RealKey
‪(213) 433-7766‬

5122 Longfellow Street, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

5122 Longfellow Street, Los Angeles, California 90042 home-pic-0
ACTIVE$1,899,900
5122 Longfellow Street, Los Angeles, California 90042
0Bed
0Bath
4,742Sqft
4,743Lot
Year Built
1928
Close
-
List price
$1.9M
Original List price
$2.05M
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
PW25006401
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.90M(92th), sqft - 4742(92th), beds - undefined(50th), baths - undefined(50th).

Welcome to your opportunity to own this 4-Unit property in Highland Park, This property offers many opportunities to live in one and rent out the others to maximize rental potential. ALL 4 UNITS will be delivered VACANT. Enjoy the convenience of a large 2-car garage and bonus room for added flexibility. Property has been well maintained, Units are equipped with mini-split units and Updated electrical on the property. The largest unit has remodeled Bathrooms and Kitchen as well as Central A/C and Heat. Don't Miss out on your opportunity to own this great investment property! PROPERTY ADDRESSES 5122-5124 Longfellow Street and 270-274 South Avenue 52 Highland Park (Los Angeles) CA​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ 90042

Condition Rating
Fair
The property, built in 1928, is aged but has been maintained with significant updates. While the largest unit boasts remodeled bathrooms and kitchen, along with central A/C and heat, and other units have mini-split systems and updated electrical, these improvements do not constitute a full, extensive renovation across all four units. The underlying infrastructure and potentially other units' interiors likely retain older styles and features, aligning with the 'Fair' category for an aged but maintained property where major components are functional but show signs of being outdated in some areas.
Pros & Cons

Pros

Vacant Delivery: All four units will be delivered vacant, offering immediate flexibility for owner-occupancy and the ability to set market-rate rental income from day one.
Strong Income Potential: As a 4-unit property (quadruplex) in a desirable Los Angeles neighborhood, it presents excellent opportunities for maximizing rental income.
Significant Upgrades & Maintenance: The property benefits from updated electrical, mini-split units in most units, and a fully remodeled largest unit with central A/C and heat, indicating good upkeep and reduced immediate capital expenditure for a new owner.
Desirable Location: Situated in Highland Park, a sought-after Los Angeles neighborhood known for its appreciating values, vibrant community, and strong rental demand.
Additional Functional Space: Includes a large 2-car garage and a bonus room, adding value through extra storage, dedicated parking, or potential for future conversion/utility.

Cons

Age of Property: Built in 1928, the property, despite recent updates, may still have older infrastructure components (e.g., plumbing, roof, foundation) that could require future maintenance or replacement.
Limited Lot Size: The 4,743 sqft lot for a four-unit property is relatively compact, potentially limiting private outdoor space for tenants or future expansion possibilities.
Recent Price Adjustment: The property has undergone a price reduction from its original listing, which might indicate initial overpricing or market resistance.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state