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.
Property Details
Price:
$1,395,000
MLS #:
24414237
Status:
Active
Baths:
0
Address:
4354 Prospect Avenue
Type:
Residential Income
Neighborhood:
637losfeliz
City:
Los Angeles
Listed Date:
Jul 22, 2024
State:
CA
ZIP:
90027
Lot Size:
6,753 sqft / 0.16 acres (approx)
Year Built:
1915
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Schools
Interior
Appliances
Microwave, Range
Cooling
Wall/ Window Unit(s)
Heating
Floor Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Driveway
Parking Spots
4.00
Financial
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address4354 Prospect Avenue Los Angeles CA
- Area637 – Los Feliz
- CityLos Angeles
- CountyLos Angeles
- Zip Code90027
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Courtesy of Robust Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4354 Prospect Avenue
Los Angeles, CA
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