
Los Angeles, California 90042
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $1,399,000, positioned slightly above the $1,363,308 Fair Market Value. While the property currently lacks an equity discount, it offers immediate, stable cash flow of $7,064 per month. Featuring a Condition Rating of 4, the building provides a solid foundation for value-add renovations to modernize dated systems. With a desirable 2-bedroom, 1-bathroom unit mix and a private patio for each unit, this asset is ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking long-term appreciation in Highland Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5620 Stratford Subject | $1,399,000* List Price | 0 | 0 | 3,614 | $377 | - |
A 6236 Arroyo Glen St Active | $995,000 List Price | 0 | 0 | 3,034 | $328 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963 (61 years old), the property avoids a 'Tear-down' or 'Poor' rating due to visible interior updates including newer laminate flooring and fresh paint. However, the presence of dated wall heaters, popcorn ceilings, and original exterior stucco indicates the property is dated and requires modernization of major systems and kitchens/baths to meet current standards.
Situated north of York Boulevard in a highly desirable neighborhood, the property offers excellent proximity to trendy dining, shopping, and major employment hubs like Downtown LA and Pasadena.
The building consists entirely of 2-bedroom, 1-bathroom units, which are highly sought after by renters and typically command higher demand and stability than smaller studio or one-bedroom configurations.
The property is fully occupied and generates a steady monthly income of approximately $7,064, providing investors with immediate rental returns upon acquisition.
The 'drive-by only' restriction and lack of interior access until an offer is accepted may deter some buyers and complicates the initial physical due diligence process.
Being fully occupied as a trust sale suggests that realizing market-rate rent increases or performing significant interior renovations may be delayed by existing tenancies and local rent stabilization ordinances.
Exceptional opportunity to acquire a fully occupied four-unit apartment building in one of Highland Park's most desirable neighborhoods. Located at 5620 Stratford Rd., this well-maintained income property features a strong unit mix consisting of all 2 bed 1 bath units with well designed floor plans and approximately 3,614 square feet of improvements on a 6,312-square-foot lot including carport parking for each unit and currently generates approximately $7,064 per month. Ideally situated north of York Boulevard, the property provides convenient access to Highland Park's vibrant dining, shopping, entertainment, and transportation corridors, as well as Downtown Los Angeles, Pasadena, and Eagle Rock. This is an outstanding opportunity for investors seeking stable cash flow, long-term appreciation, and ownership in one of Northeast Los Angeles' strongest rental markets. Property is being sold as part of a trust administration. Please do not disturb occupants. Drive-by only. Interior inspection is available upon accepted offer or by appointment with the listing agent.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,614 | 2,187.451 |
| Lot Size | 6,312 | 5,841.385 |
| Price | $1.40M | $841.5K |
| Price per sq ft | $387 | $385 |
| Built year | 1963 | 1928 |
| HOA | $0 | $0 |
| Days on market | 44 | 85 |
Aug 18, 2026
$1,399,000
$1,499,000
-7% Price Drop
Initial Listing
Jul 27, 2026
$1,499,000
Initial Listing