4824 Toland Way, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 4 bath
ACTIVE$1,349,000
4824 Toland Way, Los Angeles, California 90042
4Beds
4Baths
2,738Sqft
22,052Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
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.
Compared to the nearby listings
Price:$1.35M vs avg $1.08M (+$273,000)62%
Size:2,738 sqft vs avg 2,011 sqft69%
Price/sqft:$493 vs avg $55123%
More Insights
Built in 1921 (104 years old).
Condition: 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 The bathroom is also significantly outdated with green hexagonal floor tiles, an old vanity, and fixtures that appear to be from a renovation 30-50+ years ago.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.
Year Built
1921
Close
-
List price
$1.35M
Original List price
$1.32M
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24267
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
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.
Condition Rating
Poor
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.
Pros & Cons
Pros
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.
Multi-Unit Privacy: The rare two-building triplex design ensures each of the three units enjoys its own entrance and layout, enhancing tenant privacy and comfort.
Versatile Investment: The property appeals to a broad range of buyers, including both investors seeking immediate income and owner-users looking to maximize the lot's long-term potential.
Cons
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.