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136 E Avenue 44, Los Angeles, California 90031, Los Angeles, 90031 - 8 bed, 6 bath

136 E Avenue 44, Los Angeles, California 90031 home-pic-0
ACTIVE$1,499,999
136 E Avenue 44, Los Angeles, California 90031
8Beds
6Baths
4,616Sqft
7,503Lot
Year Built
1906
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$325
HOA
-
Days on market
-
Sold On
-
MLS number
DW25243247
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(92th), sqft - 4616(92th), beds - 8(92th), baths - 6(92th).

Fully Remodeled 4-Unit Multifamily with Immediate Upside! Exceptional opportunity to own a 4-unit multifamily property with a desirable unit mix and strong rental potential. The building features one spacious 3-bedroom, 2-bathroom unit and three 3-bedroom, 1-bathroom units. Four units have been fully remodeled, offering modern finishes and move-in ready condition for new tenants. Currently, 3 units are vacant, providing an immediate opportunity to lease at market rents and maximize cash flow. The property is ideally located near schools, shopping, dining, and major freeway access, ensuring consistent rental demand. With updated interiors, large floor plans, and significant income upside from the vacancies, this asset is perfect for both seasoned investors and those expanding their portfolio.

Price History

Date
Event
Price
10/20/25
Listing
$1,499,999
08/23/11
Sold
$455,000
03/18/04
Sold
$575,000
10/09/03
Sold
$410,000
Condition Rating
Excellent
Despite being built in 1906, the property has undergone a 'fully remodeled' renovation as stated in the description, which is strongly supported by the images. The visible units feature modern finishes, including new wood-look laminate flooring, fresh paint, recessed lighting, and contemporary ceiling fans. The bathroom (Image 4) is completely updated with a new vanity, modern faucet, white tub, and stylish rectangular tile surround. While a full view of the kitchen appliances isn't provided, the overall aesthetic and description of 'modern finishes' suggest a similar high standard. The exterior also appears freshly painted with new windows. All components appear new or virtually new, indicating minimal physical depreciation post-renovation, aligning with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Multifamily Investment Opportunity: This is a 4-unit multifamily property explicitly marketed for income generation, offering a clear investment path for both seasoned and new investors.
Fully Remodeled Units: All four units have been fully remodeled with modern finishes, ensuring move-in ready condition for new tenants and reducing immediate capital expenditure for the buyer.
Immediate Income Upside: With 3 out of 4 units currently vacant, there's an immediate opportunity for the new owner to lease at market rents, significantly boosting cash flow and maximizing return on investment.
Desirable Unit Mix & Spacious Layouts: The property features a strong unit mix (one 3B/2B and three 3B/1B units) with large floor plans, appealing to a broad tenant base, including families.
Strategic Location: Ideally located in Los Angeles near schools, shopping, dining, and major freeway access, ensuring consistent rental demand and tenant attraction.

Cons

Age of Building: Built in 1906, the property's age may imply potential for older underlying infrastructure (e.g., plumbing, electrical, foundation) that could require significant future capital expenditures despite recent cosmetic remodels.
High Vacancy Rate: While offering upside, having 75% of units vacant requires immediate and substantial effort from the new owner for marketing, tenant screening, and lease-up, potentially incurring lost income during the transition period.
Lack of Dedicated Parking Mention: The property description does not mention dedicated parking, which can be a significant drawback for tenants in a dense urban area like Los Angeles, potentially impacting desirability and rental rates.

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