
Los Angeles, California 90008
Analysis of 4171 Garthwaite Avenue, Los Angeles, California 90008 is currently available with a list price of $1,399,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1930, the property is well-maintained with significant updates including dual-pane vinyl windows and separate utility meters. Two of the four units were renovated within the last six years, meeting 'Excellent' criteria for those specific units, while the remaining units are functional and move-in ready, averaging the property to a 'Good' standing.
The separate dining rooms in all four units offer the potential to be converted into third bedrooms, providing a clear path to significantly increase rental income and overall property value.
Situated on a premier tree-lined street in Leimert Park, this Spanish architectural gem features timeless character and lush greenery, ensuring high tenant demand and long-term desirability.
The property is equipped with separate gas and electrical meters for each unit, in-unit laundry, and private garages, which reduces owner utility expenses and enhances tenant convenience.
With two units occupied by long-term tenants, the immediate cash flow is likely restricted by below-market rents, requiring a long-term strategy to realize the full income potential under local rent regulations.
The surrounding public schools have consistently low ratings (mostly 2/10), which may deter families and impact the property's appeal to a broader demographic of long-term renters.
A Spanish architectural gem, set mid-block on one of Leimert Park's premier tree-lined streets amid lush, mature greenery. All 4 spacious units feature two bedrooms, one bath, large living rooms, hardwood flooring, in-unit laundry, and separate dining rooms that have potential to be converted third bedrooms. Two units have been renovated and leased at market rate within the past six years, while the remaining two are well maintained with stable long-term tenants. The property features dual-pane vinyl windows throughout, separate gas and electrical meters for each unit, and four private single-car garages accessed from the rear alley. This property combines timeless Spanish character with exceptional Leimert Park location, generous floor plans, and solid gross income.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,128 | 2,187.451 |
| Lot Size | 5,253 | 5,841.385 |
| Price | $1.40M | $841.5K |
| Price per sq ft | $273 | $385 |
| Built year | 1930 | 1928 |
| HOA | $0 | $0 |
| Days on market | 20 | 85 |
Aug 20, 2026
$1,399,000
Initial Listing
May 1, 2019
$1,125,000
Public Record
May 19, 2004
$10,000
Public Record