
Los Angeles, California 90027
This 1920s Spanish Colonial Revival fourplex presents a High-Potential Investment Opportunity with a List Price of $1,150,000—positioned well below the $929,095 Fair Market Value by -23%. While the property carries a Condition Rating of 5, requiring significant capital expenditure for system upgrades, its prime location near Ivanhoe Elementary and Thomas Starr King Middle School ensures long-term rental demand. Featuring panoramic city views and a versatile unit mix, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in a supply-constrained market.
Property is extensive renovation needed.
Built in 1921 with no documented recent renovations to major systems. Exterior photos show significant deferred maintenance, including peeling paint, moisture staining, and extensive stucco patching. While currently occupied, the property's age and visible condition suggest it requires a comprehensive rehab of kitchens, baths, and likely outdated electrical/plumbing systems to meet modern standards.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in the highly coveted Franklin Hills area bordering Silver Lake, the property offers exceptional walkability to Sunset Junction and Los Feliz Village, ensuring consistent tenant demand and high rental growth potential.
The diverse unit mix, including a 2-bedroom unit and a studio, provides a rare opportunity for owner-occupancy with significant mortgage-offsetting income or a turnkey investment with a reported 5% cap rate.
Built in 1921, the property likely requires ongoing maintenance and potential capital expenditures for aging systems, such as plumbing and electrical, typical of historic structures.
With only two garages available for a four-unit building, the lack of one-to-one off-street parking may be a competitive disadvantage for attracting certain tenants in a high-density neighborhood.
Los Feliz bordering Silver Lake Fourplex - rare opportunity in Franklin Hills to own a 1920s Spanish Colonial Revival 4 unit property in one of Los Angeles’ most sought-after and supply-constrained rental markets. Positioned on a prominent corner lot along a quiet residential street with phenomenal views this living environment continues to drive strong tenant appeal and an Excellent opportunity for owner occupancy by living in one unit while utilizing the additional rental income to help offset mortgage payment in the highly coveted Los Feliz and Silver Lake submarkets. Feautures a 2-bedroom / 1-bath unit, Two 1-bedroom /1-bath unit and one studio unit, creating an attractive unit mix above a 5% cap rate for investors and potential owner-users alike. Features 2 garages, on-site laundry for supplemental income potential. Four tiered units Ideally situated just moments from Los Feliz Village, Sunset Junction, Hyperion corridor, Griffith Park, and some of LA’s most beloved cafes, restaurants, nightlife, and boutique retail destinations, the property continues to benefit from the area’s strong rental demand driven by lifestyle, walkability, and central connectivity. Convenient access to the 2, 5, and 101 freeways further enhances long-term desirability for both tenants and future ownership. Whether you are seeking a generational investment asset, expanding a multifamily portfolio, or securing a trophy character property in a premier Los Angeles neighborhood, 3901 De Longpre Ave presents a compelling opportunity to invest in one of the city’s most enduring and highly coveted rental corridors.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-2 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,574 | 2,687 | 17% |
| Lot Size | 4,351 | 6,625 | 17% |
| Price | $1.15M | $1.18M | 50% |
| Price per sq ft | $447 | $447 | 67% |
| Built year | 1921 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 194 | 17% |
May 29, 2026
$1,150,000
Initial Listing