4478 E 4th, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This East Los Angeles triplex represents a High-Potential Investment Opportunity, currently listed at $848,000—positioned well above the $741,805 Fair Market Value. While the property requires a full interior rehab due to its Condition Rating of 5, the delivery of two vacant units provides immediate flexibility for renovation or leasing. Featuring a panoramic skyline view and a patio, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage FHA financing to offset mortgage costs through strategic house-hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4478 E 4th Subject | $848,000* List Price | 0 | 0 | 1,917 | $387 | - |
A 640 S Mcbride Sold | $675,000 | 0 | 0 | 2,052 | $329 | 0.4 mi |
B 4766 Hammel Sold | $795,000 | 0 | 0 | 1,904 | $418 | 0.8 mi |
C 468 S Fetterly Sold | $700,000 | 5 | 2 | 1,888 | $371 | 0.4 mi |
D 4616 Hammel Sold | $725,000 | 0 | 0 | 2,116 | $343 | 0.8 mi |
E 1254 S Mcbride Active | $999,990 List Price | 0 | 0 | 2,036 | $491 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 with no evidence of major renovations in the last 30 years. The kitchen features dated laminate countertops with visible wear, old cabinetry, and aging appliances. Bathrooms show significant wear on vanities and flooring. The presence of an old wall heater indicates outdated HVAC systems, and the property requires a full interior rehab to meet modern standards.
Two units will be delivered vacant at the close of escrow, providing a rare opportunity to immediately lease at current market rates or occupy as a primary residence while house-hacking.
Centrally located near major employment hubs like DTLA and USC Medical Center with easy access to four major freeways, ensuring consistently high rental demand and long-term appreciation.
The property's eligibility for FHA financing with as little as 3.5% down makes it an exceptionally accessible entry point for first-time multi-family investors.
Built in 1941, the property may require significant capital expenditures for modernizing systems or addressing deferred maintenance typical of older Los Angeles multi-family assets.
With one unit remaining occupied, the new owner inherits an existing lease and tenant, which limits immediate control over the entire property and requires compliance with local rent regulations.
PRICE REDUCED TO $845,000! Rare East Los Angeles Triplex with Two Units Delivered Vacant at Close of Escrow! Don't miss this exceptional opportunity to own a versatile triplex in East Los Angeles that is ideal for both owner-occupants and investors. Two units—a spacious 2-bedroom, 1-bath and a 1-bedroom, 1-bath—will be delivered vacant at the close of escrow, giving you the flexibility to move in, lease at today's market rents, or create the perfect house-hacking opportunity. The third unit is tenant-occupied, providing immediate rental income from day one. This income-producing property offers the opportunity to live in one unit while renting the others, helping offset your monthly mortgage and build long-term wealth through real estate. Eligible owner-occupants may qualify for FHA financing with as little as 3.5% down, subject to lender approval, borrower qualification, and property eligibility. Perfect for first-time multifamily buyers, experienced investors, or anyone looking to expand their real estate portfolio, this property offers immediate upside with two vacant units and excellent long-term appreciation potential. Conveniently located just minutes from Downtown Los Angeles, USC Medical Center, Cal State LA, and major freeways including the 5, 10, 60, and 710, you'll enjoy easy access to employment centers, shopping, restaurants, schools, parks, and public transportation. The strong rental demand in East Los Angeles makes this an outstanding long-term investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,917 | 2,250 |
| Lot Size | 4,221 | 5,864 |
| Price | $848.0K | $826.7K |
| Price per sq ft | $442 | $395 |
| Built year | 1941 | 1925 |
| HOA | $0 | $0 |
| Days on market | 46 | 83 |
Jul 3, 2026
$848,000
$889,000
-5% Price Drop
Initial Listing
Jun 6, 2026
$889,000
Initial Listing