25.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,681
|
$25.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,977
|
$10.02
|
| Net Operating Income |
$36,704
|
$15.34
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,681 |
| Annual Per SF | $25.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,681 |
| Annual Per SF | $25.37 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $23,977 |
| Annual Per SF | $10.02 |
| Net Operating Income | |
|---|---|
| Annual | $36,704 |
| Annual Per SF | $15.34 |
Property Facts In Escrow
| Price | $650,000 | Building Class | C |
| Price Per Unit | $162,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,392 SF |
| Cap Rate | 5.65% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.71 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAC2 - Community Commercial | ||
| Price | $650,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 10.71 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,392 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | LAC2 - Community Commercial |
Amenities
- Smoke Detector
Unit Amenities
- Oven
- Yard
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,215 | - |
| 3+2 | 1 | $1,577 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5113-006-013 | Improvements Assessment | $102,594 |
| Land Assessment | $97,706 | Total Assessment | $200,300 |
Property Taxes
Parcel Number
5113-006-013
Land Assessment
$97,706
Improvements Assessment
$102,594
Total Assessment
$200,300
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4 Bungalow Units in South Central LA! | 4106 S San Pedro St
