
Los Angeles, California 90063
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,250,000—positioned above the $1,197,803 Fair Market Value. While not a discount buy, the property features a Condition Rating of 3, offering a stable, income-producing foundation. With 8 dedicated parking spaces and a desirable unit mix, this property provides significant operational advantages in a high-demand rental market. The separate metering for gas and electricity ensures a landlord-friendly expense structure, making this an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3634 Lanfranco Subject | $1,250,000* List Price | 0 | 0 | 3,132 | $382 | - |
A 322 N Ditman Sold | $950,000 | 0 | 0 | 2,694 | $353 | 0.8 mi |
B 3249 E 4th Active | $985,000 List Price | 8 | 4 | 3,288 | $300 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1911, the property appears well-maintained with a likely renovation occurring between 2019 and 2021 based on sales history. Exterior images show a newer architectural shingle roof, updated vinyl windows, and clean stucco. The presence of separate meters is a functional plus, though the use of window AC units and the 'value-add' description suggest the interiors are functional and move-in ready but not at a premium 'excellent' grade.
The property features 8 dedicated parking spaces for just 4 units, a rare and highly valuable asset in the high-density East Los Angeles rental market that significantly enhances tenant appeal.
Units are separately metered for gas and electricity with tenants responsible for their own trash, minimizing landlord overhead and protecting the property's net operating income.
The building offers a desirable mix of large three-bedroom and two-bedroom units, which typically command higher rents and experience lower turnover compared to smaller studio or one-bedroom units.
Originally constructed in 1911, the property may require significant ongoing maintenance or capital expenditures to address aging infrastructure and systems common in century-old structures.
As a multi-unit property in Los Angeles, it is subject to local rent stabilization ordinances, which can restrict the ability to quickly adjust rents to market rates despite the 'value-add' potential.
Incredible Cash-Flowing 4-Plex with Value-Add Upside & 8 Parking Spaces! Attention investors! Don’t miss this exceptional four-unit income-producing property situated on a spacious 7,432 sq. ft. lot in East Los Angeles (90063). The desirable unit mix includes one large 3-bedroom/2-bath unit, one 3-bedroom/1-bath unit, and two 2-bedroom/1-bath units. The property also offers a landlord-friendly expense structure. All four units are separately metered for gas and electricity, and tenants pay for gas, electricity, and trash. The landlord is primarily responsible for water. A major highlight is the large, gated parking area with 8 dedicated parking spaces, a significant advantage in this high-demand rental market. Located in a quiet and developing East Los Angeles neighborhood with convenient access to major freeways, shopping, dining, Citadel Outlets, and Downtown Los Angeles. An excellent opportunity for investors seeking a strong cash-flowing asset, future upside, or a potential 1031 exchange replacement property.
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 | 3,132 | 2,187.451 |
| Lot Size | 7,432 | 5,841.385 |
| Price | $1.25M | $841.5K |
| Price per sq ft | $399 | $385 |
| Built year | 1911 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 85 |
Sep 4, 2026
$1,250,000
Initial Listing
Sep 3, 2025
$1,085,000
Public Record
Jul 27, 2021
$990,000
Public Record
Apr 30, 2019
$475,000
Public Record