4824 Toland Way, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 4 bath
4824 Toland Way
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 4824 Toland Way, Los Angeles, California 90042 is currently available with a list price of $1,349,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1921, this property is over a century old. The kitchen features extremely dated appliances, tile countertops, and basic, aged cabinetry. The bathroom is also significantly outdated with green hexagonal floor tiles, an old vanity, and fixtures that appear to be from a renovation 30-50+ years ago. While tenant-occupied, the property description explicitly notes a 'need for significant updates to systems (plumbing, electrical) and higher ongoing maintenance costs' due to its age. The overall condition indicates a requirement for substantial repairs and rehabilitation to bring it to modern standards and address underlying system issues, aligning with a 'poor' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Potential
This triplex is explicitly marketed as a turnkey investment with rental income in place from day one, offering immediate cash flow for investors.
- Significant Development Upside
Set on a spacious 22,052 sqft lot, the property offers ample outdoor space and potential opportunities for expansion or additional development, subject to city approval.
- Desirable Location
Nestled in the scenic foothills between Highland Park and Eagle Rock, with prime access to vibrant York Boulevard, Colorado Boulevard, and major freeways.
CONSRISKS & DEFICIENCIES
- Tenant-Occupied / No Vacancy
The property will not be delivered vacant, which could complicate immediate owner-occupancy plans or extensive renovation projects requiring empty units.
- Age of Property
Built in 1921, the property is over a century old, potentially indicating a need for significant updates to systems (plumbing, electrical) and higher ongoing maintenance costs.
- Development Contingency
While there's potential for expansion or additional development, it is 'subject to city approval,' introducing uncertainty, potential delays, and additional costs for permits and compliance.
About 4824 Toland Way
Nestled in the scenic foothills between Highland Park and Eagle Rock, this rare two-building triplex offers a unique blend of charm, income potential, and future upside. Set on a spacious lot, the property provides ample outdoor space and potential opportunities for expansion or additional development, subject to city approval. Each of the three units enjoys its own entrance and layout, creating privacy and a comfortable living experience for tenants. This is a tenant-occupied property and will not be delivered vacant, making it an ideal turnkey investment with rental income in place from day one. Its prime location near vibrant York Boulevard, Colorado Boulevard, and easy freeway access makes this triplex a compelling opportunity for both investors and owner-users looking to maximize the lot's potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1921
- Lot Size
- 22,052 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | - | 75% |
| Baths | 4.0 | - | 88% |
| Square foot | 2,738 | 2,203.5 | 63% |
| Lot Size | 22,052 | 7,234.5 | 88% |
| Price | $1.35M | $942.5K | 63% |
| Price per sq ft | $493 | $500 | 50% |
| Built year | 1921 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 162 | 198 | 25% |
Pricing History
Listed for Sale
Dec 10, 2025
$1,349,000
$1,319,000
+2% Price Increase
Initial Listing
Price Change
Sep 25, 2025
$1,319,000
Initial Listing