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Listed by Michael Hrezo, DRE #01204922 • RE/MAX of Santa Clarita
$1,950,000
Est. payment /mo
6,362 Sqft Lot
New
457 N Stanley Los Angeles, CA 90036
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26183908
Year Built 1939
Lot Size 6,362 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Exceptional four-unit investment and owner-user opportunity in the highly desirable Hancock Park / 90036 submarket, just blocks from Melrose and moments from The Grove, Beverly Grove, West Hollywood, shopping, dining and entertainment. Situated on an approximately 6,362 SF LARD1.5 lot, this classic Los Angeles fourplex offers tremendous long-term value-add potential in one of the city's most sought-after infill locations. One unit is currently vacant, creating an outstanding opportunity for an owner-user to live in the property while generating income from the three remaining units. For the investor, existing rents provide significant future upside as the property currently reflects legacy rental income well below the potential of this prime location. The generous lot and zoning may also offer potential for an ADU, additional improvements, or future redevelopment, subject to Buyer verification of zoning, density, permits, tenant regulations and all applicable City and State requirements. The surrounding neighborhood continues to experience substantial reinvestment, renovation, and new development, further enhancing the long-term appeal of this location. Whether your strategy is owner occupancy, rental repositioning, long-term hold, ADU/value-add improvements or future redevelop
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Interior
Laundry None
Exterior
Parking Features Attached Garage, Other
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 5527026040
Special Listing Condition Not Applicable
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