4317 Multnomah Street, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
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Los Angeles, California 90032
This Value-Add Residential Asset is listed at $775,000, representing a stable entry point aligned with its $773,315 Fair Market Value. Currently holding a Fair Condition Rating, the home retains original character like hardwood floors but requires modernization to unlock its full potential. The standout feature is the expansive 6,839 Sq Ft Lot with mature fruit trees and a Hills View, offering rare space for expansion or ADU potential. Located near the USC Science and Medicine campus, it promises high rental demand. This property is best suited for Fix-and-Flip Investors or Owner-Occupants seeking a project with forced appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4317 Multnomah Street Subject | $775,000* List Price | 2 | 1 | 954 | $790 | - |
A 4364 Hatfield Sold | $766,000 | 2 | 1 | 1,006 | $761 | 0.2 mi |
B 2417 Richelieu Avenue Sold | $750,000 | 3 | 1 | 947 | $792 | 0.6 mi |
C 4519 Zane Sold | $700,000 | 2 | 1 | 864 | $810 | 1.0 mi |
D 1823 N Rowan Sold | $867,500 | 3 | 2 | 1,306 | $664 | 0.4 mi |
E 4716 Del Paso Court Sold | $725,000 | 3 | 2 | 1,246 | $582 | 0.6 mi |
F 2477 Richelieu Avenue Active | $800,000 List Price | 3 | 1 | 1,297 | $617 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, this home is aged but appears maintained. While the kitchen has 'updated cabinets,' the appliances, countertops, and flooring are dated. The bathroom is significantly outdated with older tiles and fixtures. The property is functional but requires minor to moderate updates and repairs to meet current quality and style standards, aligning with the 'fair' condition criteria.
The property features an extra-large 6,839 sqft yard with mature avocado and orange trees, offering significant potential for outdoor living and gardening.
Nestled in a great neighborhood, the home is conveniently located near freeways, shops, an elementary school, and is within walking distance to USC’s Science and Medicine campus, and a short drive to Cal State LA.
The home retains much of its original character, including desirable original hardwood floors, appealing to buyers seeking classic aesthetics and historical charm.
The description explicitly states the home needs 'a little TLC' to 'truly shine,' indicating that significant updates or repairs may be necessary for modern living standards.
With only one bathroom for a two-bedroom home, this could be a significant drawback for families or multiple occupants, potentially impacting daily convenience and resale value.
At 954 sqft, the interior living space is relatively small, which might feel restrictive for a 'growing family' as suggested in the description, despite the spacious yard.
This charming home is full of potential, offering endless possibilities! With 2 bedrooms, 1 bathroom, and an extra-large yard, it’s perfect for a growing family. The property features mature avocado and orange trees, along with many other wonderful touches. Inside, you’ll find original hardwood floors, updated kitchen cabinets, and a spacious living and dining area combined. The home retains much of its original character, and with a little TLC, it could truly shine. Nestled in a great neighborhood, it’s conveniently located near freeways, shops, and just a short walk to USC’s Science and Medicine campus. Cal State LA is only a quick drive away, and an elementary school is right around the corner. Plus, down payment assistance is available to help you make this home yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 30% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 954 | 1,248 | 20% |
| Lot Size | 6,839 | 5,435 | 78% |
| Price | $775.0K | $867.5K | 35% |
| Price per sq ft | $812 | $687 | 80% |
| Built year | 1941 | 1940 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 438 | 135 | 0% |
Mar 25, 2025
$775,000
Initial Listing