3249 4th Street, Los Angeles, CA 90063

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
3249 4th Street,Los Angeles, CA 90063
$985,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brian ngoy
Office: real brokerage technologies
MLS#:WS26189594
Source:MLSListings

Price summary

  • Price:$985,000

About this home

Exceptional 4-UNIT BOYLE HEIGHTS INVESTMENT — $985,000 / APPROX. $299 PER SF and just $246,250 per existing unit! There is potential for 46% more gross rental income and 7.0% stabilized cap at the $985K asking price. Current rents totaling approximately $4,767.80 per month with upside to $8,800 per month. That increases the gross scheduled rent from $57,214/year to approximately $105,600/year, an increase of roughly $48,386 annually. 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,...

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Home facts

  • Year built:1963
  • Listing ID #:WS26189594
  • Added:24 day(s) ago
  • Updated:September 22, 2026 at 04:48 PM

Heating and cooling

  • Cooling:Window/Wall Unit
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1963
  • Lot area:0.11 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$985,000

Parking

  • Parking description:Garage
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