4 Bungalow Style Units in South Central

$650,000

4106 S. San Pedro St

# of Units: 4

GRM (Pro Forma): 10.71

CAP Rate (Pro Forma): 11.08%

Price/SF: $307

Building SF: 2,120

Lot SF: 7,138

Zoning: LAC2

Year Built: 1924

Description

Fantastic investment opportunity to purchase a bungalow style 4 unit property in the heart of South Central Los Angeles at a hard to find, low price point. The property is 100% occupied and offers strong in-place cash flow with over $5,000/month, and a low GRM of only 10.71, and a 5.65% CAP rate.

The property is separately metered, so the owner only pays for water and sewer. Two of the roofs were replaced in 2024 with permits. There is ample open parking in the rear for 6 cars, and a parking gate with rear alley access. This is a stabilized asset in a high-demand rental market with excellent future upside potential. The property is subject to City of LA Rent Control (LA RSO) and rents were most recently increased in June 2026. Property will be sold with all tenants in place, so no FHA or owner-occupied loans are possible.

Location

Ideally located near the Gilbert Lindsay Recreation Center and only 2 blocks from Ricardo Lizarraga Elementary School, the property also benefits from convenient access just east of the 110 Freeway and south of MLK Jr Blvd. Residents are just minutes from University of Southern California and Exposition Park, home to locally popular museums, entertainment venues, and major sporting events, making this a highly desirable location with strong long-term rental demand. *A full marketing package is available from the listing agent upon request. * This property is part of a larger portfolio sale of tenant occupied homes and multifamily properties - call listing agent for more info.*

Property Highlights

100% occupied 4 bungalow-style units in South Central Los Angeles with separate meters and hot water heaters.
Large lot over 7,000 SF.
Only $162,500/unit, 10.71 GRM and 5.65% CAP rate.
Naturally a lower expense property & easier to access repairs due to bungalow style units & raised foundations.
Over $5,000/month in current rental income.
Property is subject to City of Los Angeles Rent Stabilization Ordinance (RSO) & rents were last increased in June 2026.
There are 6 parking spaces in rear, which are leased on separate parking leases to tenants. (Parking leases are not subject to LA RSO).
2 of the roofs were replaced in 2024 with permits.
Attractive investment opportunity with stable in-place cash flow and future upside potential.
Located near Gilbert Lindsay Recreation Center, and 2 blocks from Ricardo Lizarraga Elementary School.
Conveniently located just east of the 110 Harbor Freeway, just south of MLK Jr Blvd and between Main & Alameda.
Minutes from University of Southern California and Exposition Park.
Excellent access to employment centers, education, entertainment, and public transportation.