4354 Prospect Avenue

Los Angeles, CA 90027

$1,395,000
Price
4
Beds
2
Baths
1,560 Sq. Ft.
$894 / Sq. Ft.
1,560
Sq. Ft.
$894
per Sq. Ft.

Description

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....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.
  1. Listed by Corey Nelson • DRE #01462372 • Brokerage DRE #01834648 • Robust Real Estate

Property Details for 4354 Prospect Avenue

Zoning
LAR2
Style
Craftsman
Parcel Number
5542004018
Total Units
2.0
Living Area
1560
Source Living Area
Vendor Enhanced
Area
Los Feliz (637)
Vacancy Rate
0
LISTING UPDATED: 10/21/2024 08:12 PM

Property Details for 4354 Prospect Avenue

StatusActive
MLS #24-414237
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
Lot Size0.16 AC / 6,753 SF
CountyLos Angeles County

Building Information for 4354 Prospect Avenue

Stories-Residences-Year Built1915Building Size-Lot Size0.16 AC / 6,753 SF

Property Information for 4354 Prospect Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Bungalow
  • Direction Faces: North
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $83,280
  • Net Operating Income: $57,938.00
  • Gross Income: $83,280
  • Cap Rate: 4.15%
  • Gross Rent Multiplier: $16.75
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 25341.60
  • Water Expense: $2,400.00
  • Tax Expense: $16,732
  • Gardener Expense: $960
  • Insurance Expense: $1,750
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6753
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Open Other Spaces Total: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Equipment: Built-Ins, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Microwave, Range
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: GuestHouse
Lease Terms
Lease Terms
  • Entry Date: 07-22-2024
  • Listing Terms: Cash To New Loan
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,850.00
  • Unit Actual Rent: $3,850.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,090.00
  • Unit Actual Rent: $3,090.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $179,093.00
  • Assessed Improvement Percent: 28.12
  • Assessed Land Value: $457,743.00
  • Assessed Land Percent: 71.88
  • Assessed Total Value: $636,836.00

Property History for 4354 Prospect Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4354 Prospect Avenue

Taxable ValueLand$466,897Additions$182,674Total$649,571
Tax Record2024$8,109 ($676 / month)
Home Facts
Total Finished SqFt1,560 SqFtAbove Grade Finished SqFt1,560 SqFtLot Size6,751 SqFtStyleDuplexYear Built1915ZoningLAR2CountyLOS ANGELESAPN5542-004-018

Schools near 4354 Prospect Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Los Feliz STEMM Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4354 Prospect Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on July 22, 2024 by Robust Real Estate, it's currently listed at $1,395,000. It has been on the market for a total of 101 days and was last sold on September 20, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Feliz STEMM Magnet, Thomas Starr King Middle School and John Marshall Senior High School. 4354 Prospect Avenue is a 4-bed, 2-bath, 1,560 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Robust Real Estate, Corey Nelson, DRE #01462372

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.