4634 Strang Ave, Los Angeles, CA 90022

Studio-- baths4,876 sqft

For Sale
$1,200,000
Zestimate®: $1,622,433
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My Notes

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NO RENT CONTROL 6 units , 4 separate buildings The unit mix consists of (5) 2 bed/ 1 bath homes, & (1) 3 bed/ 1 bath home. All units separately metered for gas & electrical. Landlord only pays for water which is about $380/month for six units. Rents have not been touched in many years which leaves them over 35% below market rent. Seller will carry first with $300,000 down payment. New tenants and market rent can bring in an IMMEDIATE $80,000+ gross annual income. Property is also a great buy & hold for DEVELOPMENT purposes with such a large lot size (19,889sqft). BRING ALL OFFERS. Seller is very motivated! Property sold as is Buyer to do all own due diligence.

Facts

  • Lot: 0.46 acres
  • Multi Family
  • Built in 1951
  • 123 days on Zillow
  • Views: 1,191 all time views
  • 5 shoppers saved this home
  • Cooling: None
  • Heating: Other
  • Price/sqft: $246
  • MLS #: 315000919_ITECH

Features

  • Flooring: Other
  • Parking: Carport, 9 spaces

    Construction

    • Exterior material: Other
    • Roof type: Other
    • Stories: 1
    • Structure type: Other
    • Unit count: 6

    Other

    • Floor size: 4,876 sqft
    • Heating: None
    • Zillow Home ID: 2142991564

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $1,622,433
    +$37,785 Last 30 days
    $1.12M
    $1.87M
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $2,200/mo
    +$142 Last 30 days
    $1.4K
    $4.1K
    Zestimate range
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    Comparable Homes

    Homes like this sold for $1.11-2.08M.

    $970K
    $2.22M

    Popularity on Zillow

    574 views since listing
    1,191 all-time (chart)
    5 shoppers saved
    this home to their list of favorites

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts 90022 home values will rise 7.1% next year, compared to a 8.4% rise for East Los Angeles as a whole. Among 90022 homes, this home is 271.4% more expensive than the midpoint (median) home, but is priced 16.6% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 90022, the number of foreclosures waiting to be sold is 34.3% higher than in East Los Angeles, and 22% less than the national average. This higher local number may prevent 90022 home values from rising as quickly as other regions in East Los Angeles.

    Learn more about forecast calculations or 90022 home values.
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      Nearby Schools in East Los Angeles

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org