$1,820,000

Estimated payment $11,755/month

Total Views 1,995
4 Beds
4 Baths
2,397 Sq Ft
$759 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • French Mullion Window
  • Franklin Avenue Elementary Rated A-
  • Hiking Trails
  • Cooling System Mounted To A Wall/Window

About This Home

Welcome to this four unit 1920’s bungalow in the heart of Los Feliz! This timeless gem consists of Four 1 Bed/1 Bath units generating $112,000 a year in rental income. You can purchase for investment or live in one and rent out the other units! This well managed property has 2,397 square feet of living quarters and sits on a well designed 6,502 square foot lot. Each unit has its own tree shaded entryway allowing for privacy and a backdoor that takes you to a beautiful back yard open patio. Each tenant has their own gas and electrical meter allowing for easy management. This peaceful palm tree lined street is iconic to Los Angeles living and walking distance to the best Los Feliz has to offer. With a strong and stable Cap rate of 4.1%, this opportunity is desirable to owners and investors alike. Don’t miss this rare chance to own this turnkey classic with so much character Zoned R2-1XL. SELLER MAY FINANCE a portion of the purchase.

Listing Agent

Michael Pomes

Provenio Realty and Investment Brokerage Phone: 626-823-5654 License #02223370 Listed on: 07/11/2025

Co-Listing Agent, Showing Contact

Pablo Pomes

Provenio Realty and Investment Brokerage Phone: 626-823-5654 License #01018038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,052

Year Built

  • Built in 1927

Lot Details

  • 6,502 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Quadruplex
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,397 Sq Ft Home
  • 1-Story Property
  • French Mullion Window

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 4614
  • Assessor Parcel Number 5590011025
  • $406 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,032
  • Gardener Expense $1,080
  • Insurance Expense $5,800
  • Water Sewer Expense $120
  • New Taxes Expense $21,840
  • Operating Expense $32,604
  • Gross Income $108,680
  • Net Operating Income $80,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,052

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.40
  • Other Phone Description: Direct
  • Other Phone Number: 6268235654
  • Price Per Unit: 455000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 120.00
  • Zoning: LAR2
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 5590011025
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Side
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 759.28
  • Room Type: Kitchen, Primary Bathroom, Primary Bedroom
  • Window Features: French/Mullioned

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: 220 Volts
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1493

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 599 Square Feet
  • Electric Expense: 1032.00
  • Gross Income: 108680.00
  • Gross Scheduled Income: 112668.00
  • Insurance Expense: 5800.00
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 80064.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 32604.00
  • Rent Control: Yes
  • Total Actual Rent: 9056.66
  • Total Expenses: 32604.00

Tax Info

  • New Taxes Expense: 21840.00
  • Tax Census Tract: 1891.01
  • Tax Lot: 24
  • Tax Tract Number: 4614
  • TaxOtherAnnualAssessmentAmount: 406.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,052 $1,840,133 $1,298,917 $541,216
2024 $22,052 $1,804,053 $1,273,449 $530,604
2023 $21,623 $1,768,680 $1,248,480 $520,200
2022 $20,612 $1,734,000 $1,224,000 $510,000
2021 $15,963 $1,325,626 $883,753 $441,873
2020 $16,126 $1,312,295 $874,692 $437,603
2019 $15,485 $1,286,570 $857,542 $429,028
2018 $15,398 $1,261,349 $840,728 $420,621
2016 $13,385 $1,100,000 $641,100 $458,900
2015 $13,387 $1,100,000 $641,100 $458,900
2014 $11,566 $924,000 $538,500 $385,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $1,820,000 +7.1% $759 / Sq Ft
06/10/2021 06/10/21 Sold $1,700,000 +1.5% $709 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/04/2021 03/04/21 Price Changed $1,675,000 -0.9% $699 / Sq Ft
02/27/2021 02/27/21 For Sale $1,690,000 -- $705 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,700,000 Chicago Title
Grant Deed $1,050,000 First American Title Co
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Grant Deed -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,247,700 New Conventional
Previous Owner $801,950 New Conventional
Previous Owner $840,000 New Conventional
Previous Owner $560,000 Seller Take Back
Previous Owner $491,000 Unknown
Previous Owner $491,250 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25154996

California Regional Multiple Listing Service (CRMLS)

APN: 5590-011-025