4618 Wall Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$755,000
4618 Wall Street, Los Angeles, California 90011
0Bed
0Bath
2,231Sqft
6,671Lot
Year Built
1906
Close
-
List price
$755K
Original List price
$755K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25175187
Home ConditionPoor
Features
View-
About this home
Welcome to 4618 Wall Street, a unique opportunity featuring two standalone homes on a single lot, offering exceptional flexibility for investors or owner-occupants. Both units have well-proportioned layouts and are currently tenant-occupied, providing immediate rental income and long-term stability. The front home includes three bedrooms, two full bathrooms, a dedicated laundry room, and approximately 1,259 square feet of living space. The rear home also features three bedrooms and two bathrooms, with approximately 1,060 square feet. The property is gated and offers off-street parking. While some repairs are needed, the potential to add value through renovation is significant. Whether you choose to live in one unit and rent the other, or improve both to maximize returns, this property presents a rare chance to build equity and long-term value in a high-demand rental market.
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.6mi
5/10
Estrella Elementary School
Public,•K-5•0.8mi
2/10
Harmony Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.0mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.2mi
3/10
George Washington Carver Middle School
Public,•6-8•0.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•1.5mi
3/10
Manual Arts Senior High School
Public,•9-12•1.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.4mi
5/10
Santee Education Complex
Public,•9-12•2.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
08/11/25
Listing
$755,000
12/12/14
Sold
$330,000
09/21/11
Sold
$175,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,231 | 2,022 | 67% |
| Lot Size | 6,671 | 5,364 | 83% |
| Price | $755K | $710K | 58% |
| Price per square foot | $338 | $345 | 42% |
| Built year | 1906 | 9610962 | 25% |
| HOA | |||
| Days on market | 86 | 167 | 8% |
Condition Rating
Poor
Built in 1906, this property is over 100 years old. The description explicitly states 'some repairs are needed' and highlights 'the potential to add value through renovation is significant,' indicating it requires substantial work. The exterior images show clear signs of deferred maintenance, including peeling paint, security bars, and general disrepair, suggesting major components are likely outdated and in need of repair or replacement. While tenant-occupied, implying it's currently livable, it would be uncomfortable and require significant rehabilitation for a new owner, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: Features two standalone, tenant-occupied homes on a single lot, providing immediate and stable rental income for investors.
Significant Value-Add Potential: The property explicitly offers 'potential to add value through renovation,' appealing to buyers looking to build equity and maximize returns.
Flexible Occupancy Options: The configuration allows for diverse strategies, including living in one unit and renting the other, or renting both, broadening its appeal to both owner-occupants and pure investors.
High-Demand Market Location: Situated in Los Angeles (90011), described as a 'high-demand rental market,' ensuring strong tenant interest and potential for long-term appreciation.
Practical Amenities: The property is gated and offers off-street parking, enhancing security and convenience, which are valuable features in an urban setting.
Cons
Condition Requires Investment: The description notes that 'some repairs are needed,' indicating an immediate capital expenditure for the buyer and potential for unforeseen renovation costs.
Historic Property Maintenance: Built in 1906, the property's age suggests potential for outdated systems (e.g., plumbing, electrical) and higher ongoing maintenance or upgrade costs compared to newer constructions.
Tenant-Occupied Complications: While providing income, the current tenant-occupied status could complicate immediate owner-occupancy plans or extensive renovation projects, potentially requiring lease negotiations or tenant relocation.