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Listed by: BRIAN NGOY (626) 773-8181 DRE #01821280 | Real Brokerage Technologies (619) 248-6434
$985,000
Monthly Est:$4,903
8 Beds
4 Baths
3,288sqft
3249 E 4Th St, Los Angeles, CA 90063
$985,000
$4,903/moEst:
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Quadruplex
Built in 1963
$-- HOA
4,975 sqft lot
$300/sq.ft
Description
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 from $57,214/year to approximately $105,600/year, 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.
- Houzeo last checked: 4 minutes ago
- Listing updated: October 28, 2026 at 12:22 am
- Source: California Regional MLS-CA | MLS#: WS26189594
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1963
HOA Fees
-
Finished Area
3,288 sqft
Lot Size
4,975 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
WS26189594
MLS Status
Active
Days on Market
67
Cumulative Days on Market
60
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Sewer
Public Sewer
Cooling
Wall Window Units
Heating
Wall Furnace
Utilities & Energy
Fireplace Features
None
Pool Features
None
Water Source
Public
Parking Features
Garage
Laundry Features
Inside
Other Features
Community Features
Street Lights
Lot Features
Zero To One Unit Acre
Price History
| Date | Event | Price |
|---|---|---|
08/28/2026 Source: | Listed for Sale | $985,000 $300/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 08:45PM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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