4629 Clarissa, Los Angeles, California 90027, Los Angeles, 90027 - 0 bed, 0 bath
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Los Angeles, California 90027
This High-Potential Investment Opportunity is a Quadruplex listed at $1,750,000, positioned well below the $1,811,812 Fair Market Value by 3%. This valuation gap provides $61,812 in Instant Equity. With a Condition Rating of 4, the property offers significant value-add potential through modernization of its vintage 1923 infrastructure. Featuring four 1-car garages and in-unit laundry, this asset is perfectly suited for Buy-and-Hold Investors or Value-Add Developers seeking long-term income in a prime Los Feliz location near top-rated schools.
Prime Los Feliz quadruplex investment opportunity. 4-unit asset with instant equity, 4 garages, and in-unit laundry. Ideal for buy-and-hold investors. Act now.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4629 Clarissa Subject | $1,750,000* List Price | 0 | 0 | 3,596 | $504 | - |
A 1406 Manzanita Active | $1,595,000 List Price | 0 | 0 | 2,663 | $599 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1923 (101 years old) and the description emphasizes 'vintage character' rather than recent renovations, suggesting kitchens and baths are likely dated. Visible window/wall AC units indicate a lack of modern central HVAC systems, and the age of the building typically requires updates to electrical and plumbing systems to meet current standards.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in one of Los Angeles' most desirable neighborhoods, the property offers exceptional proximity to Griffith Park, trendy dining, and major commuter routes, ensuring high tenant demand.
The inclusion of four individual garages and dedicated in-unit laundry facilities for every residence provides a significant competitive advantage over other vintage multifamily assets in the area.
Built in 1923, the property may require significant capital investment for the maintenance or modernization of aging systems common in century-old structures.
The uniform configuration of four one-bedroom units limits the potential tenant pool to individuals or couples, lacking the flexibility to accommodate families or those needing home offices.
4629 Clarissa Ave, Los Angeles, CA 90027 is a charming four-unit investment property located in the desirable Los Feliz area. The property offers 3,596 square feet of living space on a 5,302 square foot lot, with all four units configured as one-bedroom residences. This well-situated multifamily asset presents an excellent opportunity for investors seeking a classic Los Angeles property with strong location appeal and long-term income potential. Conveniently located near Griffith Park, neighborhood dining, shopping, and major commuter access, the property blends vintage character with a highly sought-after urban setting. Each unit has its own laundry facilities, and the property includes four 1-car garages.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-2 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,596 | 2,738.5 | 83% |
| Lot Size | 5,304 | 6,625 | 17% |
| Price | $1.75M | $1.20M | 67% |
| Price per sq ft | $487 | $447 | 67% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 202 | 17% |
May 29, 2026
$1,750,000
Initial Listing
Mar 25, 2016
$1,400,000
Public Record