4421 -4423 Floral Drive, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath

4421 -4423 Floral Drive, Los Angeles, California 90022 home-pic-0
ACTIVE$1,299,999
4421 -4423 Floral Drive, Los Angeles, California 90022
0Bed
0Bath
2,977Sqft
7,974Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex: This property is explicitly marketed as an investment opportunity, allowing an owner to live in one unit and rent the others, offering strong cash flow potential and high rental demand in a vibrant community.
Top Cons:
Age of Property (1925): Despite being described as 'well-maintained' and having 'updated kitchens,' the 1925 construction year suggests potential for older infrastructure (e.g., plumbing, electrical, foundation) that may require significant capital expenditures in the future.

Compared to the nearby listings

Price:$1.30M vs avg $820.0K (+$479,999)94%
Size:2,977 sqft vs avg 1,994 sqft82%
Price/sqft:$437 vs avg $40859%

More Insights

Built in 1925 (100 years old).
Condition: The property, built in 1925, is a triplex with varying conditions across its units. While the main unit appears to have more recent cosmetic updates with wood/laminate flooring, recessed lighting, and stainless steel appliances in a traditional-style kitchen, the images of the duplex units reveal significantly dated conditions. One duplex kitchen features older wood cabinets, laminate countertops, and patterned tile flooring, contradicting the 'updated kitchens' claim for these units. Bedrooms in the duplex units show worn carpets, dated paint, and popcorn ceilings. Overall, the property is aged and maintained, but major components and finishes in at least two units are outdated and require substantial cosmetic updates and repairs to meet current standards.
Year Built
1925
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$437
HOA
-
Days on market
-
Sold On
-
MLS number
DW25183465
Home ConditionFair
Features
Good View:
Patio
View-

About this home

Investment opportunity! Live in one unit and rent the rest in this updated triplex near thriving East Los Angeles minutes from Boyle Heights, Mariachi Plaza, Dodger Stadium plus an eclectic assortment of culinary gems for your dining pleasure. "This well-maintained triplex offers the ultimate in city living and convenience, situated just a short walk from Metro Transportation, . The prime location ensures high rental demand and steady income potential. Each unit provides a unique and private living space, appealing to a variety of tenants without rent control. The property is near Colleges, Major Freeways, Shopping, making it an attractive long-term investment. Don't miss this opportunity to acquire a cash-flowing asset in a vibrant and thriving community.". The 7 bedrooms 4 baths are divided up as a 3 bedroom, 2 bath single story home with no common walls, large chefs kitchen with eat in area and connects to open concept living area with fireplace and tons of natural light. This home is set back from the street, shaded by a large tree, has ample parking and offers full privacy plus oversize bedrooms along with own laundry. The Duplex offers 2 bed 1 bath each unit as upstairs downstairs neighbors both with updated kitchens, spacious rooms and separate entrances creating a cozy feel while being just moments from the City. Property has a long driveway, covered carport, ample parking, adjacent street parking, a covered patio and 2 additional rooms that can be used as storage, for small business or junior ADU's with access to a shared restroom. This property makes a great starter, investment portfolio builder, multi-generational or multi-family home and will qualify for all financing.

Price History

Date
Event
Price
10/03/00
Sold
$97,000
05/10/94
Sold
$80,000
Condition Rating
Fair

The property, built in 1925, is a triplex with varying conditions across its units. While the main unit appears to have more recent cosmetic updates with wood/laminate flooring, recessed lighting, and stainless steel appliances in a traditional-style kitchen, the images of the duplex units reveal significantly dated conditions. One duplex kitchen features older wood cabinets, laminate countertops, and patterned tile flooring, contradicting the 'updated kitchens' claim for these units. Bedrooms in the duplex units show worn carpets, dated paint, and popcorn ceilings. Overall, the property is aged and maintained, but major components and finishes in at least two units are outdated and require substantial cosmetic updates and repairs to meet current standards.
Pros & Cons

Pros

Income-Generating Triplex: This property is explicitly marketed as an investment opportunity, allowing an owner to live in one unit and rent the others, offering strong cash flow potential and high rental demand in a vibrant community.
Prime Location & Accessibility: Situated near thriving East Los Angeles, minutes from cultural landmarks, Dodger Stadium, colleges, major freeways, shopping, and within a short walk to Metro Transportation, ensuring high tenant appeal and convenience.
No Rent Control: A significant advantage for investors in Los Angeles, as the units are explicitly stated to be 'without rent control,' allowing for greater flexibility in rental pricing and income growth.
ADU/Flexible Space Potential: Includes two additional rooms with shared restroom access that can be utilized for storage, small businesses, or potentially converted into junior ADUs, offering significant value-add and income diversification opportunities.
Abundant Parking: The property features a long driveway, covered carport, ample on-site parking, and adjacent street parking, a highly desirable amenity in a dense urban environment like Los Angeles.

Cons

Age of Property (1925): Despite being described as 'well-maintained' and having 'updated kitchens,' the 1925 construction year suggests potential for older infrastructure (e.g., plumbing, electrical, foundation) that may require significant capital expenditures in the future.
Limited Specific System Updates: While kitchens are updated, the description lacks detailed information on comprehensive renovations to major systems such as HVAC (no mention of central AC), roofing, or overall electrical/plumbing, which could lead to unforeseen maintenance costs.
Urban Density & Potential Noise: Located in a 'vibrant and thriving community' near major transportation arteries, the property may experience higher levels of urban noise. Additionally, as a triplex with 'upstairs downstairs neighbors,' sound insulation between units could be a concern for some tenants.

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