1528 Alexandria, Los Angeles, CA 90027

Description

**HUGE INCOME EARNING POTENTIAL** The front house has a basement which roughly measures about 1,600 sq ft that has the potential for an additional ADU (buyer to verify) which could generate additional income OR it could become an extension/basement for the front house. You have multiple options! Discover this beautifully remodeled quadplex located in one of Los Angeles’ most desirable neighborhoods — the heart of Los Feliz (90027). This versatile property offers a perfect blend of owner-user and investment opportunity with a vacant front home ready for immediate occupancy and three income-producing rear units. The front house features 5 spacious bedrooms, 1.5 baths, fresh paint, updated flooring, a laundry room, and recent roof repairs — a move-in ready home ideal for an owner-occupant or high-demand rental. The rear units are fully occupied, with each unit offering 2 bedrooms, 1 bath (1 unit), and 2 bedrooms, 2 baths (2 units) with modern updates and stable paying tenants. Location, location, location: This property is centrally located and within distance to Kaiser and Children's Hospital, Los Feliz, Griffith Park, Hollywood, and Glendale. Tenants pay all utilities, with water billed via RUBS, keeping operating costs efficient. Executed leases and estoppels are available for review. Pro-Forma Rent Roll: $12,380 Current rents with front vacant house: $6,090 Vacant Unit Market Rent: $4,595 *Disclaimer: Buyer and buyer’s agent are strongly advised to conduct their own independent investigation and due diligence to verify the accuracy of all property information, including but not limited to building records, permits, square footage, lot size, and bedroom/bathroom counts. Seller and listing broker make no representations or warranties, expressed or implied, as to the accuracy or completeness of any information provided and shall not be held liable for any misstatement, omission, or misinterpretation of facts*

Features

​​​​​​​

• 0.16 Acres
• 2 Stories