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4354 Prospect Avenue — Los Angeles — 5 Beds • 3 Baths • 1,932 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+16 more

$1,249,000

8 DOM

$646/sqft5 bd3 ba1,932 sqft

Call

4354 Prospect Ave Los Angeles, CA 90027

6,753sqft lot

Nestled in the heart of Los Feliz, this charming multi-family property offers a unique opportunity for savvy investors seeking rental income in one of Los Angeles' most desirable neighborhoods. The property features two detached Craftsman bungalows, each brimming with character and updated to meet modern standards. The front house (4354 Prospect Ave) is home to a wonderful tenant that is paying an attractive rental rate. The tenant in the back house (4356 Propspect Ave) will be vacating at the of April, 2026. The property's incredible location, just east of Hillhurst Avenue, places residents close to local attractions such as the iconic Vista Theater, Home Restaurant, and The Guest House. Each unit boasts its own laundry facilities, adding convenience for tenants and potentially increasing rental value. The gated property provides driveway parking for each unit, a coveted amenity in this bustling urban area. For those with an eye on future development, a detached converted garage has approved plans and permits for an ADU. The property's Craftsman aesthetic lends a timeless appeal, while recent updates ensure modern comfort. With its prime location and strong rental potential, this multi-family gem presents an excellent opportunity for investors looking to expand their portfolio in one of LA's most vibrant communities. This property isn't just an investment; it's a slice of Los Feliz life, served up with a side of potential and a dash of charm.

MLS 26673547

833-762-8781 (Office) 310-927-0095 (Cell) corey@robustrealestate.com

Est. payment

$7,981/mo

Principal & interestTaxesInsurance

$6,316$1,301$364

Down %

Rate %

Years

Down payment: $249,800 · Total cost: $2,523,425

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,981/mo

Principal & interest: $6,316
Est. property tax: $1,301
Est. insurance: $364
Down payment: $249,800

Est. gross rent$5,204/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,777/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.