Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveQuadruplex

5422 Ruthelen Street

Los Angeles, CA, 90062

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$1,399,999

MLS: PW26054213

Beds

7

Baths

5

Sq Ft

2,832

Lot

0.16 ac

Year Built

1922

MLS #

PW26054213

Days on Market

38

Listed

Mar 12, 2026

Description

Hard to come by! A fully Renovated 4 plex in the desirable chesterfield square of South Los Angeles, near Leimert park. Spans over approximately 7000 square lot and on total of 2832 square foot living space. Craftly and masterfully constructed for multi general households, owner occupants looking to offset mortgage payment with strong rental income. It is also an Investor delight-strong rental income. The front unit features 3 bedrooms and 2 bathrooms, offers master bathroom, walk-in closet and cozy shower. Second unit features 2 beds and 1 bathroom, third unit offers 1 bed and 1 bath while the fourth unit- the Detached ADU offers 1 bedroom and 1 large size shower bathroom. Each unit has been thoughtfully designed with top of the line finishes; white shaker cabinetries with soft close drawers, brand-new stainless steel Samsung Appliances, quartz counter tops, recessed lighting. With luxury vinyl plank throughout which compliments with the color of the walls. Provision made available for washer and dry hook ups for both gas and electric options for all the units. Main Unit comes with central HVAC systems and the rest come with ductless mini split systems in all rooms and living rooms. Each unit comes with energy efficient tankless water heater includes separate gas and electric meters making it flexible for optimum rental income. Both buildings come with new roofing, new plumbing, new studs, electrical, new electrical panels and sub panel while exterior features new stucco and rain gutters. Has Alley access advantage with ample on-site parking up to 8 cars and can host large family gathering- new paved parking lot. All construction done with permits. Property is conveniently located near Inglewood Sofi Stadium, USC, Exposition park, Leimert Park, Los Angeles memorial park, LA Downtown. Easy access to the Expo Line, major freeways; 110, 405, 10 and 105.

Location

Los Angeles, Los Angeles County, CA 90062

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Listed by: Cajetan Alufuo · Zenith Homes & Mortgage

Payment estimate

$10,025

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $140,000 · Loan: $1,259,999

%
Principal & Interest
$7,742
Property tax (1.25%)
$1,458
Homeowners insurance
$300
Mortgage insurance
$525
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $49,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Los Angeles, CA 90062 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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