
Los Angeles, California 90026
This 2017-built fourplex represents a High-Potential Investment Opportunity, listed at $1,995,000—positioned slightly above the $1,968,919 Fair Market Value. Featuring a Condition Rating of 2, this modern asset offers 12 bedrooms and 9 bathrooms, providing a versatile unit mix that is exempt from the City of Los Angeles Rent Stabilization Ordinance. With eight off-street parking spaces and newer construction, the property minimizes maintenance overhead. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate rental scale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 136 N Carondelet Subject 0 bd · 0 ba · 5,010 sqft · $393 | $1,995,000* List Price | 0 | 0 | 5,010 | $393 | - |
A 136 N Rampart Boulevard Active 0 bd · 0 ba · 4,700 sqft · $381 · 0.1 mi | $1,790,000 List Price | 0 | 0 | 4,700 | $381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and qualifies as newer construction. It features modern systems (HVAC/Electric), contemporary kitchen and bath finishes, and requires no immediate maintenance.
Built in 2017, this property is likely exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing for market-rate rent adjustments and significantly lower regulatory hurdles for investors.
The property features an impressive total of 12 bedrooms and 9 bathrooms across four units, providing a high-density configuration that maximizes potential rental income and appeals to a wide tenant base.
Offering eight off-street parking spaces, including four garages, is a rare and highly valuable asset in the Silver Lake/Echo Park area, where street parking is notoriously difficult.
The assigned middle and high schools carry lower ratings (3 to 5), which may limit the appeal for long-term family tenants seeking top-tier educational districts for their children.
Despite the large 5,010 square foot interior, the property lacks significant private yard or dedicated outdoor living space, which can be a drawback for tenants in the larger four-bedroom unit.
An exceptional opportunity to own a 2017-built four-unit property in the heart of Los Angeles. Located at 136–138½ North Carondelet Street, this property offers a desirable mix of larger residences: one 2-bedroom, 2-bath unit; two 3-bedroom, 2-bath units; and one 4-bedroom, 3-bath unit—for a combined 12 bedrooms and 9 bathrooms. The varied unit mix provides versatility for investors seeking a multifamily asset with broad rental appeal. Indoor laundry adds everyday convenience, while eight off-street parking spaces, including four garage spaces, provide a valuable advantage in this urban setting. Built in 2017 and offered as exempt from the City of Los Angeles Rent Stabilization Ordinance, subject to buyer verification, the property combines newer construction with an appealing ownership opportunity. Enjoy a central location near Silver Lake and Downtown Los Angeles, with access to the dining, shopping, nightlife, and entertainment that make Los Angeles a world-class destination. From neighborhood cafés and cultural attractions to evenings on the Sunset Strip, residents are well positioned to experience the city’s diverse offerings. With its substantial bedroom count, versatile unit mix, indoor laundry, generous parking, and central location, this fourplex presents a compelling opportunity to establish or expand a Los Angeles real estate portfolio.
No exterior & parking available.
Grades K-1 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 5,010 | 2,090.331 |
| Lot Size | 6,749 | 5,852.908 |
| Price | $2.00M | $830.9K |
| Price per sq ft | $398 | $394 |
| Built year | 2017 | 1928 |
| HOA | $0 | $0 |
| Days on market | 28 | 87 |
Oct 12, 2026
$1,995,000
Initial Listing
Jan 10, 2018
$2,100,000
Public Record
Oct 21, 2016
$630,000
Public Record
Oct 12, 1995
$124,000
Public Record