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4728 York Boulevard, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

4728 York Boulevard, Los Angeles, California 90042 home-pic-0
ACTIVE$4,000,000
4728 York Boulevard, Los Angeles, California 90042
0Bed
0Bath
2,312Sqft
7,126Lot
Year Built
1962
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$1,730
HOA
-
Days on market
-
Sold On
-
MLS number
RS24245494
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $4.00M(92th), sqft - 2312(62th), beds - undefined(50th), baths - undefined(50th).

Here’s your chance to own a fantastic residential income property in one of Los Angeles most desirable locations! Whether you're a seasoned investor or just starting out, this is an ideal opportunity to break into a high-demand rental market with room to grow. This property is sold "as is" condition and MUST be purchased with the adjacent lot (APN: 5474-017-016), which is zoned LAC4 for commercial use. C4! C4! C4! C4! Together, these properties create endless possibilities for development, expansion, or mixed-use projects. (examples - barber shop, hotel, day care center, apartments) Nestled in a vibrant area, the property offers unbeatable access to the natural beauty of the Arroyo Seco parks and trails, the trendy hotspots of Highland Park and Pasadena , and a seamless commute via the 110 Freeway or nearby Gold Line Metro Station. This location is a dream for tenants looking for convenience and lifestyle. Minutes away from Eagle Rock, Glassell Park, Glendale, DTLA, Dodger stadium - you have it all! This high-demand neighborhood is experiencing a wave of new developments, making it a prime location for your next investment. The property is being sold in "as-is" condition, with long-term tenants in place.

Price History

Date
Event
Price
03/27/87
Sold
$295,000
Condition Rating
Tear down
Built in 1962, this property is over 60 years old and is explicitly sold 'as-is' with long-term tenants, indicating no significant recent renovations. The listing heavily emphasizes the development potential of the land, especially with the mandatory purchase of an adjacent C4 commercial lot, suggesting the value lies primarily in the land. The absence of interior photos, particularly of the kitchen and bathrooms, combined with the age and 'as-is' condition, strongly implies that the existing structures are severely outdated and would require extensive, costly rehabilitation, making demolition a more economically viable option for redevelopment.
Pros & Cons

Pros

Exceptional Development Potential: The mandatory purchase of an adjacent C4 commercially zoned lot (APN: 5474-017-016) unlocks immense possibilities for mixed-use, commercial, or expanded residential development, offering significant future value.
Prime & High-Demand Location: Situated in a highly desirable, vibrant, and developing neighborhood in Los Angeles (Highland Park), with excellent access to trendy hotspots, natural amenities (Arroyo Seco parks), and a robust rental market.
Residential Income Property: Currently operating as a duplex, the property provides immediate rental income in a high-demand market, appealing to investors seeking cash flow.
Excellent Accessibility & Connectivity: Offers seamless commute options via the 110 Freeway and Gold Line Metro Station, plus close proximity to key LA areas like DTLA, Dodger Stadium, Eagle Rock, and Glendale.
Future Growth & Investment Opportunity: Located in a neighborhood experiencing a wave of new developments, indicating strong appreciation potential and a robust environment for long-term investment.

Cons

As-Is Condition: The property is sold in 'as-is' condition, implying potential for immediate and significant renovation, repair, or upgrade expenses for the buyer.
Mandatory Paired Purchase & High Entry Cost: The requirement to purchase the adjacent C4 commercially zoned lot significantly increases the overall acquisition cost, making it a high-capital entry point that may narrow the buyer pool.
Existing Long-Term Tenancy: The presence of long-term tenants could pose challenges for immediate redevelopment plans or rent optimization, potentially requiring complex negotiations or legal processes.

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