3249 E 4th , Los Angeles, CA 90063
$985,000
Est. Payment: $5,260.59/mo
8 Bed
4 Bath
3288 Sqft
Status: Active | Days on site: 2
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22057 - W75558
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House 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 ($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.

Highlights

Listed by BRIAN NGOY , 626-773-8181 Real Brokerage Technologies , 619-248-6434. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.11

Year Built

1963

County

Los Angeles

Area

BOYH - Boyle Heights

School District

Los Angeles Unified

Listing ID

WS26189528

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:Wall/Window Unit(s)
Fireplaces:
Other:
  • Additional:All Bedrooms Down
Water:Public

Exterior Features

Lot:0-1 Unit/Acre,Paved,No Land Lease
Garage Capacity:3
Others:
  • Additional:2+ Total Units
Sewer:Public Sewer
Principal Interest
$5,261
Taxes
$628

Home Price

$985,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$197,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,260.59

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,260.59 $627.94 $0.00 $5,888.53
Yearly $63,127.07 $7,535.25 $0.00 $70,662.32
Total $1,893,812.19 $226,057.50 $0.00 $2,119,869.69

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-22T23:02:25.000Z

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