457 N Stanley, Los Angeles, CA 90036
457 N Stanley, Los Angeles, CA 90036
457 N Stanley, Los Angeles, CA 90036
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,750,000
Est. payment /mo
6,364 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26183908

HOA Y/N No

Year Built 1939

Lot Size 6,364 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional four-unit investment and owner-user opportunity in the highly desirable Hancock Park / 90036 submarket, just blocks from Melrose and moments from The Grove, Beverly Grove, West Hollywood, shopping, dining and entertainment. Situated on an approximately 6,362 SF LARD1.5 lot, this classic Los Angeles fourplex offers tremendous long-term value-add potential in one of the city's most sought-after infill locations. One unit is currently vacant, creating an outstanding opportunity for an owner-user to live in the property while generating income from the three remaining units. For the investor, existing rents provide significant future upside as the property currently reflects legacy rental income well below the potential of this prime location. The generous lot and zoning may also offer potential for an ADU, additional improvements, or future redevelopment, subject to Buyer verification of zoning, density, permits, tenant regulations and all applicable City and State requirements. The surrounding neighborhood continues to experience substantial reinvestment, renovation, and new development, further enhancing the long-term appeal of this location. Whether your strategy is owner occupancy, rental repositioning, long-term hold, ADU/value-add improvements or future redevelopment, this property offers multiple paths to create value. Four legal units, one delivered vacant, valuable land, tremendous rental upside and an irreplaceable central Los Angeles location.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Interior

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Concrete, Door-Multi, Driveway, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5527026040

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard, Trust

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Listed by Michael Hrezo RE/MAX of Santa Clarita 661-212-9900, DRE #01204922

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