
Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned well above the $1,655,122 Fair Market Value. While the property requires significant capital improvements due to its Condition Rating of 5, the Mixed-Use Configuration and vacant unit availability provide immediate value-add potential. The site features a private courtyard and parking for six vehicles, offering flexibility for commercial or residential use. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to reposition a high-visibility asset in the Koreatown corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4315 W Pico Boulevard Subject | $1,800,000* List Price | 0 | 0 | 4,938 | $335 | - |
A 1720 7th Active | $1,400,000 List Price | 0 | 0 | 4,829 | $290 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 (75+ years old) with no evidence of recent renovations. Interior photos reveal significant neglect including missing/damaged flooring, exposed water heater, and a bathroom in need of a full rehab. The property requires substantial structural and cosmetic updates to be market-ready.
With three of the five units currently vacant, investors have the immediate opportunity to lease at current market rates and maximize cash flow without tenant relocation hurdles.
Situated on the busy Pico Boulevard corridor near Koreatown, the property benefits from significant traffic counts and excellent exposure for the ground-floor commercial component.
The layout of two separate buildings featuring residential and commercial spaces, plus parking for six vehicles, offers diverse income streams and flexibility for owner-users or developers.
Built in 1949, the property may require substantial capital improvements or updates to major systems to maintain competitiveness and meet modern building standards.
The owner remains responsible for water expenses across all units, which can lead to unpredictable operating costs and impact the overall net operating income.
Exceptional mixed-use investment opportunity near Koreatown, prominently located along the busy Pico Boulevard corridor near Crenshaw Boulevard. The property features two separate two-story buildings with a total of five income-producing spaces, including four residential units and one ground-floor commercial space fronting Pico Boulevard. Three units are currently vacant, offering immediate leasing opportunities at market rents, while two residential units are occupied by long-term, month-to-month tenants. The offering also includes the adjoining commercial address at 4317 W Pico Boulevard, creating a versatile mixed-use setup with residential, retail, office, or service-oriented potential. The commercial space was previously used as a flower shop and, before that, by a plumbing business, giving future occupants and buyers a sense of the property’s prior commercial utility and flexibility. Additional highlights include parking for approximately six vehicles, with two tandem spaces in front and approximately four to five side-by-side spaces toward the rear, plus a private courtyard between the buildings. Tenants pay their own electricity and gas, while the owner pays water, helping to keep operating expenses manageable. Conveniently located near restaurants, shops, businesses, public transportation, and major employment centers, this property presents an excellent opportunity for investors, owner-users, or developers seeking income potential and flexibility in a high-visibility Los Angeles location. Buyer to independently verify unit configuration, addresses, permitted uses, zoning, parking, utilities, expenses, and development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 4,938 | 4,065.4 |
| Lot Size | 6,642 | 6,744.9 |
| Price | $1.80M | $1.13M |
| Price per sq ft | $365 | $262 |
| Built year | 1949 | 1939 |
| HOA | $0 | $907 |
| Days on market | 16 | 110 |
Aug 24, 2026
$1,800,000
Initial Listing
Aug 30, 2012
$775,000
Public Record