Spanish Fourplex Los Feliz

Located in prime Los Feliz, this rare fourplex promises returns. Notably, it delivers a 7.18% cap rate, exceeding market averages. Typically, cap rates in the area hover below 5.50%. However, this fully renovated fourplex generates $181,200 annually. Consequently, investors enjoy strong cash flow from day one. Moreover, the property is already 75% leased to reliable tenants. Each unit blends vintage 1920s charm with modern upgrades. For instance, two 3-bed, 1-bath units each rent for $4,250. Additionally, two ADUs offer 1 bed, 1 bath, loft, and rooftop decks. One ADU currently leases for $3,200 while the other remains vacant. Meanwhile, a detached garage earns an extra $500 monthly. Furthermore, high-end finishes and private outdoor spaces attract stable renters. These premium design elements reduce turnover and increase appeal. Importantly, all utilities are separately metered or submetered, minimizing owner expenses. Tenants enjoy spacious decks, spiral staircases, turf yards, and in-unit laundry. Natural light floods each home through expansive windows and modern layouts.

Beyond the property, location adds tremendous value to the investment. Situated near Sunset Junction, residents walk to All Time, Maru, and Little Dom’s. Even more, nightlife options like The Dresden and The Virgil lie minutes away. The ADUs, built with stylish shipping containers, reflect local artistic tastes. Sustainability, creativity, and comfort define these unique units. Ultimately, this opportunity combines strong income, thoughtful design, and exceptional location. With market-beating returns and turnkey stability, this Los Feliz gem won’t last long. Seize the chance to invest in LA’s most beloved neighborhood today.

Call 213-268-6832 or click the link below to schedule a time to chat: https://calendly.com/felipecrook  

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Felipe Crook

EXP Realty Of Greater Los Angeles, INC