4326 Hammel St, Los Angeles, California 90022, Los Angeles, 90022 - 8 bed, 4 bath
ACTIVE$1,080,000$3,157/sqft
4326 Hammel St, Los Angeles, California 90022
8Beds
4Baths
3,157Sqft
14,665Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Redevelopment & Density Potential: A substantial 14,665 sqft lot with SB9 eligibility and previously approved ADU potential offers significant long-term redevelopment and value-add opportunities for increased density.
Top Cons:
As-Is Sale & Condition: The property is sold 'as-is,' indicating the buyer will be responsible for any necessary repairs, renovations, or deferred maintenance, which could be substantial.
Compared to the nearby listings
Price:$1.08M vs avg $834.5K (+$245,500)83%
Size:3,157 sqft vs avg 1,994 sqft83%
Price/sqft:$342 vs avg $41122%
More Insights
Built in 1921 (105 years old).
Condition: Built in 1921 and sold 'as-is' with a preference for cash buyers, this property is in extremely poor condition. The interior images reveal severely damaged and dirty flooring, peeling paint, outdated and non-functional kitchens (old laminate countertops, basic cabinets, no visible appliances), and very old light fixtures. There's no evidence of significant renovations in decades. The property requires substantial repairs and rehabilitation, making it unsafe or very uncomfortable to live in its current state, aligning with the 'poor' classification.
Year Built
1921
Close
-
List price
$1.08M
Original List price
$1.08M
Price/Sqft
$342
HOA
-
Days on market
-
Sold On
-
MLS number
WS26002535
Home ConditionPoor
Features
Good View: City Lights, Canyon, Hills, Mountain(s)
ViewCity Lights,Canyon,Hills,Mountain(s)
About this home
TOP INVESTMENT OPPORTUNITY — Rare value-add multifamily in East Los Angeles situated on a huge 14,665 sqft lot with SB9-eligible zoning, offering exceptional long-term redevelopment and land value potential. Previously approved for an approximately 2,400 sqft ADU, and with current SB9 regulations, the property presents even greater upside for future density. 3 of 4 units are vacant, with 1 unit negotiable, providing immediate repositioning and cash flow opportunity. Perfectly timed ahead of the FIFA World Cup 2026, Super Bowl LXI, and the 2028 Los Angeles Olympics, creating strong short-term rental/Airbnb income potential during high-demand events (buyer to verify regulations). Property sold as-is. Cash or hard-money buyers preferred. Buyer to verify all information including zoning, SB9 eligibility, ADU potential, permits, lot size, unit count, and development possibilities.
P
Peilin Yang
Listing Agent
Price History
Date
Event
Price
04/29/20
Sold
$770,000
09/17/15
Sold
$573,000
Condition Rating
Poor
Built in 1921 and sold 'as-is' with a preference for cash buyers, this property is in extremely poor condition. The interior images reveal severely damaged and dirty flooring, peeling paint, outdated and non-functional kitchens (old laminate countertops, basic cabinets, no visible appliances), and very old light fixtures. There's no evidence of significant renovations in decades. The property requires substantial repairs and rehabilitation, making it unsafe or very uncomfortable to live in its current state, aligning with the 'poor' classification.
Pros & Cons
Pros
Redevelopment & Density Potential: A substantial 14,665 sqft lot with SB9 eligibility and previously approved ADU potential offers significant long-term redevelopment and value-add opportunities for increased density.
Immediate Income Repositioning: With 3 of 4 units vacant (and the fourth negotiable), the property allows for immediate renovation, re-tenanting, and optimization of cash flow.
Event-Driven Short-Term Rental Upside: Strategically timed ahead of major Los Angeles events (FIFA World Cup 2026, Super Bowl LXI, 2028 Olympics), creating strong potential for high-yield short-term rental income.
Multifamily Investment: As a quadruplex, the property provides diversified income streams and inherent value as a residential income asset.
Scenic Views: The property boasts desirable City Lights, Canyon, Hills, and Mountain views, enhancing its market appeal and potential rental value.
Cons
As-Is Sale & Condition: The property is sold 'as-is,' indicating the buyer will be responsible for any necessary repairs, renovations, or deferred maintenance, which could be substantial.
Restricted Buyer Pool: The preference for 'cash or hard-money buyers' suggests potential challenges with traditional financing, limiting the pool of prospective buyers.
Extensive Buyer Due Diligence: Buyers are explicitly required to verify all critical information (zoning, SB9, ADU potential, permits, etc.), placing a significant burden and indicating potential complexities or uncertainties.