
Los Angeles, California 90039
This High-Potential Investment Opportunity is a Quadruplex listed at $1,395,000, positioned well below the $1,699,940 Fair Market Value by 17%. This valuation gap offers $304,940 in Instant Equity. With a Condition Rating of 3, the property features two renovated units and two functional units, providing a clear path for value-add through modernization. Located in the high-demand Elysian Valley, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking consistent rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2714 Queen Subject | $1,395,000* List Price | 0 | 0 | 3,400 | $500 | - |
A 2305 Silver Ridge Avenue Sold | $1,412,772 | 6 | 6 | 2,784 | $507 | 0.6 mi |
B 2710 Queen Active | $1,199,999 List Price | 0 | 0 | 3,538 | $339 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1964, the property is well-maintained with 50% of the units (2 out of 4) having undergone recent high-end renovations (<5 years) featuring modern kitchens with quartz countertops, stainless steel appliances, and updated bathrooms. The remaining units are described as functional and move-in ready. While the exterior shows window AC units rather than central HVAC, the significant interior updates to half the building elevate the overall condition from Fair to Good.
Situated in the high-demand Elysian Valley neighborhood, the property offers excellent proximity to the LA River bike path, Silver Lake, and Downtown LA, ensuring strong tenant demand and long-term appreciation.
With two units already fully renovated with modern finishes and two units in functional condition, investors have a clear path to increase the cap rate by updating the remaining units to market standards.
The consistent four-unit layout of 2-bedroom, 1-bathroom configurations is highly sought after in the Los Angeles rental market, providing better utility and tenant retention compared to smaller studio or one-bedroom units.
The split between renovated and original units creates a bifurcated rent roll, requiring immediate capital expenditure planning to modernize the remaining 50% of the building.
As a 1964 build, the property may require ongoing maintenance or significant upgrades to core systems like plumbing and electrical that are not fully addressed by the cosmetic interior renovations.
Four-unit multifamily property located in the Elysian Valley neighborhood of Los Angeles near the LA River corridor. The building features four 2-bedroom, 1-bath units with practical and efficient layouts. Two units have been fully renovated with updated interiors reflecting a contemporary design style. Renovations include modern kitchen cabinetry, quartz countertops, subway tile backsplash, stainless steel appliances, updated plumbing fixtures, and coordinated hardware. Bathrooms have been refreshed with updated vanities, modern tile work, and clean finishes. Wide-plank flooring and recessed lighting contribute to a cohesive interior presentation. The remaining units maintain functional floor plans and offer balanced living spaces. The 2-bedroom configuration remains a widely utilized layout within the Los Angeles housing market. Situated in Frogtown, the property provides proximity to the LA River bike path, Elysian Park, Silver Lake, Echo Park, and Downtown Los Angeles. The area offers access to local dining, retail, parks, and transportation options. Major freeway access supports connectivity throughout the region. This property presents a four-unit residential income building in a centrally located Los Angeles neighborhood with updated interiors and a consistent unit mix.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 38% |
| Baths | 0.0 | 2.0 | 38% |
| Square foot | 3,400 | 2,193.5 | 88% |
| Lot Size | 5,451 | 5,392 | 50% |
| Price | $1.40M | $1.42M | 38% |
| Price per sq ft | $410 | $769 | 13% |
| Built year | 1964 | 1932 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 120 | 13% |
May 16, 2026
$1,395,000
Initial Listing
Aug 30, 2010
$458,000
Public Record
Mar 2, 2007
$700,000
Public Record