4824 Toland Way, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 4 bath
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Los Angeles, California 90042
This Residential Income Triplex represents a strategic value-add opportunity in the Eagle Rock foothills, offered at a List Price of $1,249,000. While positioned slightly above the $1,181,730 Fair Market Value, the asset’s primary appeal is the massive 22,052 sqft Lot and significant Development Upside. With a Condition Rating of 5 (Poor), the property requires extensive system updates but offers immediate rental income from three units. Featuring a Neighborhood View and Patio, this is a high-potential acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4824 Toland Way Subject | $1,249,000* List Price | 4 | 4 | 2,738 | $432 | - |
A 4943 Granada Street Sold | $910,000 | 4 | 2 | 1,793 | $508 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
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 The bathroom is also significantly outdated with green hexagonal floor tiles, an old vanity, and fixtures that appear to be from a renovation 30-50+ years ago.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.
This triplex is explicitly marketed as a turnkey investment with rental income in place from day one, offering immediate cash flow for investors.
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.
Nestled in the scenic foothills between Highland Park and Eagle Rock, with prime access to vibrant York Boulevard, Colorado Boulevard, and major freeways.
The property will not be delivered vacant, which could complicate immediate owner-occupancy plans or extensive renovation projects requiring empty units.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 67% |
| Baths | 4.0 | 0.0 | 89% |
| Square foot | 2,738 | 1,800 | 78% |
| Lot Size | 22,052 | 6,302 | 89% |
| Price | $1.25M | $925.0K | 78% |
| Price per sq ft | $456 | $508 | 44% |
| Built year | 1921 | 1922 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 209 | 209 | 56% |
Mar 10, 2026
$1,249,000
$1,349,000
-7% Price Drop
Initial Listing
Dec 10, 2025
$1,349,000
$1,319,000
+2% Price Increase
Initial Listing
Sep 25, 2025
$1,319,000
Initial Listing