Los Angeles, CA 90065 1418 1424 Isabel Street
$1,250,000
5 more
Presented By: Artak Dovlatyan with Specialized Realty; 818-546-1212
Beds • 4
Baths • 4
SQFT • 1,637
Year Built • 1923
Home Details
Specialized Realty proudly presents the sale of 1418-1424 Isabel St., an updated 4-unit income property with plans for two (2) 1bd/1 ba ADUs adding to the tremendous upside! Located in the highly coveted renter’s pocket of Glassell Park, it is an amazing investment opportunity to acquire a property strategically nestled between Eagle Rock, and Atwater Village, minutes away from Dodger Stadium and DTLA! The property consists of four (4) one (1) bed one (1) bath units covering 1,637 SF of building area on a sizeable 9,000 SF lot Zoned R1. Current gross rents total $7,347/mo, with 3 out of 4 tenants paying market value. This is a great opportunity to acquire an income property in an emerging market, priced to sell for only $312,500 a door with the ability to add 2 more units.
Presented By: Artak Dovlatyan with Specialized Realty; 818-546-1212
Interior Features for 1418 1424 Isabel Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore, NoOneAbove, NoOneBelow
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup, Inside
Total Stories1
Other Rooms
Entry Level1
General for 1418 1424 Isabel Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Y/NNo
CityLos Angeles
Community FeaturesStormDrains
CountyLos Angeles
Current FinancingConventional
DirectionsCypress Ave to Asbury Street to Isabel Street
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income88164.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2620.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsConventional
Lot Size Square Feet9004.0
Lot Size UnitsSquareFeet
MLS Area623 - Glassel Park
MobileHomeRemainsYNNo
Net Operating Income63027.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense25137.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot41
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent88164.0
Trash Expense0.0
Water Sewer Expense3366.0
Year Built1923
Year Built SourcePublicRecords
ZoningLAR1
Exterior for 1418 1424 Isabel Street
Building Area Total1637.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard
Lot Size Acres0.2067
Lot Size Area9004.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesSharedDriveway, SideBySide
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,250,000
MLS#GD25069955
List Date
03/31/2025
Property Type
Multi-Family
Phone
(310) 963-5595
