Los Angeles, CA 90027 4354 Prospect Avenue
$1,395,000
16 more
Presented By: Corey Nelson with Robust Real Estate;
Home Details
Nestled in the heart of Los Feliz, this charming multi-family property offers a unique opportunity for savvy investors seeking rental income in one of Los Angeles' most desirable neighborhoods. The property features two detached Craftsman bungalows, each brimming with character and updated to meet modern standards. With a total of four bedrooms and two bathrooms spread across 1,560 square feet, these fully occupied units are currently home to wonderful tenants that are paying attractive rental rates. The property's incredible location, just east of Hillhurst Avenue, places residents close to local attractions such as the iconic Vista Theater, Home Restaurant, and The Guest House. Each unit boasts its own laundry facilities, adding convenience for tenants and potentially increasing rental value. The gated property provides driveway parking for each unit, a coveted amenity in this bustling urban area. For those with an eye on future development, a detached converted garage comes with preliminary plans for an Accessory Dwelling Unit (ADU), offering potential for additional rental income. The property's Craftsman aesthetic lends a timeless appeal, while recent updates ensure modern comfort. With its prime location and strong rental potential, this multi-family gem presents an excellent opportunity for investors looking to expand their portfolio in one of LA's most vibrant communities. This property isn't just an investment; it's a slice of Los Feliz life, served up with a side of potential and a dash of charm.
Presented By: Corey Nelson with Robust Real Estate;
Interior Features for 4354 Prospect Avenue
Bedrooms
Total Bedrooms4
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories
General for 4354 Prospect Avenue
Additional Parcels Y/NNo
AppliancesMicrowave, Range
Architectural StyleCraftsman
Attached Garage No
Cap Rate4.15
Carport Y/NNo
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market38
DirectionsBetween Hillhurst and Commonwealth
DisclosuresRentControl
Facing DirectionNorth
Full Baths
Garage Y/NNo
Gross Income83280.0
HeatingFloorFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1750.0
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6753.0
Lot Size UnitsSquareFeet
MLS Area637 - Los Feliz
MaintenanceExpense3500.0
MobileHomeRemainsYNNo
Net Operating Income57938.0
New ConstructionNo
NumberOfUnitsTotal2
Open Parking Spaces2.0
Other StructuresGuestHouse
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Taxes$16,732
Tenant PaysCableTV, Electricity, Gas
View Y/NNo
Water Sewer Expense2400.0
Waterfront Y/NNo
Year Built1915
ZoningLAR2
Exterior for 4354 Prospect Avenue
Building Area Total1560.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.155
Lot Size Area6753.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking4.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480