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4048 Garden Ave, Los Angeles, CA 90039
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4048 Garden Ave Los Angeles, CA 90039

$1,950,000
  • 8 Beds
  • 7.75 Baths
  • 3,913 Sq.Ft.
Back Up Offer
$1,950,000 Get Pre-Qualified
Map preview of 4048 Garden Ave, Los Angeles, CA 90039

Property Overview: 4048 Garden Ave Los Angeles, CA has 8 bedrooms, 7.75 bathrooms, 3,913 living square feet and 5,120 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Back on the market!!! PROPERTY WILL BE DELIVERED WITH TWO VACANT UNITS! Looking for an income generating investment property that pays the mortgage for you? Look no further, this turnkey multi-unit complex is located in Los Feliz, near the Atwater Village area. This quadruplex will attract high quality tenants very fast! With Griffith Observatory, Adams Square and Glassel Park nearby this is a very sought after location. It is conveniently located around the corner from nearby restaurants, grocery stores, shops and the I-5 freeway. Perform the ultimate house hack by living in one unit and renting the other three out! Upgrades include but are not limited to, all four units having new copper plumbing, new water heater, bathrooms have been remodeled and all four units have updated flooring. Kitchens have new granite and quartz countertops. Great curb appeal with new exterior paint and artificial turf. Property includes a community laundry room downstairs with a commercial washer and dryer. This quadruplex offers the following: Unit 1: 3 bedrooms 2.5 bathrooms Unit 2: 1 bedroom 1 bathroom Unit 3&4: 2 bedrooms 2 bathrooms. Tenants currently pay for gas and electricity and owner pays for water and outside electricity. Do not disturb tenants.

Listed by Sean Ferdowsian | BRE #02098433 | The Agent and Company
Last checked: 40 seconds ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 82
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Home details

Lot Sq. Ft
5,120
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Fourplex
Status
Back Up Offer
MLS#
PW24029470
City
Los Angeles
County
Los Angeles
Time on Site
81 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,049
  • Total Rent: $2,049
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,267
  • Total Rent: $2,267
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,612
  • Net Operating Income: $118,812
  • Gross Operating Income: --
  • Laundry Income: $700
Annual Expense Breakdown
  • Total Operating Expense: $1,800
  • Trash: $0
  • Insurance: $1,300
  • Water/Sewer: $1,200

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Property Details for 4048 Garden Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Outside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Double Oven, Gas Oven, Gas Range, Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Asphalt, Flat, Spanish Tile
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport, Driveway
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5594005029
  • Year Built Source: Public Records
  • Architectural Style: Custom Built, Spanish
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Los Feliz and Garden Ave
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Dog Park, Hiking, Park
View more facts & features

Local Los Angeles Agent

Sale History for 4048 Garden Ave

Last leased for $2,200 on September 20th, 2021

  • May, 2024

  • May 3, 2024

    Date

    Back Up Offer

    CRMLS: PW24029470

    $1,950,000

    Price

  • Feb 11, 2024

    Date

    Active

    CRMLS: PW24029470

    $1,995,000

    Price

  • February, 2024

  • Feb 11, 2024

    Date

    Withdrawn

    CRMLS: PW23213323

    $3,990

    Price

  • Dec 7, 2023

    Date

    Active

    CRMLS: PW23213323

    $4,295

    Price

  • Listing provided courtesy of CRMLS

    Spacious front unit of a quadplex available for lease just in time for the holidays in the sought after Los Feliz area. This recently upgraded two-story unit has a formal living and dining room area on the ground level as well as three good size bedrooms upstairs. Thiis unit comes equipped with two parking spots, washer and dryer hookup inside the unit and is a generous 1,381 Sq Ft.

  • February, 2024

  • Feb 11, 2024

    Date

    Withdrawn

    CRMLS: PW23223250

    $2,100

    Price

  • Dec 8, 2023

    Date

    Active

    CRMLS: PW23223250

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Comfortable side unit in a quadplex available for lease just in time for the holidays in the sought after Los Feliz area. This recently upgraded single story unit has an open floorplan concept with a newer wall A/C unit. Thiis property comes equipped with one parking spot as well as access to plenty of street parking. As you enter the unit you will be in your living/ dining room area. In front of your living room is a good-sized full kitchen and to the right of that will be your spacious bedroom and bathroom. Don't wait to schedule your private showing, this unit will not last long.

  • February, 2022

  • Feb 22, 2022

    Date

    Canceled

    CRMLS: PW21241167

    $3,900

    Price

  • Nov 2, 2021

    Date

    Active

    CRMLS: PW21241167

    $4,100

    Price

  • Listing provided courtesy of CRMLS

    Fully Renovated 3 Bedroom, 2.5 Bath 1,381 Sqft Property in Atwater Village. New wood flooring, paint, & upgraded bathrooms/showers. Huge kitchen/dinning area + Central A/C & Heating. Walking distance to many cafes, Atwater Village, Echo Park, Silver Lake, LA Zoo, Costco, etc. Also includes a Back Patio & 2 Personal Parking spaces Washer & Dryer are onsite

  • September, 2021

  • Sep 16, 2021

    Date

    Active

    CRMLS: PW21170624

    $4,250

    Price

  • Sep 13, 2021

    Date

    Withdrawn

    CRMLS: PW21170624

    $4,250

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: PW21170624

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Renovated 3BR, 2.5Bth 2 story building in Atwater Village. Refurbished, new laminate wood flooring, bathrooms have been upgraded, full kitchen with appliances, pantry & breakfast nook. 2 Car Parking! & Central A/C Walking distance to many cafes, restaurants, Costco, Best Buy, Starbucks and more. Short distance, nice bike ride to Griffith Park. Easy access to freeways, Hollywood, Silverlake and Echo Park. (Laundry room is shared with other tenants) This will go very fast!

  • September, 2021

  • Sep 16, 2021

    Date

    Price Change

    CRMLS: PW21170284

    $2,100

    Price

  • Sep 16, 2021

    Date

    Active

    CRMLS: PW21170284

    $2,200

    Price

  • Sep 13, 2021

    Date

    Withdrawn

    CRMLS: PW21170284

    $2,200

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: PW21170284

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Renovated 1BR, 1Bth on lower level of building in Atwater Village. Refurbished, new laminate wood flooring, bathroom recent updated + Open Floor plan. 1 Car Parking, Lots of natural lighting, with A/C Walking distance to many cafes, restaurants, Costco, Best Buy, Starbucks and more. Short distance, nice bike ride to Griffith Park. Easy access to freeways, Hollywood, Silverlake and Echo Park. (Laundry room is shared with other tenants)

  • July, 2021

  • Jul 31, 2021

    Date

    Sold

    CRMLS: TR20249795

    $1,650,000

    Price

  • Jul 9, 2021

    Date

    Pending

    CRMLS: TR20249795

    $1,798,000

    Price

  • Jun 17, 2021

    Date

    Active Under Contract

    CRMLS: TR20249795

    $1,798,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: TR20249795

    $1,798,000

    Price

  • May 11, 2021

    Date

    Active Under Contract

    CRMLS: TR20249795

    $1,798,000

    Price

  • Apr 4, 2021

    Date

    Pending

    CRMLS: TR20249795

    $1,798,000

    Price

  • Mar 3, 2021

    Date

    Active Under Contract

    CRMLS: TR20249795

    $1,798,000

    Price

  • Dec 2, 2020

    Date

    Active

    CRMLS: TR20249795

    $1,798,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the market with NO FAULT to the seller. Looking to find a place that pays the mortgage for you? Well, here it is. First time on the market since owner built it in 1971. Located in the Atwater Village area with 4 units that offers a 3 bed, 2.5 bath towne home style owner's suite. Live in One and allow the other 3 units to cover the mortgage or maintain all 4 with tenants to generate some passive income. All four units have new copper plumbing, new electrical, new roof, new water heater, bathrooms have been remodeled, and 3 of the units have updated flooring. Kitchens have newer solid surface counters (Granite and Quartz). Plus 6 parking spaces on property. Surrounded by Griffith Park, Los Feliz, Adams Square and Glassel Park, making it an ideal location plus within walking distance to nearby restaurants, shops, services and conveniently located near freeway access. Please do not disturb tenants and all COVID 19 guidelines will be followed.

  • December, 2020

  • Dec 21, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2020

  • Dec 21, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4048 Garden Ave

Assessed Value (2020): $135,490
Year Land Value Improved Value Assessed Value
2020 $36,506 $98,984 $135,490

Home Value Compared to the Market

This property vs the competition

4048 Garden Ave is listed 59.18% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $498.34 per/sqft which puts the price per square foot 35.62% lower than the median price per square foot for the city of Los Angeles.

About 4048 Garden Ave

Detailed summary of property

4048 Garden Ave is a fourplex located in Los Angeles, CA 90039 and is currently in escrow to be sold. This fourplex offers 8 bedrooms, 7.75 bathrooms, roughly 3,913 living square feet, and sits on an approximately 5,120 square foot lot. 4048 Garden Ave was first listed on ArdentRealEstateGroup.com on February 11, 2024. The homeowner is currently asking $1,950,000 and was originally asking $1,995,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.18% higher than the median priced home. Local competing homes currently for sale include 4534 Kingswell Ave, 1424 N Hoover St and 2241 Ewing St. While the average home in Los Angeles, CA is selling in 96 days, 4048 Garden Ave has a days on market of 82 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4048 Garden Ave Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4048 Garden Ave

Public county record property details
Beds
8
Baths
5
Year built
1971
Sq. Ft.
3,913
Lot Size
5,118
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
5594-005-029

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,799,000
Median List Price/Sq.Ft.
$964
Median Sold Price
$1,505,000
Median Sold Price/Sq.Ft.
$1,136
Total Inventory
51
Median Sale to List Price %
113.58%
Avg Days on Market
20
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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