
Los Angeles, California 90036
Analysis of 457 N Stanley, Los Angeles, California 90036 is currently available with a list price of $1,950,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1939, this property shows significant age with a kitchen and interior finishes that appear over 30 years old. The listing's emphasis on 'value-add potential,' 'repositioning,' and 'future redevelopment' confirms the need for a major rehab to address dated systems and aesthetics.
Situated in the highly desirable Hancock Park/90036 submarket, the property is blocks from Melrose and The Grove, ensuring high tenant demand and long-term appreciation in a premier Los Angeles neighborhood.
With one unit delivered vacant, this property offers a rare opportunity for a buyer to occupy a unit while utilizing the rental income from the remaining three units to offset the mortgage.
The combination of below-market legacy rents and LARD1.5 zoning provides multiple paths to increase equity, including unit repositioning, ADU construction, or future redevelopment.
Existing legacy rents are well below market value, which may result in lower immediate cash flow and requires a long-term strategy to realize the property's full income potential under local tenant regulations.
Built in 1939, the property likely requires capital improvements to major systems and interiors to meet modern standards and command top-of-market rental rates.
Exceptional four-unit investment and owner-user opportunity in the highly desirable Hancock Park / 90036 submarket, just blocks from Melrose and moments from The Grove, Beverly Grove, West Hollywood, shopping, dining and entertainment. Situated on an approximately 6,362 SF LARD1.5 lot, this classic Los Angeles fourplex offers tremendous long-term value-add potential in one of the city's most sought-after infill locations. One unit is currently vacant, creating an outstanding opportunity for an owner-user to live in the property while generating income from the three remaining units. For the investor, existing rents provide significant future upside as the property currently reflects legacy rental income well below the potential of this prime location. The generous lot and zoning may also offer potential for an ADU, additional improvements, or future redevelopment, subject to Buyer verification of zoning, density, permits, tenant regulations and all applicable City and State requirements. The surrounding neighborhood continues to experience substantial reinvestment, renovation, and new development, further enhancing the long-term appeal of this location. Whether your strategy is owner occupancy, rental repositioning, long-term hold, ADU/value-add improvements or future redevelopment, this property offers multiple paths to create value. Four legal units, one delivered vacant, valuable land, tremendous rental upside and an irreplaceable central Los Angeles location.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,936 | 2,187.451 |
| Lot Size | 6,362 | 5,841.385 |
| Price | $1.95M | $841.5K |
| Price per sq ft | $664 | $385 |
| Built year | 1939 | 1928 |
| HOA | $0 | $0 |
| Days on market | 19 | 85 |
Aug 21, 2026
$1,950,000
Initial Listing