4421 Wall St, Los Angeles, CA 90011

Property Description

[Short Sale] ***FHA Eligible Triplex @ $720,000 and 6.3% CAP on Current Rents*** 4421 Wall is a well-maintained triplex that blends modern upgrades with flexible ownership potential. Located minutes from Downtown Los Angeles, USC, the Coliseum, and LA Live, the property offers tenants a central address with convenient access to major job centers, schools, and transportation routes. Proximity to the 10 and 110 Freeways, along with nearby transit options, enhances connectivity across the city. The unit mix attracts a broad renter base, including a vacant, fully renovated 1-bedroom, 1-bath unit that is ideal for an owner-user pursuing FHA financing or for immediate lease-up at market rent. Interiors showcase updated kitchens with quartz countertops, stainless-steel appliances, wood-laminate flooring, and refreshed bathrooms with new vanities and finishes. The second 1-bdrm. unit is home to a Section 8 tenant paying $1,441 monthly. Finally, a renovated 2-bdrm unit achieves $2,195 monthly. Recent building upgrades include a new electrical panel, upgraded wiring, tankless water heaters, and mini-split air conditioning in all units. A motorized driveway gate secures approx. four surface parking spaces on a repaved driveway, while tenants cover all utilities directly (electric, gas, and trash), with water reimbursed through a RUBS program. 4421 Wall Street presents investors and owner-users with the opportunity to acquire a stabilized, upgraded triplex with FHA financing eligibility, modernized systems, and clear pathways for income growth through strategic lease-up and long-term repositioning.