4205 Mercury Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 6 bed, 6 bath
4205 Mercury Avenue
Los Angeles, California 90032
Property Price
SUMMARY
Analysis of 4205 Mercury Avenue, Los Angeles, California 90032 reveals a Fairly Priced Property with a current list price of $1,395,000 aligned with the estimated $1,395,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4205 Mercury Avenue Subject | $1,395,000* List Price | 6 | 6 | 2,940 | $474 | - |
A 3726 Hawley Avenue Pending | $1,450,000 List Price | 4 | 3 | 2,432 | $596 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property features a brand new construction (built 2024) for the front house and a back house that was 100% remodeled in 2024, including new kitchen, bathrooms, plumbing, electrical, roof, windows, and central air/heat. The images confirm modern, high-quality finishes throughout, including new hardwood flooring, recessed lighting, stylish bathrooms with new vanities and patterned tiles, and a new kitchen with white shaker cabinets and dark countertops. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Income-Generating Asset
The property features two detached homes and a JADU, each with separate addresses and utilities, generating a substantial combined rental income of $9,140 per month, explicitly noted for loan qualification.
- New Construction & Extensive Renovation
The front house is brand new construction (2024), and the back house was 100% remodeled in 2024 with new kitchen, plumbing, electrical, roof, windows, and central air/heat, ensuring modern amenities and minimal immediate maintenance.
- Guaranteed Rental Income
All tenants are Section 8, providing reliable and on-time rent payments, which offers a stable and secure income stream for investors.
CONSRISKS & DEFICIENCIES
- Delayed Owner Occupancy
Current tenant leases extend into mid-2025, meaning an owner-occupant buyer cannot move into the larger units immediately upon purchase.
- Section 8 Tenant Management
While income is guaranteed, managing Section 8 tenancies can involve specific administrative requirements, inspections, and regulations that may not appeal to all landlords or investors.
- High Density on Lot
With three separate units (two homes and a JADU) on a 4,424 sqft lot, individual private outdoor space for each unit may be limited, potentially impacting lifestyle for some residents.
About 4205 Mercury Avenue
"Brand New Construction" in Montecito Heights. 2 detached homes and JADU on one lot. Separate addresses and utilities. Front house, 4205 Mercury Ave., 1650 +/- sq feet. Brand new construction. Featuring 3bd 2.5 ba. Open floor-plan. Entertainers delight. Gourmet kitchen with island sitting. Bar counters with glass cabinets. From living room, access to the outdoor deck. Multiple view decks for outdoor entertainment. Rented for 4,090.00. 4205 1/2 Mercury Ave., was the existing back house. View galore. about 1000 Square feet. Featuring, 2 storey, 2bd 2.5ba, Totally 100% remodeled in 2024. Brand new kitchen, plumbing, bathrooms, electrical, roof, windows, water heater, doors, flooring, central air/heat, electric panel and much, much more. Private outdoor patio with panoramic views. Rented for $3,075.00. 4205 1/4 is studio. about 300 +/- square feet. Rented 1,975.00. The property is located in the Montecito Heights area. It's LA's up and coming neighborhood. California living at its finest. Close to Fwy, DTLA & Pasadena. ALL tenants are Section 8 tenant. Rents are on time and guaranteed. FOR THE OWNER OCCUPANCY buyers, the 4205 lease terminates on 4/8/2025 and 4205 1/2 lease terminates on 5/8/2025. The rents are at PREMIUM and ACTUAL. You can also use the supplemental rent income for loan qualification.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 4,424 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 6.0 | 2.0 | 98% |
| Square foot | 2,940 | 1,236 | 99% |
| Lot Size | 4,424 | 5,324 | 17% |
| Price | $1.40M | $858.0K | 94% |
| Price per sq ft | $474 | $667 | 17% |
| Built year | 2024 | 1941 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 498 | 180 | 99% |
Pricing History
Listed for Sale
Sep 27, 2025
$1,395,000
Initial Listing
Price Change
Oct 24, 2024
$1,595,000
Initial Listing
Sold
Nov 27, 2018
$325,000
Public Record