3249 E 4th Los Angeles, CA 90063
8 Beds
4 Baths
3,288 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,288 sqft
Price per Sqft $299
MLS Listing ID WS26189528
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1963
Lot Size 4,974 Sqft
Property Sub-Type Quadruplex
Property Description
The biggest growth opportunity is in converting existing garage space into 2 ADU-conversions to bring in up to an additional $1,800 per month totalling $3,600 per month in additional income. The property goes from $8,800/month in projected market rent to $12,400/month 4+2 adus stabilized annual rents: $148,800/year. You will have approximately a 10.15% cap rate at $985,000.
The seller has completed substantial capital improvements during ownership, including a copper plumbing re-pipe approximately six years ago, upgraded electrical panel, exterior painting, roof maintenance, replacement of two tank-style water heaters and remodeled bathrooms in two units. The property has four separate electric meters and four separate gas meters. The major systems are set and ready to go. Overall, the property has been well maintained, reflecting pride of ownership, and offers significant rental upside potential.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Rooms
Main Level Bedrooms 5
Interior
Interior Features All Bedrooms Down
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights
View Y/N No
View None
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Paved
Dwelling Type Quadruplex
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5179011023
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
