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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

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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
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 34616294

  • Date on Market: 2025-01-27

  • Last Updated:

  • Address: 3456 Plata St, Los Angeles, CA 90026

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