$985,000

3249 E 4th Street, Los Angeles, CA 90063

3,288 sqft

Multi-Family Home
Built in 1963
4,975sqft lot
3 car garage
$300/sqft
Listed 25 days ago

Property 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.

Listing Status:: Active
Date Added:: August 28, 2026
Data Last Updated:: September 22, 2026 at 8:16PM
Listing Office:: Real Brokerage Technologies : 619-248-6434
Listing Agent:: BRIAN NGOY : 626-773-8181
Contact:: 626-773-8181
MLS ID:: WS26189594

Laundry: Inside
A/C: Wall/Window Unit(s)
Heating: Wall Furnace
Fireplace: None

Pool: None
Parking: GarageParking spaces: 3

General: 2

HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: 5179011023

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of BRIAN NGOY , Real Brokerage Technologies

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.