USACALos Angeles3249 E 4Th St
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$985,000

For Sale

5 days ago

3249 E 4Th St, Los Angeles, CA

House

MLS® WS26189594

0 Bed

0 Bath

--

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 5
Lot Size 0.1142 Acres
Approx. Age 1963
MLS® Number WS26189594

Property Address: 3249 E 4th St, Los Angeles, CA, 90063-3145

Average square foot calculated using Size range provided by listing agent.

Description

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, 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.
MLS® NumberWS26189594
Laundry LevelEnsuite
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1963
Basement
DrivewayGarage
Garage Spaces
HeatWall Furnace
A/CWall Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 28, 2026List Date
$985,000List Price
-End Date
Not Sold YetSold Price

For Sale

Aug 28, 2026List Date
$985,000List Price
  • Commute

Commute

Starting Address
Destination Address
3249 E 4Th St, Los Angeles, CA

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