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4326 Hammel St, Los Angeles, California 90022, Los Angeles, 90022 - 8 bed, 4 bath

4326 Hammel St, Los Angeles, California 90022 home-pic-0
ACTIVE$1,180,000$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:
100% Vacant Delivery: The property will be delivered completely vacant, offering immediate flexibility for renovation, repositioning, or owner-occupancy without tenant relocation complexities.
Top Cons:
As-Is Sale Condition: The property is sold in 'as-is' condition, indicating a need for substantial capital investment for necessary renovations, repairs, and modernization.

Compared to the nearby listings

Price:$1.18M vs avg $834.5K (+$345,500)94%
Size:3,157 sqft vs avg 1,994 sqft83%
Price/sqft:$374 vs avg $41133%

More Insights

Built in 1921 (105 years old).
Condition: Built in 1921 and sold 'as-is,' this property requires substantial repairs and rehabilitation. The interior images reveal extremely outdated and damaged conditions, including a kitchen with old laminate countertops, a basic sink, and missing cabinets, indicating a complete gut renovation is needed. Floors are worn and dirty, walls show significant damage and peeling paint, and light fixtures are very old. The description explicitly states a need for 'substantial capital investment for necessary renovations, repairs, and modernization,' aligning with the 'poor' condition criteria.
Year Built
1921
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$374
HOA
-
Days on market
-
Sold On
-
MLS number
WS26012640
Home ConditionPoor
Features
Good View: City Lights, Canyon, Hills, Mountain(s)
Deck
ViewCity Lights,Canyon,Hills,Mountain(s)

About this home

TOP INVESTMENT OPPORTUNITY — Rare value-add multifamily in East Los Angeles consisting of 4 units, 8 bedrooms and 4 bathrooms, totaling 3,157 sq ft. Property to be delivered 100% VACANT! Providing immediate flexibility for renovation, repositioning, or long-term hold strategy. Situated on a huge 14,665 sq ft lot with SB9-eligible zoning, the property offers exceptional redevelopment and land value potential. Per local planning information, it may allow up to 4 ADUs, 2 stories, up to 25 ft in height, and approximately 4,800 sq ft of total ADU potential (buyer to verify). Perfectly timed ahead of major events like the 2026 FIFA World Cup, Super Bowl LXI, and 2028 LA Olympics, offering strong short-term/Airbnb income potential during high-demand periods. Property sold as-is. Cash or hard-money buyers preferred. Buyer to verify all information including zoning, SB9 eligibility, ADU potential, unit count, square footage, permits, development possibilities, and compliance with short-term rental rules.

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,' this property requires substantial repairs and rehabilitation. The interior images reveal extremely outdated and damaged conditions, including a kitchen with old laminate countertops, a basic sink, and missing cabinets, indicating a complete gut renovation is needed. Floors are worn and dirty, walls show significant damage and peeling paint, and light fixtures are very old. The description explicitly states a need for 'substantial capital investment for necessary renovations, repairs, and modernization,' aligning with the 'poor' condition criteria.
Pros & Cons

Pros

100% Vacant Delivery: The property will be delivered completely vacant, offering immediate flexibility for renovation, repositioning, or owner-occupancy without tenant relocation complexities.
Exceptional Redevelopment Potential: Situated on a large 14,665 sq ft lot with SB9-eligible zoning, allowing for significant future development, including potential for up to 4 ADUs.
Multifamily Income Property: As an existing quadruplex, it provides a strong foundation for multiple income streams upon renovation and repositioning.
Strategic Short-Term Rental Potential: Perfectly timed ahead of major LA events (FIFA World Cup, Super Bowl, Olympics), offering strong short-term/Airbnb income potential during high-demand periods.
Significant Value-Add Opportunity: Presents a prime opportunity for investors to increase equity and cash flow through strategic renovation and repositioning in a desirable market.

Cons

As-Is Sale Condition: The property is sold in 'as-is' condition, indicating a need for substantial capital investment for necessary renovations, repairs, and modernization.
Limited Financing Options: Preference for cash or hard-money buyers suggests potential difficulties with traditional financing due to the property's current condition or investment nature.
Age of Property: Built in 1921, the property likely features outdated systems and deferred maintenance, necessitating comprehensive upgrades to meet modern standards.
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