4564 N Figueroa Street, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath
ACTIVE$2,400,000
4564 N Figueroa Street, Los Angeles, California 90065
0Bed
0Bath
4Sqft
18,062Lot
Year Built
1904
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$600,000
HOA
-
Days on market
-
Sold On
-
MLS number
CV25118958
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.40M(75th), sqft - 4(25th), beds - undefined(50th), baths - undefined(50th).
In the HEART OF HIGHLAND PARK don't miss out on this opportunity and potential 2 houses and a duplex. One house feature 4 bedroom 1 and 1.4 bathroom with laundry room 1872 sf and a permit garage 25x40 can fit up to 6 cars potential for ADU. Second house features 2 bedroom 1 and 1/4 bathroom with laundry room 1376 sf. Back duplex each 1 bedroom 1 bathroom with its own laundry each unit is approximately 604 sf. with a one car garage each. This property sets on 18,062 lot.
Condition Rating
Poor
Built in 1904, this property is over a century old with no evidence of major recent renovations. The bathrooms are severely outdated with worn fixtures, old tubs, and dated tiling. While some laminate flooring is present in one unit, the overall condition of the interiors and exteriors suggests extensive deferred maintenance. Major systems (electrical, plumbing, HVAC) are highly likely to be original or very old, requiring substantial repairs and rehabilitation to meet modern standards and safety, aligning with a 'poor' condition.
Pros & Cons
Pros
Exceptional Income Potential: The property features a quadruplex configuration (two separate houses and a duplex), offering significant rental income streams and making it a highly attractive investment opportunity.
Prime Highland Park Location: Located in the 'HEART OF HIGHLAND PARK,' a highly desirable and appreciating Los Angeles neighborhood, ensuring strong tenant demand and potential for capital appreciation.
Large Developable Lot: An expansive 18,062 sqft lot provides ample space for outdoor amenities, privacy, and future development opportunities, including the potential for additional Accessory Dwelling Units (ADUs).
Significant ADU & Parking Potential: Includes a large permitted garage (25x40 ft) with explicit potential for an ADU, alongside existing garages for the duplex units, addressing critical parking and housing needs in Los Angeles.
Individual Unit Amenities: Each of the two houses and both duplex units are equipped with their own laundry facilities, a highly sought-after amenity that enhances tenant appeal and rental value.
Cons
Advanced Age & Renovation Needs: Built in 1904, the property is over a century old, suggesting a high likelihood of requiring significant investment in updating infrastructure (plumbing, electrical), systems, and general modernization to meet contemporary standards.
High Capital Investment: With a list price of $2.4 million, this property represents a substantial financial commitment, potentially limiting the buyer pool and requiring robust financial planning for acquisition and subsequent renovations.
Unusual Bathroom Configurations: The description's phrasing of '1 and 1.4 bathroom' and '1 and 1/4 bathroom' for the main houses is ambiguous and may indicate non-standard or less desirable bathroom layouts, potentially requiring upgrades for modern appeal and functionality.