4230 Wall Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$980,000$3,512/sqft
4230 Wall Street, Los Angeles, California 90011
0Bed
0Bath
3,512Sqft
3,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Generation: The property currently generates nearly $5,000 in monthly rent from four units, providing a substantial and diversified income stream for investors.
Top Cons:
Advanced Age of Property: Built in 1912, the property is over a century old, which may imply outdated infrastructure, systems (plumbing, electrical), and a higher potential for deferred maintenance or significant capital expenditures in the future.
Compared to the nearby listings
Price:$980.0K vs avg $674.0K (+$306,000)83%
Size:3,512 sqft vs avg 2,076 sqft90%
Price/sqft:$279 vs avg $33820%
More Insights
Built in 1912 (114 years old).
Condition: Built in 1912, this property is over a century old. While it is an income-generating quadruplex with reliable tenants, suggesting it is functional and maintained, there is no indication of recent major renovations to update its systems, kitchen, or bathrooms. The property analysis explicitly notes 'outdated infrastructure, systems (plumbing, electrical)' and potential for 'deferred maintenance.' The exterior image shows an aged building, consistent with its build year, but not in severe disrepair. This aligns with a 'Fair' condition, indicating it's aged but maintained, with functional but outdated major components.
Year Built
1912
Close
-
List price
$980K
Original List price
$980K
Price/Sqft
$279
HOA
-
Days on market
-
Sold On
-
MLS number
OC24226341
Home ConditionFair
Features
View-
About this home
This is an outstanding investment opportunity with four units generating nearly $5,000 in monthly rent. Ideal for both new and experienced investors seeking to diversify their portfolios, this fenced-in quadruplex features four 2-bedroom, 1-bath units, each approximately 875 square feet. The property offers a total interior space of 3,512 square feet on a low-maintenance 3,500 square foot lot, making upkeep simple and efficient. With reliable long-term tenants and a prime location near the Staples Center, LA Live, Downtown LA, and convenient access to the I-110 and I-10 freeways, this property promises strong investment potential.
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Listing Agent
Nearby schools
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.3mi
3/10
Trinity Street Elementary School
Public,•K-5•0.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
/10
Maple Primary Center
Public,•K-1•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.8mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.0mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.6mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.8mi
2/10
John W. Mack Elementary School
Public,•K-5•1.9mi
4/10
Norwood Street Elementary School
Public,•K-5•2.0mi
3/10
George Washington Carver Middle School
Public,•6-8•0.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
4/10
John Adams Middle School
Public,•6-8•1.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
5/10
Santee Education Complex
Public,•9-12•1.6mi
4/10
West Adams Preparatory High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
11/16/17
Sold
$620,000
03/14/14
Sold
$460,000
05/11/09
Sold
$286,000
10/29/04
Sold
$450,000
Condition Rating
Fair
Built in 1912, this property is over a century old. While it is an income-generating quadruplex with reliable tenants, suggesting it is functional and maintained, there is no indication of recent major renovations to update its systems, kitchen, or bathrooms. The property analysis explicitly notes 'outdated infrastructure, systems (plumbing, electrical)' and potential for 'deferred maintenance.' The exterior image shows an aged building, consistent with its build year, but not in severe disrepair. This aligns with a 'Fair' condition, indicating it's aged but maintained, with functional but outdated major components.
Pros & Cons
Pros
Strong Income Generation: The property currently generates nearly $5,000 in monthly rent from four units, providing a substantial and diversified income stream for investors.
Prime Urban Location: Its location near major attractions like the Staples Center, LA Live, Downtown LA, and convenient freeway access (I-110, I-10) enhances tenant demand and long-term property value.
Quadruplex Investment Type: As a four-unit property, it offers multiple income streams, which can reduce investment risk compared to single-family rentals and is attractive for portfolio diversification.
Established Tenancy: The presence of reliable long-term tenants suggests stable occupancy and consistent cash flow, minimizing vacancy risk for the new owner.
Low-Maintenance Lot: The compact 3,500 square foot lot is described as low-maintenance, simplifying property management and reducing ongoing upkeep efforts for an investor.
Cons
Advanced Age of Property: Built in 1912, the property is over a century old, which may imply outdated infrastructure, systems (plumbing, electrical), and a higher potential for deferred maintenance or significant capital expenditures in the future.
Limited Outdoor Space: With a lot size (3,500 sqft) almost identical to the total interior space (3,512 sqft), there appears to be minimal or no private outdoor areas for tenants, which could be a drawback in an urban environment.
Lack of Parking Information: The property description does not mention any dedicated parking, which can be a significant challenge and a major tenant concern in a dense urban area like Los Angeles.