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 | $999,000* List Price | 0 | 0 | 1,536 | $582 | - |
A 444 E 31st Street Sold | $890,000 | 0 | 0 | 1,630 | $546 | 0.7 mi |
B 4457 Mettler Street Pending | $850,000 List Price | 0 | 0 | 1,437 | $592 | 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.
Great Value-Add Opportunity in the Heart of 90011! This four-unit property presents an excellent opportunity for investors or owner-users looking to add value and maximize income potential. The property offers 3 vacancies, fully renovated 3 units, making it ideal for immediate rental upside or renovation strategies. Recent improvements over the last few months and years include interior paint, updated flooring, newer windows, new roof, new electrical lines, electrical boxes, new kitchens, water heaters, and copper water plumbing lines throughout. These updates provide a strong foundation for a great investment. Located in a high-demand rental area just blocks from Downtown Los Angeles. Units are conveniently close to Los Angeles Memorial Coliseum and University of Southern California, with easy access to employment, entertainment, and transportation hubs. This investment also features a large front parking area, offering excellent convenience for tenants and the potential to attract higher rental income. With limited four-unit properties on the market that offer this level of vacancy and upside potential, opportunities like this do not last long! Must see to appreciate this rare opportunity for investors to reposition and maximize returns.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,536 | 1,974 | 21% |
| Lot Size | 7,313 | 5,326 | 88% |
| Price | $999.0K | $750.0K | 82% |
| Price per sq ft | $650 | $387 | 91% |
| Built year | 1923 | 1912 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 209 | 6% |
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