
Los Angeles, California 90026
This High-Potential Investment Opportunity is a Quadruplex listed at $1,399,999—positioned well below the $1,582,698 Fair Market Value by 11%. This valuation gap offers $182,699 in Instant Equity. With a Condition Rating of 4, the property features one renovated unit and three units ready for value-add updates. Boasting separate utility metering and bonus rooms, this asset is perfectly suited for Buy-and-Hold Investors or Value-Add Developers seeking a stable, income-generating asset in the high-demand 90026 area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2111 Aaron Street 4 Subject 0 bd · 0 ba · 2,304 sqft · $645 | $1,399,999* List Price | 0 | 0 | 2,304 | $645 | - |
A 1915 Echo Park Sold 0 bd · 0 ba · 2,054 sqft · $596 · 0.4 mi | $1,225,000 | 0 | 0 | 2,054 | $596 | 0.4 mi |
B 2201 Avon Sold 0 bd · 0 ba · 1,982 sqft · $719 · 0.7 mi | $1,425,000 | 0 | 0 | 1,982 | $719 | 0.7 mi |
C 1922 Santa Ynez Street Active 0 bd · 0 ba · 2,253 sqft · $510 · 0.9 mi | $1,150,000 List Price | 0 | 0 | 2,253 | $510 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this property is well-maintained but largely dated. While one unit has been renovated, the remaining three units and the visible kitchens/bathrooms show finishes, cabinetry, and tiling that appear to be over 20 years old. The property is functional and move-in ready but requires cosmetic updates and likely system modernizations to meet modern standards.
With one unit already fully renovated and three well-maintained units featuring flexible bonus rooms, there is a significant opportunity to increase rental income through strategic interior upgrades.
The property is separately metered for both gas and electricity, which minimizes landlord utility expenses and simplifies the management of tenant accounts.
Located in the high-demand Silver Lake/Echo Park area (90026), the property offers excellent long-term appreciation potential and proximity to top-rated schools like Clifford Street Elementary.
Built in 1921, the property may require higher ongoing maintenance costs and capital expenditures for aging systems compared to newer multifamily assets.
At approximately 576 square feet per unit, the living spaces are relatively small, which may limit the tenant pool to individuals or couples despite the inclusion of bonus rooms.
Excellent multifamily investment opportunity in Los Angeles! Welcome to 2111 Aaron St, a well-maintained gated four-unit property offering a great combination of pride of ownership, functionality, and long-term investment potential. The property consists of four 1-bedroom, 1-bath units, each featuring an additional bonus room that provides valuable flexible space for a home office, den, storage, or other potential uses. One unit has been fully renovated with updated finishes, while the remaining three units are in very good, well-maintained condition and offer an opportunity for future updating and value enhancement. Each unit is separately metered for gas and electricity, providing added convenience for ownership and tenants. The gated property also features a shared outdoor green area, creating an inviting communal space for residents to enjoy. The entire property has been carefully maintained and reflects consistent pride of ownership. With its gated setting, functional unit layouts, additional bonus spaces, individual gas and electric meters, and attractive common outdoor area, this property offers a compelling opportunity for an investor looking to add a quality four-unit asset to their portfolio. Conveniently located in the 90026 area of Los Angeles with access to shopping, dining, entertainment, employment centers, and major transportation routes. Buyer and buyer's agent to independently verify all information, including square footage, unit configuration, bonus-room use, permits, zoning, utilities, rents, expenses, and all other property information.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,304 | 2,090.331 |
| Lot Size | 7,763 | 5,852.908 |
| Price | $1.40M | $830.9K |
| Price per sq ft | $608 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 37 | 87 |
Oct 3, 2026
$1,399,999
Initial Listing
Dec 22, 1999
$161,000
Public Record