4326 Hammel, East Los Angeles, California 90022, East Los Angeles, 90022 - bed, bath
ACTIVE$1,050,000
4326 Hammel, East Los Angeles, California 90022
0Bed
0Bath
3,157Sqft
14,665Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity & Vacancy: A prime residential income property (quadruplex) with all four units delivered vacant at close of escrow, offering immediate income potential or owner-occupancy flexibility.
Top Cons:
Property Age & Infrastructure: Built in 1921, the property likely has aging infrastructure and systems that may require significant updates or repairs, increasing capital expenditure.
Compared to the nearby listings
Price:$1.05M vs avg $820.0K (+$230,000)76%
Size:3,157 sqft vs avg 1,994 sqft82%
Price/sqft:$333 vs avg $40124%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, this property's listing explicitly states 'aging infrastructure and systems that may require significant updates or repairs' and 'substantial renovation and modernization efforts are likely needed.' The complete absence of interior images, especially for a vacant quadruplex, strongly indicates that the kitchens, bathrooms, and other living areas are in very poor, outdated, and unpresentable condition, requiring extensive rehabilitation to be habitable or marketable.
Year Built
1921
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
AR25266024
Home ConditionPoor
Features
Good View:
Deck
View-
About this home
Prime Investment Opportunity with a spacious 14,665 sq. ft lot, this property offers excellent potential with four (4) units delivered vacant at close of escrow! Potential to add additional units, live in one unit and rent out the remaining three, or all of the above. Excellent location with only short distance from USC Keck, Cal State LA, ELAC, new 6th street bridge, City Terrace, Arts District, Boyle Heights, Chinatown, Monterey Park, and Downtown LA. Surrounded by amenities such as but not limited to: Union Station, Crypto.com Arena, Monterey Park Golf Club, Montebello Country Club, Dodger Stadium, University of Southern California and more. Centrally located near major freeways, including I-710, I-5, I-101, I-10, and CA-60
Price History
Date
Event
Price
04/29/20
Sold
$770,000
09/17/15
Sold
$573,000
Condition Rating
Poor
Built in 1921, this property's listing explicitly states 'aging infrastructure and systems that may require significant updates or repairs' and 'substantial renovation and modernization efforts are likely needed.' The complete absence of interior images, especially for a vacant quadruplex, strongly indicates that the kitchens, bathrooms, and other living areas are in very poor, outdated, and unpresentable condition, requiring extensive rehabilitation to be habitable or marketable.
Pros & Cons
Pros
Investment Opportunity & Vacancy: A prime residential income property (quadruplex) with all four units delivered vacant at close of escrow, offering immediate income potential or owner-occupancy flexibility.
Development Potential: Features a spacious 14,665 sq. ft. lot with explicit potential to add additional units, providing significant future value-add opportunities.
Strategic & Central Location: Centrally located near major universities (USC Keck, Cal State LA, ELAC), downtown LA, cultural districts, and key freeways, ensuring high rental demand and accessibility.
Multi-Unit Income Stream: As a quadruplex, the property offers diversified rental income streams, mitigating risk and enhancing overall cash flow potential.
Proximity to Amenities: Surrounded by a wealth of amenities including entertainment venues (Crypto.com Arena, Dodger Stadium), golf clubs, and public transportation hubs like Union Station.
Cons
Property Age & Infrastructure: Built in 1921, the property likely has aging infrastructure and systems that may require significant updates or repairs, increasing capital expenditure.
Renovation Requirements: Given its age and investment focus, substantial renovation and modernization efforts are likely needed for the existing units and any new additions to maximize rental value and appeal.
Unspecified Current Condition: The property description emphasizes potential rather than current condition, suggesting that the existing units may not be turn-key and could require immediate investment.