4238 La Salle, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$1,599,000
4238 La Salle, Los Angeles, California 90062
0Bed
0Bath
4,800Sqft
6,049Lot
Year Built
1925
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
SR25271881
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(94th), sqft - 4800(94th), beds - undefined(50th), baths - undefined(50th).
VERMONT SQUARE AREA. GREAT OPPORTUNITY--2 STORIES HOUSE IN FRONT -4 BEDROOMS 2 BATHS-- FIXER, DESIGNED YOUR OWN STYLE WITH THIS OPEN CONCEPT FLOOR PLAN, KITCHEN- BATHS- BACK BUILDING, 2 STORIES, 4 UNITS -ALL 1 BEDROOM -1BATH- SOME FURNITURES AND APPLIANCES. 4 CAR GARAGES- NEXT TO THE ALLEY. ALL ENTRANCE WITH DIFFERENT ADDRESSES ARE IN 42ND STREET. MUST SEE TO APPRECIATE. GREAT FOR OWNER USER OR INVESTORS, LEAVE IN HOUSE AND RENT THE UNITS. THE HOUSE & ALL 4 UNITS ARE VACANT.
Price History
Date
Event
Price
12/06/25
Listing
$1,599,000
Condition Rating
Poor
Built in 1925 and explicitly marketed as a 'fixer' requiring 'extensive renovation,' this property is in poor condition. The description highlights the need to 'design your own style' for the kitchen and bathrooms, implying they are severely outdated or non-functional. Images show worn flooring, dated aesthetics, and reliance on window AC units and wall heaters for climate control, indicating outdated systems. While a tankless water heater is a modern component, it's a minor upgrade compared to the overall need for substantial repairs and modernization of major systems and finishes across all units.
Pros & Cons
Pros
Multi-Unit Income Property: Comprising a 4-bedroom main house and four additional 1-bedroom units, this property offers exceptional income generation potential for investors or owner-users.
Full Vacancy for Immediate Opportunity: All five units are currently vacant, providing immediate flexibility for renovations, strategic tenant placement, and maximizing rental income without existing lease obligations.
Flexible Investment Opportunity: Ideal for both owner-users looking to reside in the main house and offset costs with rental income, or pure investors seeking a high-yield multi-family asset.
Ample Parking and Separate Access: Features four dedicated car garages and separate entrances for the units via 42nd Street, enhancing convenience and privacy for tenants.
Desirable City Lights View: The property offers attractive city lights views, adding an aesthetic appeal and potential market value.
Cons
Extensive Renovation Required: Explicitly marketed as a 'fixer,' the property demands significant capital investment for comprehensive updates and repairs across all five units.
Outdated Systems and Finishes: Built in 1925, the property likely requires modernization of its infrastructure, including plumbing, electrical, and interior finishes, to meet contemporary standards.
Substantial Additional Capital Outlay: Beyond the purchase price, buyers should anticipate a considerable financial commitment for the necessary renovations to bring the property to its full potential.