4326 Hammel Street, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath
ACTIVE$925,000
4326 Hammel Street, Los Angeles, California 90022
0Bed
0Bath
3,157Sqft
14,665Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Development Potential: The spacious 14,665 sq. ft lot offers excellent potential for new multi-family residential development or adding additional ADUs in a high-demand area.
Top Cons:
Age of Property: Built in 1921, the property is over a century old, suggesting potential for outdated infrastructure, systems, and higher maintenance or renovation costs.
Compared to the nearby listings
Price:$925.0K vs avg $820.0K (+$105,000)76%
Size:3,157 sqft vs avg 1,994 sqft82%
Price/sqft:$293 vs avg $4016%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, this property is over a century old. The exterior images reveal significant neglect, clutter, and visible wear on the structures. The listing description and AI-generated analysis explicitly highlight 'outdated infrastructure, systems, and higher maintenance or renovation costs' and the need for 'Significant Capital Investment.' There are no interior photos to suggest any recent renovations or updates to the kitchen, bathrooms, or other systems. The overall condition indicates the property requires substantial repairs and rehabilitation to be brought to modern living standards, aligning with a 'Poor' condition score.
Year Built
1921
Close
-
List price
$925K
Original List price
$950K
Price/Sqft
$293
HOA
-
Days on market
-
Sold On
-
MLS number
AR25037946
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Prime Investment Opportunity with a spacious 14,665 sq. ft lot, this property offers excellent potential for a new multi-family residential development in a high-demand area or use residential financing and add additional ADU's. Significant Rental Upside with one (1) 2 bedroom + 1 bathroom unit delivered vacant, which features views of downtown LA skyline. 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 is over a century old. The exterior images reveal significant neglect, clutter, and visible wear on the structures. The listing description and AI-generated analysis explicitly highlight 'outdated infrastructure, systems, and higher maintenance or renovation costs' and the need for 'Significant Capital Investment.' There are no interior photos to suggest any recent renovations or updates to the kitchen, bathrooms, or other systems. The overall condition indicates the property requires substantial repairs and rehabilitation to be brought to modern living standards, aligning with a 'Poor' condition score.
Pros & Cons
Pros
Development Potential: The spacious 14,665 sq. ft lot offers excellent potential for new multi-family residential development or adding additional ADUs in a high-demand area.
Strategic Location & Accessibility: Centrally located near major freeways (I-710, I-5, I-101, I-10, CA-60) and a short distance from key institutions like USC Keck, Cal State LA, and Downtown LA.
Rental Income Upside: Designated as a Residential Income property with one 2-bedroom + 1-bathroom unit delivered vacant, allowing for immediate market-rate rental or owner-occupancy.
Downtown LA Views: The vacant unit features desirable views of the downtown Los Angeles skyline, enhancing its appeal to potential tenants or owners.
Large Lot Size: A substantial 14,665 sq. ft lot provides ample space for expansion, development, or creating significant outdoor amenities, a rarity in urban Los Angeles.
Cons
Age of Property: Built in 1921, the property is over a century old, suggesting potential for outdated infrastructure, systems, and higher maintenance or renovation costs.
Significant Capital Investment Required: Realizing the full development or rental upside potential will necessitate substantial capital investment for renovations, new construction, or ADU additions.
Potential Tenant Relocation Challenges: As a quadruplex with only one unit vacant, potential redevelopment or extensive renovation plans may be complicated by existing tenants in other units.