Four-Unit Apartment
New
For Sale
$799,900
4536 Wesley, Los Angeles, CA 90037
Los Angeles, CA
Property Size4,116 SF
Lot Size0.15 Acres
Price / SF$194.34
Days on Market1
Property Features for 4536 Wesley
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 3, Laundry Room, Bedroom 8, Bedroom 1, Bathroom 1
Lot features
Rectangular Lot
Directions
south of vernon and west of hoover
Subdivision
C34 - Los Angeles Southwest
Standard status
Active
APN
5018002010
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1913
Floors in Building
2
Number of units
4
Listing Agency:
Equity Union
(661) 516-2064
Listed By:
Jonathan Kim · License #01419100
(661) 312-2215
Added: Oct 20
Last Checked: Oct 20 at 7:06PM
MLS# SR26227289
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1913 apartment property contains four two-bedroom, one-bath residences, each measuring about 1,000 square feet. Combined building area is 4,116 square feet on a 6,527-square-foot lot zoned LAR3. All four units are occupied, and the reported cap rate is 6.21%. Gas and electricity are individually metered, and each residence has washer and dryer hookups. A parking area accommodates up to seven vehicles, with entry from Hoover Street.
At 4536 Wesley in Los Angeles, the property is approximately one mile from Exposition Park, which includes the Natural History Museum, California Science Center, Lucas Museum of Narrative Art and LA Memorial Coliseum. USC, BMO Stadium and Downtown LA are described as minutes away. Regional road access includes I-110, I-10 and I-105.
At 4536 Wesley in Los Angeles, the property is approximately one mile from Exposition Park, which includes the Natural History Museum, California Science Center, Lucas Museum of Narrative Art and LA Memorial Coliseum. USC, BMO Stadium and Downtown LA are described as minutes away. Regional road access includes I-110, I-10 and I-105.
Key Highlights
- Four occupied units, each with 2 bedrooms and 1 bathroom
- 4,116 sq ft building on a 6,527 sq ft LAR3 lot
- Reported cap rate: 6.21%
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
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
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 - Separate gas and electric meters assign utility responsibility to residents, while every unit includes washer and dryer hookups.
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 building on a 6,527 sq ft LAR3 lot; Reported cap rate: 6.21%
