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3249 E 4th
Quadruplex 
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3249 E 4th 
$985,000
Offered at
Los Angeles, CA 90063
Los Angeles County
8
Beds
4
Baths
3,288
Sq Ft
4,975
Lot Sq Ft
1963
Year Built
Exceptional 4-UNIT BOYLE HEIGHTS INVESTMENT — $985,000 / APPROX. $299 PER SF and just $246,250 per existing unit! There is potential for 46% more gross rental income and 7.0% stabilized cap at the $985K asking price. Current rents totaling approximately $4,767.80 per month with upside to $8,800 per month. That…
Exceptional 4-UNIT BOYLE HEIGHTS INVESTMENT — $985,000 / APPROX. $299 PER SF and just $246,250 per existing unit! There is potential for 46% more gross rental income and 7.0% stabilized cap at the $985K asking price. Current rents totaling approximately $4,767.80 per month with upside to $8,800 per month. That increases the gross scheduled rent ($57,214 annual to approximately $105,600 annual. An increase of roughly $48,386 annually.
The biggest growth opportunity is in converting existing garage space into 2 ADU-conversions to bring in up to an additional $1,800 per month totalling $3,600 per month in additional income. The property goes from $8,800/month in projected market rent to $12,400/month 4+2 adus stabilized annual rents: $148,800/year. You will have approximately a 10.15% cap rate at $985,000.
The seller has completed substantial capital improvements during ownership, including a copper plumbing re-pipe approximately six years ago, upgraded electrical panel, exterior painting, roof maintenance, replacement of two tank-style water heaters and remodeled bathrooms in two units. The property has four separate electric meters and four separate gas meters. The major systems are set and ready to go. Overall, the property has been well maintained, reflecting pride of ownership, and offers significant rental upside potential.
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Cooling: Wall Window Units
Appliances
- Laundry: Inside
Features
- Has fireplace: No
Interior area
- Total interior livable area: 3,288 sqft
Property
Parking
- Total spaces: 3
- Garage spaces: 3
Features
- Stories: 1
- Has private pool: No
- Has view: No
Lot
- Size: 0.11 Acres
- Features: Zero To One Unit Acre, Paved
Details
- Parcel number: 5179011023
Construction
Type & style
- Home type: Residential
- Property subtype: Quadruplex
Condition
- Year built: 1963
Location
Mike Zwarg
Broker / Owner
951-528-0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: Real Brokerage Technologies · Listing Agent: BRIAN NGOY · 626-773-8181 · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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3249 E 4th, Los Angeles, CA 90063
951-528-0626
mike@mzhomes.us
mzhomes.us
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