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3877 Denker Avenue, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

3877 Denker Avenue, Los Angeles, California 90062 home-pic-0
ACTIVE UNDER CONTRACT$1,000,000
3877 Denker Avenue, Los Angeles, California 90062
0Bed
0Bath
3,770Sqft
5,466Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Robust Income Generation: A 4-unit quadruplex delivering strong and consistent monthly rental income of $8,400, supported by separate utility meters for each unit.
Top Cons:
Prior Transaction Failure: The property's return to market after a buyer's inability to perform at auction may signal underlying issues or create buyer apprehension.

Compared to the nearby listings

Price:$1.00M vs avg $927.5K (+$72,500)56%
Size:3,770 sqft vs avg 2,313 sqft94%
Price/sqft:$265 vs avg $38911%

More Insights

Built in 1912 (113 years old).
Condition: Built in 1912, this property shows its age through outdated features, particularly in the kitchen with dated wood cabinets, older countertops, basic appliances, and tile flooring. The presence of window AC units suggests a lack of central cooling/heating. While the property appears maintained and livable, its core systems and aesthetic features are significantly outdated, requiring substantial renovation to meet modern standards.
Year Built
1912
Close
-
List price
$1M
Original List price
$800K
Price/Sqft
$265
HOA
-
Days on market
-
Sold On
-
MLS number
SR25169386
Home ConditionFair
Features
View-

About this home

BACK ON THE MARKET FROM AUCTION — BUYER COULDN’T PERFORM ($1,000,000) LAST BID PRICE A rare 4-unit income-producing property delivered with strong financials ($8,400 per month) and incredible long-term upside. Located in the heart of Los Angeles, this 3,770 sq ft multi-family asset features 9 bedrooms and 6 bathrooms across four well-maintained units, each with separate gas and electric meters. The property sits on a 5,466 sq ft lot and offers on-site parking and stable tenancy. This investment boasts a healthy NOI, low operating expenses, and consistent rental income — making it ideal for seasoned investors and first-time multifamily buyers looking to grow their portfolio. With a mix of classic charm and solid structure, this 1912-built property continues to outperform its peers in the area. Contact listing agent for more information

Price History

Date
Event
Price
07/11/00
Sold
$125,000
10/01/13
Sold
$400,000
01/10/06
Sold
$2,000
12/03/01
Sold
$158,000
Condition Rating
Fair
Built in 1912, this property shows its age through outdated features, particularly in the kitchen with dated wood cabinets, older countertops, basic appliances, and tile flooring. The presence of window AC units suggests a lack of central cooling/heating. While the property appears maintained and livable, its core systems and aesthetic features are significantly outdated, requiring substantial renovation to meet modern standards.
Pros & Cons

Pros

Robust Income Generation: A 4-unit quadruplex delivering strong and consistent monthly rental income of $8,400, supported by separate utility meters for each unit.
Strategic Los Angeles Location: Centrally located in the heart of Los Angeles, offering high tenant demand and significant long-term appreciation potential.
Attractive Investment Metrics: Features a healthy Net Operating Income (NOI), low operating expenses, and stable tenancy, making it highly appealing to a wide range of investors.
Valuable On-Site Amenities: Includes on-site parking, a desirable feature for tenants in an urban environment, contributing to tenant satisfaction and retention.
Enduring Character & Structure: A 1912-built property noted for its classic charm and solid construction, reportedly outperforming comparable assets in the area.

Cons

Prior Transaction Failure: The property's return to market after a buyer's inability to perform at auction may signal underlying issues or create buyer apprehension.
Age-Related Maintenance: As a 1912-built property, it may necessitate increased capital expenditures for ongoing maintenance, system upgrades, or unexpected repairs compared to newer constructions.
Recent Price Adjustment: The significant price increase from $800,000 to $1,000,000, particularly after a failed auction at the higher price, could be a point of negotiation or perceived as an aggressive valuation.

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