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Lowest Priced 4plex in 90026 | $263K per Unit 3456 Plata St 4 Unit Apartment Building $1,465,716 CAD ($366,429 CAD/Unit) 3.86% Cap Rate Los Angeles, CA 90026



INVESTMENT HIGHLIGHTS
- 3456 Plata is the lowest priced fourplex in 90026
- 1.0 mile south of Sunset Blvd and the Silver Lake and Echo Park neighborhoods
- Value-add opportunity with approx. 47% rental upside, at projected market rents, the property will stabilize at a 7.28% CAP and 10.51 GRM
- 0.5 miles from Vigil Ave - home to a flourishing food scene and famous boutiques breathing new life into the community
- Built in 1925, this bungalow-style complex features (1) 2-bdrm. unit, (1) VACANT 1-bdrm. unit, and (2) studio units
EXECUTIVE SUMMARY
*** Lowest-priced fourplex in 90026*** Set half a mile from Virgil Avenue, 3456 Plata sits within reach of one of LA's most culturally vibrant corridors. The surrounding neighborhood has become a destination for locals and visitors alike, drawn to its flourishing food scene and independent retail. Within minutes, tenants have access to Sqirl's inventive California fare, Courage Bagels' New York-style classics, Bolita's modern Mexican cuisine, and Voodoo Vin's natural wine selection. Just one mile north, Sunset Boulevard and Silver Lake's creative community add another layer of appeal, reinforcing consistent tenant demand in this evolving pocket of 90026. Built in 1925, the property is a classic bungalow-style fourplex featuring (1) 2-bedroom unit, (1) 1-bedroom unit, and (2) studio units. Each unit offers wood flooring and large windows that fill the spaces with natural light. The 2-bedroom unit includes a private back patio, ideal for outdoor dining or entertaining. Property amenities include approximately 3 parking spaces and community laundry. For investors, 3456 Plata presents clear upside. Current rents are positioned approximately 47% below market, with projected stabilized returns of a 6.46% cap rate and 11.09 GRM at market rents. Following a recent $125,000 price reduction, the property is the lowest-priced fourplex in 90026, offering an accessible entry point into a neighborhood defined by momentum, culture, and long-term growth potential.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,465,716 CAD | Apartment Style | Garden |
| Price Per Unit | $366,429 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 1,520 SF |
| Cap Rate | 3.86% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.34 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 1.97/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR2 | ||
| Price | $1,465,716 CAD |
| Price Per Unit | $366,429 CAD |
| Sale Type | Investment |
| Cap Rate | 3.86% |
| Gross Rent Multiplier | 16.34 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.09 AC |
| Building Size | 1,520 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1925 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | LAR2 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,827 CAD | - |
| 1+1 | 1 | $2,506 CAD | - |
| Studios | 2 | $1,071 CAD | - |
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5401-011-005 | Total Assessment | $824,796 CAD (2025) |
| Land Assessment | $581,701 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $243,095 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5401-011-005
Land Assessment
$581,701 CAD (2025)
Improvements Assessment
$243,095 CAD (2025)
Total Assessment
$824,796 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Lowest Priced 4plex in 90026 | $263K per Unit | 3456 Plata St
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