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1928 Rosalia Road, Los Angeles, California 90027, Los Angeles, 90027 - bed, bath

1928 Rosalia Road, Los Angeles, California 90027 home-pic-0
ACTIVE$1,820,000
1928 Rosalia Road, Los Angeles, California 90027
0Bed
0Bath
2,397Sqft
6,502Lot
Year Built
1927
Close
-
List price
$1.82M
Original List price
$1.82M
Price/Sqft
$759
HOA
-
Days on market
-
Sold On
-
MLS number
AR25154996
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.82M(86th), sqft - 2397(86th), beds - undefined(43th), baths - undefined(43th).

**ONE UNIT IS NOW VACANT** Welcome to this four unit 1920’s bungalow in the heart of Los Feliz! This timeless gem consists of Four 1 Bed/1 Bath units generating $112,000 a year in rental income. You can purchase for investment or live in one and rent out the other units! This well managed property has 2,397 square feet of living quarters and sits on a well designed 6,502 square foot lot. Each unit has its own tree shaded entryway allowing for privacy and a backdoor that takes you to a beautiful back yard open patio. Each tenant has their own gas and electrical meter allowing for easy management. This peaceful palm tree lined street is iconic to Los Angeles living and walking distance to the best Los Feliz has to offer. With a strong and stable Cap rate of 4.4%, this opportunity is desirable to owners and investors alike. Don’t miss this rare chance to own this turnkey classic with so much character Zoned R2-1XL. SELLER MAY FINANCE a portion of the purchase.

Nearby schools

8/10
Franklin Avenue Elementary School
Public,•K-6•0.1mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.5mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.9mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.1mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.2mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.4mi
4/10
Grant Elementary School
Public,•K-6•1.6mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•2.0mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.8mi
3/10
Joseph Le Conte Middle School
Public,•6-8•2.0mi
8/10
John Marshall Senior High School
Public,•9-12•0.5mi
6/10
Hollywood Senior High School
Public,•9-12•3.1mi

Price History

Date
Event
Price
07/11/25
Listing
$1,820,000
06/10/21
Sold
$1,700,000
08/03/05
Sold
$1,050,000
07/29/05
Sold
$560,000
Condition Rating
Fair
This 1927 quadruplex is described as a 'turnkey classic' and appears well-maintained for its age. However, the kitchens and bathrooms, while functional and clean, are significantly dated in style and features. Kitchens consistently show white tile countertops, older white appliances, and linoleum/vinyl flooring. Bathrooms feature white tile, pedestal sinks or basic vanities, and older fixtures. The property has original hardwood floors in living areas and bedrooms, which is a positive, but the presence of window AC units suggests a lack of central cooling. There's no evidence of extensive recent renovations (within the last 15 years) that would elevate its condition to 'Good' or 'Excellent'. It requires minor updates to modernize the wet areas and systems, aligning with the 'Fair' category.
Pros & Cons

Pros

Strong Rental Income & Cap Rate: The property generates a substantial $112,000 annually in rental income with a stable 4.4% Cap Rate, indicating a solid return on investment for buyers.
Prime Los Feliz Location: Located in the highly desirable heart of Los Feliz, offering excellent walkability to local amenities and strong potential for property appreciation.
Investment Flexibility & Vacant Unit: The property offers the flexibility for either pure investment or owner-occupancy with rental income, further enhanced by one unit being currently vacant for immediate market-rate leasing or personal use.
Individual Utilities & Tenant Privacy: Each unit benefits from its own gas and electrical meter, simplifying management, and features private, tree-shaded entryways and backyard patios, enhancing tenant appeal and privacy.
Seller Financing Option: The seller's willingness to finance a portion of the purchase provides a significant financial advantage and increased flexibility for potential buyers.

Cons

Age of Property & Potential Maintenance: Built in 1927, the property, despite being described as 'turnkey,' may require significant future capital expenditures for system upgrades or deferred maintenance typical of older buildings.
Limited Unit Configuration: All four units are 1 Bed/1 Bath, which may limit the tenant pool and future rental growth potential compared to properties offering a more diverse range of unit sizes.
Lack of Dedicated Parking Information: The property description does not specify dedicated parking for tenants, which can be a significant drawback and challenge for a multi-unit property in a dense Los Angeles neighborhood.

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