1070 N Alma, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
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Los Angeles, California 90063
This 4-plex presents a High-Potential Investment Opportunity with a List Price of $949,950—positioned well below the $955,452 Fair Market Value by 0.58%. This valuation gap offers $5,502 in Instant Equity. Featuring a Fair Condition Rating, the asset provides stable cash flow with long-term tenants and In-Unit Laundry. While the 1929 infrastructure requires proactive maintenance, the central location near major freeways ensures consistent demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking a stable, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1070 N Alma Subject | $949,950* List Price | 0 | 0 | 4,696 | $203 | - |
A 127 N Herbert Sold | $855,000 | 8 | 7 | 4,541 | $188 | 1.0 mi |
B 1101 N Rowan Pending | $685,000 List Price | 0 | 0 | 4,176 | $164 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this property shows signs of age with renovations that appear to be 15-25 years old. While the kitchen has newer flooring and stainless appliances, the cabinetry and overall aesthetic are dated. The exterior shows some deferred maintenance and the building's systems are likely aged, fitting the 'Fair' criteria for a property that is functional but needs modernization.
The property boasts exceptional proximity to major freeways (110, 5, 10, and 710) and Downtown LA, ensuring high tenant demand and long-term desirability in a central hub.
With a 17-year ownership history, stable long-term tenants, and recent upgrades to kitchens, baths, and windows, this 4-plex offers immediate, headache-free cash flow for investors.
Each unit features its own internal laundry hookups, a rare and highly sought-after amenity in older multi-family buildings that significantly increases tenant retention and rental value.
Built in 1929, the property may require higher long-term maintenance costs for aging plumbing, electrical, and structural systems typical of historic Los Angeles assets.
The large 4,696 sqft building footprint on a 6,375 sqft lot leaves minimal outdoor common space and potentially restricted parking options for a high-density four-unit complex.
FIRST TIME ON THE MARKET AFTER 17 YEARS OF OWNERSHIP! THIS IS A GREAT OPPORTUNITY TO OWN A 4-PLEX IN LOS ANGELES. LOCATED IN THE CENTER OF IT ALL WITH GREAT PROXIMITY TO EVERYTHING FROM DINING, SHOPPING, DOWNTOWN AND FREEWAYS 110, 5, 10 AND 710. THIS STABLE RENT GENERATING BUILDING WITH LONG TERM TIMELY TENANTS IS TURN KEY AND HEADACHE FREE! THERE ARE SOME UPGRADES INSIDE OF THE UNITS SUCH AS BATHS, KITCHEN AND WINDOWS. LAUNDRY INSIDE EACH UNIT. DON'T MISS IT!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,696 | 2,250 |
| Lot Size | 6,375 | 5,864 |
| Price | $950.0K | $826.7K |
| Price per sq ft | $202 | $395 |
| Built year | 1929 | 1925 |
| HOA | $0 | $0 |
| Days on market | 30 | 83 |
Jun 22, 2026
$949,950
Initial Listing
Sep 25, 2009
$342,000
Public Record
Jul 28, 2006
$636,500
Public Record