3224 E 4th, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
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3224 E 4th
Los Angeles, California 90063
ACTIVE
CONDITION: POOR
2Beds
1Baths
980Sq Ft
5,020Lot Size
Property Price
LIST PRICE$399,999
EST. MARKET VALUE
$434,258
7% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $399,999—positioned well below the $434,259 Fair Market Value by 7%. This valuation gap offers $34,260 in Instant Equity for buyers. Featuring a Dual-Unit Configuration on a 5,020 sqft lot, the property has a Condition Rating of 5, indicating a need for renovation. With flexible zoning potential in a high-demand Boyle Heights location, this is a strategic Asset ideal for Buy-and-Hold Investors or Developers seeking to maximize rental income or redevelopment potential.
Estimated Market Value
$434,258+$34,259 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3224 E 4th Subject 2 bd · 1 ba · 980 sqft · $443 | $399,999* List Price | 2 | 1 | 980 | $443 | - |
A 3319 Blanchard Sold 2 bd · 1 ba · 1,034 sqft · $455 · 1.0 mi | $470,000 | 2 | 1 | 1,034 | $455 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1956 (68 years old) with no mention of recent renovations, this property is explicitly marketed as an 'investor opportunity' for 'redevelopment' or 'renovation.' Sold 'AS-IS' with a focus on land potential and vision, it likely suffers from significant deferred maintenance and outdated systems consistent with its age.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Configuration
The property features a 2-bedroom front residence plus a separate rear unit with its own bathroom, offering excellent potential for rental income or multi-generational living.
- Strategic Location
Situated in the heart of Boyle Heights just minutes from Downtown Los Angeles, the location provides exceptional access to major freeways, public transit, and urban amenities.
- Development Flexibility
With a 5,020 sqft lot and zoning that may allow for commercial use or redevelopment, this property presents a versatile opportunity for investors to add significant value.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in its current condition, which will likely require substantial renovation and immediate capital investment to bring it up to modern standards.
- Regulatory Due Diligence
The buyer bears the burden of verifying unit legality, permits, and zoning, suggesting potential complexities or unverified additions that could impact future development.
About 3224 E 4th
INVESTOR OPPORTUNITY IN THE HEART OF BOYLE HEIGHTS! Discover the possibilities with this unique property located just minutes from Downtown Los Angeles! The property features a front residence offering 2 bedrooms and 1 bathroom, along with a separate rear unit featuring its own bathroom and an attached two-car garage. Offering flexibility and potential for investors, developers, and buyers with a vision, this property presents an opportunity to explore renovation, redevelopment, or future investment possibilities. The property's zoning may allow for commercial uses or development, subject to verification and approval by the City of Los Angeles. Conveniently situated near major freeways, public transportation, shopping, dining, and Downtown LA, the location adds to its investment appeal. Property is being sold AS-IS. Buyer to independently verify all information, including square footage, permits, unit legality, zoning, allowable commercial uses, development potential, and tenancy. Bring your vision and explore the potential of this Boyle Heights investment opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 5,020 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Euclid Avenue Elementary School
Grades K-5 • 0.5 mi
5/10
First Street Elementary School
Grades K-6 • 0.5 mi
2/10
Lorena Street Elementary School
Grades K-5 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 980 | 1,670.836 |
| Lot Size | 5,020 | 6,152.156 |
| Price | $400.0K | $1.34M |
| Price per sq ft | $408 | $807 |
| Built year | 1956 | 1941 |
| HOA | $0 | $238 |
| Days on market | 18 | 56 |
Pricing History
Listed for Sale
Oct 22, 2026
$399,999
Initial Listing