Remodeled Four-Unit
For Sale
$1,399,000
611 W 46th, Los Angeles, CA 90037
Vacant, renovated residential income property with updated kitchens, bathrooms, flooring, roofing, and tankless water heaters.
Property Size4,403 SF
Lot Size0.19 Acres
Price / SF$317.74
Days on Market50
Property Features for 611 W 46th
General Information
Standard status
Active
Size
4,403 SF
Lot size
0.19 Acres
Property subtype
Quadruplex
Site & Location
Neighborhood
Vermont Square
Highway Access
Yes
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Building Details
Building Size
4,403 SF
Year Built
1911
Buildings
1
Stories
2
Listing Agency:
Edgestone Real Estate, Inc.
Listed By:
Matias Stofenmacher · License #01705003
(818) 464-5707
Source:
Truthrealty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 11:51PM
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 Edgestone Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1911, this two-story quadplex contains four 3-bedroom, 2-bathroom units totaling 4,403 square feet on an 8,101-square-foot lot. The property is vacant and has undergone extensive remodeling, including new kitchens, renovated bathrooms, new flooring, tankless water heaters, a completed roof, and recent termite tenting. It is positioned for leasing immediately following closing, subject to the buyer’s operational plans.
The property is approximately 2.5 miles from USC in the Vermont Harbor neighborhood, with Downtown Los Angeles about six miles away via the 110 freeway. The California Science Center, Exposition Park Rose Garden, and Natural History Museum of LA County are also within minutes. The site includes parking and may support up to four ADUs, subject to City approval. The property passed its most recent SCEP inspection in August 2026.
The property is approximately 2.5 miles from USC in the Vermont Harbor neighborhood, with Downtown Los Angeles about six miles away via the 110 freeway. The California Science Center, Exposition Park Rose Garden, and Natural History Museum of LA County are also within minutes. The site includes parking and may support up to four ADUs, subject to City approval. The property passed its most recent SCEP inspection in August 2026.
Key Highlights
- Four 3‑bedroom, 2‑bathroom units in a two‑story building
- 4,403 square feet of living space on an 8,101‑square‑foot lot
- Fully vacant and extensively remodeled for immediate leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,564
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,280
$1.5M
Cap Rate 7%
$1,050,914
$1.1M
Cap Rate 9%
$817,378
$817.4K
Market Conditions
NOI Build-Up for 4,403 SF
Gross rent
$107.8K $24.48/SF
− Vacancy
−$2.7K −$0.61/SF
EGI
$105.1K $23.87/SF
− OpEx
−$31.5K −$7.16/SF
NOI
$73.6K $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%
$1,471,280
Cap Rate 7%
$1,050,914
Cap Rate 9%
$817,378
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$919.6K – $1.23M
NOI $73,564 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$934.1K
$817.3K – $1.09M
NOI $65,384 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,768 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,718
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Vacant, renovated residential income property with updated kitchens, bathrooms, flooring, roofing, and tankless water heaters.
Where is this quadplex located?
The property is located at 611 W 46th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four 3‑bedroom, 2‑bathroom units in a two‑story building; 4,403 square feet of living space on an 8,101‑square‑foot lot; Fully vacant and extensively remodeled for immediate leasing
