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4920 Druid Street, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

4920 Druid Street, Los Angeles, California 90032 home-pic-0
ACTIVE$900,000
4920 Druid Street, Los Angeles, California 90032
0Bed
0Bath
3,092Sqft
5,048Lot
Year Built
1964
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
OC25177809
Home ConditionPoor
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $900.0K(67th), sqft - 3092(92th), beds - undefined(50th), baths - undefined(50th).

Investor opportunity in the heart of El Sereno! This four-unit multifamily property features four spacious 2-bedroom, 1-bath units totaling approximately 3,092 sq ft on a 5,048 sq ft lot. Built in 1964 and located near Cal State LA, Downtown LA, and the LA Bioscience Corridor, this value-add asset offers significant upside. Three units are tenant-occupied at $940/month (month-to-month), and one unit is currently vacant. Projected market rents are $1,800+/mo per unit. Property includes gated parking for 4 vehicles (carport), separate electric meters, and low owner-paid expenses. Cosmetic improvements could quickly increase income. Zoned LARD1.5 and subject to LA Rent Stabilization Ordinance (RSO). Do not disturb tenants. Do not disturb tenants. Drive by only. Vacant unit can be shown ONLY WITH SUBMITTED OFFER.

Price History

Date
Event
Price
08/21/25
Listing
$900,000
Condition Rating
Poor
Built in 1964, this property is 60 years old. The description explicitly states it's a 'value-add asset' where 'cosmetic improvements could quickly increase income,' indicating a need for substantial rehabilitation rather than minor updates. The absence of interior photos, especially for the vacant unit, strongly suggests that the kitchens, bathrooms, and other interior spaces are significantly outdated, likely original or last renovated decades ago, requiring full overhauls. The exterior images show a dated and utilitarian building with minimal aesthetic appeal. This condition aligns with the 'Poor' category, which requires substantial repairs and rehabilitation to bring it to modern standards and maximize its income potential.
Pros & Cons

Pros

Strong Value-Add Potential: Significant upside exists as current rents ($940/month) are substantially below projected market rates ($1,800+/month), allowing for substantial income growth through cosmetic improvements.
Multifamily Income Stream: As a four-unit property, it offers diversified rental income, enhancing investment stability and cash flow potential compared to single-family or duplex properties.
Strategic Location: Located in El Sereno, with close proximity to Cal State LA, Downtown LA, and the LA Bioscience Corridor, ensuring strong rental demand and potential for long-term appreciation.
Immediate Vacancy for Renovation: One unit is currently vacant, providing an immediate opportunity for renovation and re-leasing at market rates, accelerating the value-add process and income generation.
Operational Efficiencies: The property includes gated parking for 4 vehicles and separate electric meters, contributing to tenant appeal, security, and reduced owner-paid utility expenses.

Cons

Rent Stabilization Ordinance (RSO) Restrictions: Subject to the LA Rent Stabilization Ordinance, which can limit rent increases and tenant management flexibility, potentially complicating the value-add strategy and future rent growth.
Limited Access for Due Diligence: Strict showing restrictions ('Do not disturb tenants. Drive by only. Vacant unit can be shown ONLY WITH SUBMITTED OFFER') make thorough pre-purchase inspection and assessment challenging.
Required Capital for Improvements: The property explicitly requires 'cosmetic improvements' to achieve projected market rents, indicating a necessary upfront capital investment for the buyer beyond the purchase price.

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