3445 E 4th Street
Los Angeles, CA 90063
- – beds
- – baths
- – sqft
- 5,987 sqft lot
- 1953 build
- – on site
In a market where it is so difficult to find a property that cash flows, we are presenting one to you here that does. Honestly, where are you going to find a property in L.A. right now that is a true 7.6 cap and a 9.15 GRM??? Each unit is a 3 bed 1 bath. The property has been well taken care of by the current owners and should stand up well to a licensed home inspection. The units were renovated about 6 years ago. The tenants that are currently in there are paying $2300 and $2400. With the third unit being vacated, if a new owner wants to get a Section 8 tenant in there, they will get right around $3300/mo, which brings the total income to $8000/mo. The tenants being vacated have not paid rent for several months and the sellers have already hired an Attorney and already have a court date set for mid-April. If the new owner will take possession of the property with those tenants still in place the sellers will continue to take care of all costs and all actions necessary to complete the eviction. Or, if a buyer wants to wait for the eviction to be complete before close of escrow that too can probably be done. With a 25% down loan at 7% interest, the new owner will cash flow $2,000/mo or $24,000 annually, with only $220,000 out of pocket. And there is good upside as the rents in the other units are approximately $2,000 ($1000 for each unit) below what section 8 will give. Another big plus is that there are three parking spots (one parking spot per unit) and possibly an additional one in between the two structures. Also, the rear unit, being totally detached and far away from the other two, as well as having it's own yard space, lends itself nicely to an owner possibly living there. This is definitely a really good property to start your real estate investment career with, or to add to your portfolio if you are already experienced.
Last checked:
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Last updated Feb 20, 2025
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MLS# 25497733 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1953
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2422.00
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Total Number Of Units:3
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# of Buildings:2
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Stories Total:2
Interior
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Levels:Two
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:East of Lorena St, North of 60 FWy
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Latitude:34.03365900
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Longitude:-118.19535400
The Property
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Property Type:Residential Income
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Zoning:LAC2
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Lot Size Area:5987.0000
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Lot Size Acres:0.1374
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Lot Size SqFt:5987.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5179013045
Heating & Cooling
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Heating:1
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Heating:Combination
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Uncovered
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/12/25
Feb 12, 2025
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Listed / Active | CRMLS_CA | $879,000 | |
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10/1/18
Oct 1, 2018
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Sold | CRMLS_CA | ||
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6/2/17
Jun 2, 2017
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Sold | CRMLS_CA |
