
Los Angeles, California 90023
This property presents a High-Potential Investment Opportunity with a List Price of $989,888—positioned well below the $947,899 Fair Market Value by -4%. While the property requires modernization, its Quadruplex configuration on a large 8,998 sqft lot provides significant rental income potential in the high-demand Boyle Heights market. Featuring a Condition Rating of 4, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers looking to capitalize on the detached unit layout and long-term appreciation in an established rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3454 Sabina St Subject | $989,888* List Price | 0 | 0 | 4,104 | $231 | - |
A 3946 E 6th Street Pending | $749,000 List Price | 0 | 0 | 3,906 | $192 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1911, this property is functional but significantly dated. The presence of wall heaters, window AC units, and popcorn ceilings indicates that major systems and interior finishes have not been modernized in over 20 years. While currently tenant-occupied and move-in ready for a rental, it requires updates to the HVAC, electrical, and cosmetic finishes to meet modern standards.
The property features two detached single-family homes totaling four units, offering a unique layout that provides tenants with enhanced privacy compared to traditional high-density apartment blocks.
Situated in the established Boyle Heights rental market, this quadruplex offers steady income potential and long-term appreciation in a high-demand Los Angeles neighborhood.
A recent price reduction of over $160,000 from the original list price makes this property a more attractive acquisition for investors seeking a better entry point and cap rate.
Originally built in 1911, the property likely requires significant capital expenditures to modernize aging infrastructure, including plumbing, electrical, and structural systems.
With 65 days on the market and a substantial price cut, the listing may face perception challenges regarding its condition or initial overvaluation compared to recent area sales.
Fantastic investment opportunity featuring two detached single-family homes with a total of four units on a spacious lot in the desirable Boyle Heights area. This well-located income-producing property offers a unique setup with detached structures, providing added privacy and appeal for tenants. This property offers steady income potential and long-term appreciation in one of Los Angeles' most established rental markets. A rare opportunity to own a versatile multi-unit property in a prime Los Angeles location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,104 | 2,187.451 |
| Lot Size | 8,998 | 5,841.385 |
| Price | $989.9K | $841.5K |
| Price per sq ft | $241 | $385 |
| Built year | 1911 | 1928 |
| HOA | $0 | $0 |
| Days on market | 77 | 85 |
Aug 28, 2026
$989,888
$1,150,000
-14% Price Drop
Initial Listing
Jun 24, 2026
$1,150,000
Initial Listing
May 14, 2024
$950,000
Public Record
May 6, 2020
$915,000
Public Record