RealKey
‪(213) 433-7766‬

3962 Brighton Avenue, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

3962 Brighton Avenue, Los Angeles, California 90062 home-pic-0
ACTIVE$1,300,000
3962 Brighton Avenue, Los Angeles, California 90062
0Bed
0Bath
2,998Sqft
4,806Lot
Year Built
1970
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
PW25248496
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(78th), sqft - 2998(67th), beds - undefined(50th), baths - undefined(50th).

Your income-producing dream property 1 mile from BMO stadium and minutes from USC, the LA Memorial Coliseum, SoFi Stadium, and Downtown LA. This is a well maintained 4-plex in West Adams District. Front unit is the larger original house, the other 3 units were added to the back around 1970 with permits. Rents are below market on two of the units and Drastically below on 1 other. All tenants are on month-to-month rental agreements. (See Unit details below). This property features individual electric and gas meters AND tenants are billed for Water and Trash usage. Property is conveniently located near transportation, shopping, downtown and USC. Could make a great, future student housing. This is a great Investment opportunity with long term stable tenants and great upside potential. Unit 1 can be up to $3000 and other units can be up to $2,400 or so which makes this sales price a deal for you. This building is on a nice quiet and safe block with wide streets. Off street assigned parking and storage closet is included. Don't miss out on this opportunity. Call listing agent for more information. ******* Unit 1 Information - Actual Rent: $460, Potential rent $3,200, # of Baths Full: 1, Total # of Bedrooms: 2-3, Condition: Moderate, Furnished: Unfurnished ******* Unit 2 Information - Actual Rent: $2,400, # of Baths Full: 1, Total # of Bedrooms: 2, Condition: Excellent, Furnished: Unfurnished ******* Unit 3 Information - Actual Rent: $1,530, Potential rent $2,400, # of Baths Full: 1, Total # of Bedrooms: 2, Condition: Good, Furnished: Unfurnished ******* Unit 4 Information - Actual Rent: $1,530, Potential rent $2,400, # of Bathrooms Full: 1, Total # of Beds: 2, Condition: Good, Furnished: Unfurnished ***************************** Building Expenses - Trash: $0 Tenant paid, Maintenance: $2,000, Licenses: $427, Insurance: $3,000, Water Sewer: $0 Tenants paid, Gardener: $1,800 ***************************** Net Operating Income: $63,813 Total Building Area: 2,998 Gross Scheduled Income: $ Gross Operating Income: $71,040 # Of Separate Water Meters: 1 # Of Separate Gas Meters: 4 # Of Separate Electric Meters: 4 # Of Buildings: 2 Vacancy Allowance Rate: 3 Vacancy Allowance: 1217 *****************************

Price History

Date
Event
Price
10/28/25
Listing
$1,300,000
12/13/23
Sold
$800,000
Condition Rating
Fair
The property, built in 1970, is aged but appears to be maintained with some recent updates. While some units are described as 'Good' or 'Excellent', one unit is explicitly noted as 'Moderate', suggesting it requires updates or repairs to reach market potential. The visible kitchen features new-looking flooring, countertops, and painted cabinets, but lacks visible major appliances (stove/oven) and includes basic wire shelving, indicating a budget-friendly update rather than a high-end renovation. The overall condition is a mix, leaning towards 'Fair' due to the age, varied unit conditions, and the need for potential capital expenditures to maximize income, aligning with the criteria of requiring minor updates or repairs and showing signs of being outdated in some components.
Pros & Cons

Pros

Prime Location & Demand Drivers: Strategically located in the West Adams District, just 1 mile from BMO Stadium and minutes from USC, LA Memorial Coliseum, SoFi Stadium, and Downtown LA, ensuring high rental demand and potential for student housing.
Significant Rent Upside Potential: Current rents are substantially below market rates on three of the four units, offering a clear and substantial opportunity for increased income and property value through active management.
Favorable Tenant Agreements: All tenants are on month-to-month rental agreements, providing the new owner with immediate flexibility to adjust rents to market rates or implement other property management strategies.
Reduced Operating Expenses: The property features individual electric and gas meters for each unit, and tenants are billed for water and trash usage, significantly minimizing the owner's utility expenses.
Well-Maintained Quadruplex with Parking: A well-maintained 4-plex with permitted additions from 1970, offering diversified income streams and includes valuable off-street assigned parking and storage closets for tenants.

Cons

Underperforming Current Cash Flow: Despite the significant upside, the current actual rents are considerably below market, meaning the property's immediate cash flow is lower than its potential, requiring active intervention to improve.
Age and Varied Unit Conditions: The property includes an older original house and units added in 1970, with one unit specifically noted in 'Moderate' condition, suggesting potential for future capital expenditures and maintenance costs.
Active Management Required for Value-Add: Realizing the full rent upside and maximizing profitability will necessitate proactive management, including lease renegotiations, potential tenant turnover, and possibly unit upgrades, which demands investor involvement.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state