4014 Mckinley Avenue, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Renovated Quadruplex Asset is listed at $999,000, representing a stabilized entry point relative to its $893,761 Fair Market Value. Boasting a Condition Rating of 2, the property features extensive capital improvements including a new roof, copper plumbing, updated electrical, and modern kitchens. With three units delivered vacant, it provides immediate market-rate income potential near USC and Downtown Los Angeles. This turnkey investment eliminates deferred maintenance while maximizing cash flow in a high-demand rental corridor. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4014 Mckinley Avenue Subject | $985,000* List Price | 0 | 0 | 1,536 | $553 | - |
A 731 E 41st Place Sold | $1,045,000 | 0 | 0 | 2,080 | $502 | 0.2 mi |
B 4065 Wall Sold | $875,000 | 5 | 2 | 1,892 | $462 | 0.7 mi |
C 4457 Mettler Street Pending | $797,777 List Price | 0 | 0 | 1,437 | $555 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1923 build date, the property has undergone an extensive, high-quality renovation within the last few years. The units feature brand-new kitchens with modern shaker cabinetry and stone countertops, updated bathrooms with contemporary tile work, new laminate flooring, and recessed lighting. Major systems have also been replaced, including a new roof, electrical panels, and copper plumbing, meeting the criteria for a fully renovated property with no deferred maintenance.
With three out of four units delivered vacant, this property allows an investor to bypass rent control limitations and immediately secure market-rate tenants, maximizing the capitalization rate from day one.
The property has undergone significant recent upgrades, including a new roof, copper plumbing, updated electrical lines, and remodeled kitchens, drastically reducing the need for immediate maintenance or renovation capital.
Located in a high-demand rental pocket near Downtown Los Angeles, USC, and the LA Memorial Coliseum, the property benefits from a consistent tenant pool driven by proximity to major employment and education hubs.
With a total building size of 1,536 square feet across four units, the average unit size is quite small, which may limit the tenant demographic to single occupants and increase turnover compared to larger units.
Despite the extensive system updates, the 1923 construction date may still present underlying structural or foundation considerations inherent to century-old buildings that require ongoing professional oversight.
PRICE IMPROVEMENT! Exceptional 4-unit investment featuring 3 renovated vacant units ready for immediate occupancy or lease at current market rents. The seller is in the process of updating the Assessor's records to reflect correct 2,100 sq. ft. (approx) of living space. Conveniently located near Downtown Los Angeles, USC, and the Memorial Coliseum, this income property offers strong rental demand, generous on-site parking, and outstanding long-term investment potential. Major capital improvements—including a new roof, windows, water heater, electrical, plumbing, and extensive interior renovations—provide added peace of mind and reduced maintenance expenses.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,536 | 2,250 |
| Lot Size | 7,313 | 5,864 |
| Price | $985.0K | $826.7K |
| Price per sq ft | $641 | $395 |
| Built year | 1923 | 1925 |
| HOA | $0 | $0 |
| Days on market | 130 | 83 |
Jul 12, 2026
$985,000
$999,000
-1% Price Drop
Initial Listing
Mar 14, 2026
$999,000
Initial Listing
May 3, 2004
$320,000
Public Record
Jun 25, 2003
$265,000
Public Record
Aug 21, 2002
$250,000
Public Record