3415 Mckinley, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This fully leased fourplex presents a High-Potential Investment Opportunity, listed at $1,050,000—positioned above the $931,499 Fair Market Value by -12%. While priced at a premium, the asset offers immediate cash flow with 100% occupancy and recent capital improvements, including a 2-year-old roof and new exterior paint. With a Condition Rating of 4, the units provide a clear path for value-add interior renovations. This is a stable, income-producing asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking proximity to the USC rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3415 Mckinley Subject | $1,050,000* List Price | 0 | 0 | 3,200 | $291 | - |
A 3833 - 3835 Woodlawn Sold | $1,000,000 | 0 | 0 | 3,446 | $290 | 0.7 mi |
B 786 E 41st Active | $759,800 List Price | 0 | 0 | 2,730 | $278 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property is over 60 years old. While it has a new roof (2 years old) and new exterior paint, there is no mention of interior renovations to kitchens, bathrooms, or electrical/plumbing systems, suggesting the units are dated and likely require updates to meet modern standards.
Situated approximately 2 miles from USC and major student housing hubs, the property is positioned in a high-demand rental market with a consistent pool of potential tenants.
The fourplex is 100% occupied with stable, long-term tenants, offering a turnkey income-producing asset with immediate rental returns for the new owner.
With a roof that is only two years old and fresh exterior paint, the property requires less immediate capital expenditure for major maintenance and offers improved curb appeal.
The 'do not disturb tenants' restriction and the requirement for the buyer to independently verify all permits, zoning, and square footage may complicate the initial inspection process.
Several nearby public schools carry low performance ratings (2/10 and 3/10), which could potentially limit the property's appeal to long-term family tenants.
Excellent Investment Opportunity – Fully Leased Fourplex in Los Angeles - New Exterior Paint - Roof 2 years new!!! Don't miss this exceptional opportunity to own a 100% occupied fourplex in a strong rental market. Ideally located just approximately 2 miles from USC and the Icon Plaza USC Student Apartments, this property offers excellent long-term investment potential. The property features long-term, stable tenants with consistent rental income, making it an attractive addition to any investment portfolio. Whether you're a seasoned investor or completing a 1031 exchange, this income-producing asset offers immediate cash flow and future upside. ***Please do not disturb the tenants *** Buyer to verify all information, including square footage, rents, permits, zoning, and property condition to their satisfaction.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,200 | 2,250 |
| Lot Size | 5,250 | 5,864 |
| Price | $1.05M | $826.7K |
| Price per sq ft | $328 | $395 |
| Built year | 1959 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 83 |
Jul 10, 2026
$1,050,000
Initial Listing
Jul 31, 2013
$555,000
Public Record
May 21, 2009
$420,000
Public Record
Aug 31, 2006
$700,000
Public Record