Four-Unit Quadplex with
New
For Sale
$799,900
4536 Wesley, Los Angeles, CA 90037
All four residences are occupied and include washer and dryer connections, with gas and electric service separately metered.
Property Size4,116 SF
Lot Size0.15 Acres
Price / SF$194.34
Days on Market5
Property Features for 4536 Wesley
General Information
Standard status
Active
Size
4,116 SF
Total Parking Spaces
7
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Occupancy
100%
Site & Location
Neighborhood
Vermont Square
Highway Access
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Individually Metered Utilities
gas, electricity
Additional Details
Cap Rate
6.21%
Tenant in Place
Yes
Amenities
washer/dryer hookups
Building Details
Building Size
4,116 SF
Year Built
1913
Buildings
1
Listing Agency:
Equity Union
Listed By:
Jonathan Kim · License #01419100
(818) 949-8220
Source:
Jademillsestates
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
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Investment Insights
Based on property information with market context.
This Los Angeles quadplex contains four two-bedroom, one-bathroom residences, each approximately 1,000 square feet. Combined living area is 4,116 square feet on a 6,527-square-foot lot with LAR3 zoning. The property was built in 1913, and all four units are occupied. Each residence has washer and dryer hookups; gas and electricity are separately metered. A parking area accessed from Hoover accommodates up to seven vehicles.
The property is about a mile from Exposition Park, which includes the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the LA Memorial Coliseum. USC, BMO Stadium, and Downtown LA are also described as minutes away, with access to I-110, I-10, and I-105.
The property is about a mile from Exposition Park, which includes the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the LA Memorial Coliseum. USC, BMO Stadium, and Downtown LA are also described as minutes away, with access to I-110, I-10, and I-105.
Key Highlights
- Four occupied units, each with 2 bedrooms and 1 bathroom
- 4,116 sq ft of building area on a 6,527 sq ft lot
- LAR3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,768
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,360
$1.4M
Cap Rate 7%
$982,400
$982.4K
Cap Rate 9%
$764,089
$764.1K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$100.8K $24.48/SF
− Vacancy
−$2.5K −$0.61/SF
EGI
$98.2K $23.87/SF
− OpEx
−$29.5K −$7.16/SF
NOI
$68.8K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,360
Cap Rate 7%
$982,400
Cap Rate 9%
$764,089
Alternative Uses
Best Use
Multifamily LT 5
$982.4K
$859.6K – $1.15M
NOI $68,768 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$873.2K
$764.0K – $1.02M
NOI $61,122 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,896 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied and include washer and dryer connections, with gas and electric service separately metered.
Where is this quadplex located?
The property is located at 4536 Wesley Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four occupied units, each with 2 bedrooms and 1 bathroom; 4,116 sq ft of building area on a 6,527 sq ft lot; LAR3 zoning
