4354 Prospect Avenue

Los Angeles, CA 90027

$1,395,000

List Price

4

bed Beds

2

shower Baths

1,560 sqft

straighten / sqft

1915

calendar_month Built

Property 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. 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.

Listing Information

List Price $1,395,000
Status Active
MLS 24414237
Type Residential Income
Year Built 1915
Lot Size 6,753
Structure Size 1,560
DOM 85
Courtesy Of Robust Real Estate
Listing Agent Corey Nelson DRE#01462372

Interior Features

Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 2
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Other Structures
Structures Guest House

Maps

Listing information courtesy of: Corey Nelson, Robust Real Estate 310-927-0095. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 3:23 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.