3496 E 4th Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE UNDER CONTRACT$949,999
3496 E 4th Street, Los Angeles, California 90063
0Bed
0Bath
3,490Sqft
5,622Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property is a triplex, offering three distinct units (3 beds/1 bath, 2 beds/2 baths, 1 bed/1 bath) which provides immediate rental income and is ideal for investors or owner-occupants seeking mortgage assistance.
Top Cons:
Advanced Age of Property: Built in 1911, the property is over a century old, which likely implies the need for significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing maintenance.
Compared to the nearby listings
Price:$950.0K vs avg $775.0K (+$174,999)80%
Size:3,490 sqft vs avg 1,977 sqft96%
Price/sqft:$272 vs avg $35320%
More Insights
Built in 1911 (114 years old).
Condition: Built in 1911, this property is over a century old. While some superficial updates like laminate flooring and fresh paint are visible in several rooms, the core components, especially the kitchens and bathrooms, are significantly outdated. The kitchen features old-style tiled countertops and backsplash with dated cabinets, and no modern appliances are visible. Bathrooms also show older tile work. The property is functional and appears maintained, but it requires substantial renovation to modernize and meet current quality standards, aligning with the 'Fair' condition criteria.
Year Built
1911
Close
-
List price
$950K
Original List price
$979K
Price/Sqft
$272
HOA
-
Days on market
-
Sold On
-
MLS number
DW25186244
Home ConditionFair
Features
View-
About this home
BOYLE HEIGHTS TRIPLEX- LIVE, INVEST, AND GROW! Unlock the perfect blend of comfort and opportunity with this 3-unit property in the heart of Boyle Heights. The front home offers 3 beds / 1 bath, the second unit features 2 beds/ 2 baths and the third unit provides a cozy 1 bed/ 1. Ideal for FHA buyers - live in one and let the others help pay your mortgage- or hold as a strong income property with great rental demand. Located just minutes from Downtown L.A., the Arts District, and major freeways. This triplex sits in one of LA's fastest-growing neighborhoods. Don't miss this rare opportunity to own in a vibrant community where growth and value are on your side!
Nearby schools
5/10
Rowan Avenue Elementary School
Public,•K-5•0.5mi
3/10
Belvedere Elementary School
Public,•K-5•0.5mi
2/10
Lorena Street Elementary School
Public,•K-5•0.7mi
/10
Amanecer Primary Center
Public,•K-2•0.7mi
5/10
Euclid Avenue Elementary School
Public,•K-5•0.7mi
2/10
First Street Elementary School
Public,•K-6•0.8mi
4/10
Malabar Street Elementary School
Public,•K-6•0.9mi
5/10
Sunrise Elementary School
Public,•K-6•1.0mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.1mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.2mi
4/10
Breed Street Elementary School
Public,•K-6•1.3mi
4/10
Soto Street Elementary School
Public,•K-6•1.3mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•1.4mi
3/10
Sheridan Street Elementary School
Public,•K-6•1.4mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.5mi
3/10
Harrison Street Elementary School
Public,•K-6•1.5mi
4/10
Second Street Elementary School
Public,•K-6•1.6mi
2/10
Murchison Street Elementary School
Public,•K-6•1.9mi
4/10
Bridge Street Elementary School
Public,•K-5•1.9mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.7mi
4/10
Gates Street Elementary School
Public,•K-5•2.8mi
3/10
Albion Street Elementary School
Public,•K-6•3.0mi
5/10
Ninth Street School
Public,•K-5•3.0mi
3/10
Ann Street Elementary School
Public,•K-6•3.1mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•0.5mi
4/10
Belvedere Middle School
Public,•6-8•0.8mi
6/10
Hollenbeck Middle School
Public,•6-8•1.0mi
4/10
Utah Street Elementary School
Public,•K-8•2.1mi
6/10
Vernon City Elementary School
Public,•K-7•2.9mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•3.2mi
5/10
El Sereno Middle School
Public,•6-8•3.4mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.8mi
5/10
Florence Nightingale Middle School
Public,•6-8•4.0mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•0.9mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.1mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.1mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.2mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.7mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.9mi
5/10
Maywood Academy High
Public,•9-12•3.4mi
4/10
Huntington Park Senior High School
Public,•9-12•3.5mi
5/10
Bell Senior High School
Public,•9-12•4.0mi
4/10
Elizabeth Learning Center
Public,•K-12•4.9mi
Price History
Date
Event
Price
03/03/08
Sold
$85,454
02/03/03
Sold
$285,000
Condition Rating
Fair
Built in 1911, this property is over a century old. While some superficial updates like laminate flooring and fresh paint are visible in several rooms, the core components, especially the kitchens and bathrooms, are significantly outdated. The kitchen features old-style tiled countertops and backsplash with dated cabinets, and no modern appliances are visible. Bathrooms also show older tile work. The property is functional and appears maintained, but it requires substantial renovation to modernize and meet current quality standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Potential: The property is a triplex, offering three distinct units (3 beds/1 bath, 2 beds/2 baths, 1 bed/1 bath) which provides immediate rental income and is ideal for investors or owner-occupants seeking mortgage assistance.
Strategic Location: Located just minutes from Downtown L.A., the Arts District, and major freeways, offering excellent connectivity and high tenant appeal.
High-Growth Neighborhood: Situated in Boyle Heights, identified as one of LA's fastest-growing neighborhoods, suggesting strong potential for property value appreciation and rental demand.
FHA Buyer Eligibility: Explicitly mentioned as 'ideal for FHA buyers,' which broadens the potential buyer pool and makes it accessible to owner-occupants with lower down payments.
Versatile Investment Opportunity: The property offers flexibility for different buyer types, allowing an owner to live in one unit while renting out the others, or holding it purely as an income-generating asset.
Cons
Advanced Age of Property: Built in 1911, the property is over a century old, which likely implies the need for significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing maintenance.
Potential for Deferred Maintenance/Renovation: The listing description does not highlight recent major renovations or updates, suggesting a new owner may need to invest substantially to modernize units or address wear and tear to maximize rental value.
Lack of Specifics on Key Amenities: The description omits details on crucial amenities such as parking availability (highly valued in Los Angeles) or private outdoor spaces, which could be a disadvantage for tenants and impact rental desirability.