
Los Angeles, California 90042
This Highland Park fourplex presents a High-Potential Investment Opportunity with a List Price of $925,000—positioned well below the $960,474 Fair Market Value by 3%. This valuation gap offers $35,474 in Instant Equity. Featuring a Fair Condition Rating, the property includes a vacant unit and an uncounted basement studio, providing significant upside for rental income. With its versatile unit configuration and alley access, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6236 Arroyo Glen St Subject | $995,000* List Price | 0 | 0 | 3,034 | $332 | - |
A 148 S Avenue 53 Sold | $960,000 | 0 | 0 | 2,916 | $329 | 0.9 mi |
B 144 S Avenue 57 Active | $1,200,000 List Price | 0 | 0 | 3,541 | $339 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 (74 years old) with no mention of major renovations. The description of 'great upside potential' and the lack of interior photos typically indicate dated kitchens, bathrooms, and systems that require a full rehab to meet modern standards.
The property includes a vacant large unit for immediate market-rate leasing and an additional basement studio not yet counted in the official unit mix, offering substantial upside in rental income.
The layout features a detached-style 2-bedroom, 2-bath front house with a garage, making it an ideal opportunity for an owner-occupant looking to house-hack in a high-demand area.
Situated in a quiet pocket of Highland Park, the property benefits from being in one of Los Angeles' most popular rental markets with strong historical appreciation and low vacancy rates.
The basement studio is not currently included in the official unit count, which may present zoning compliance issues or require significant capital to legally convert into a habitable ADU.
Built in 1952, the property likely requires modernization of major systems such as plumbing and electrical to maintain competitiveness and reduce long-term maintenance costs.
Just Listed a Fourplex in a quiet Highland Park Area. The front unit is 2 bedroom/2 bath house with a garage. Other units at the rear of the property with alley access consist of 1 bedroom/1 bath, 2 bedroom/1 bath, & 3 bedroom/1 bath. Reliable tenants. The largest unit downstairs is being delivered vacant. At the basement, there is also a Studio Unit with a Bathroom that is not included yet as one of the units. Great Upside Potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,034 | 2,250 |
| Lot Size | 4,800 | 5,864 |
| Price | $995.0K | $826.7K |
| Price per sq ft | $328 | $395 |
| Built year | 1952 | 1925 |
| HOA | $0 | $0 |
| Days on market | 42 | 83 |
Jun 29, 2026
$995,000
$925,000
+8% Price Increase
Initial Listing
Jun 10, 2026
$925,000
Initial Listing
Nov 6, 1998
$255,000
Public Record
Sep 15, 1998
$131,000
Public Record