4421 Wall St, Los Angeles, CA 90011
FHA-Eligible Triplex With Owner-User Optionality Near Downtown Los Angeles
4421 Wall St presents a well-maintained triplex offering a blend of modern upgrades, stabilized income, and owner-user flexibility in a centrally located South Los Angeles submarket. Positioned just minutes from Downtown Los Angeles, USC, the Los Angeles Memorial Coliseum, and LA Live, the property benefits from proximity to major employment centers, educational institutions, and year-round entertainment venues.
The location of 4421 Wall St also provides convenient access to the 10 and 110 Freeways, along with nearby public transit routes, supporting connectivity across Los Angeles. This central positioning continues to attract a broad tenant base seeking accessibility to work, school, and transportation.
Flexible Unit Mix With Vacant Owner-User Opportunity
The unit mix at 4421 Wall St is designed to appeal to both investors and owner-users. The property includes a vacant, fully renovated one-bedroom, one-bath unit that is ideal for an owner-user pursuing FHA financing or for immediate lease-up at market rent. This vacancy introduces flexibility rarely available in stabilized triplex offerings.
The remaining units include a one-bedroom unit occupied by a Section 8 tenant paying $1,441 per month and a renovated two-bedroom unit achieving $2,195 per month. This combination provides a stable income base while maintaining the ability to optimize rents over time.
Renovated Interiors and Modern Building Systems
Interiors at 4421 Wall St have been upgraded to support long-term durability and tenant appeal. Renovated units feature updated kitchens with quartz countertops, stainless-steel appliances, and wood-laminate flooring. Bathrooms have been refreshed with new vanities and modern finishes, creating clean, functional living environments.
Recent building improvements include a new electrical panel, upgraded wiring, tankless water heaters, and mini-split air conditioning systems installed in all units. These upgrades reduce near-term capital expenditure risk and enhance operational efficiency for future ownership.
Parking, Utilities, and Operational Efficiency
4421 Wall St offers approximately four surface parking spaces secured by a motorized driveway gate on a repaved driveway. Secure on-site parking is a meaningful amenity in this portion of South Los Angeles and supports tenant retention.
Tenants are responsible for electric, gas, and trash utilities directly, with water reimbursed through a RUBS program. This utility structure minimizes owner expense exposure and supports predictable operating performance.
In-Place Income With FHA Financing Eligibility
From an investment perspective, 4421 Wall St is offered at a 6.3% CAP rate on current rents, providing immediate in-place yield. FHA eligibility further expands the buyer pool by allowing qualified owner-users to pursue lower down payment financing options, subject to lender approval.
The combination of a vacant renovated unit, stabilized tenancy, modernized systems, and utility reimbursement creates clear pathways for income growth through lease-up and long-term rent optimization.
Conclusion: Upgraded Triplex With Owner-User Flexibility in a Central Location
4421 Wall St represents an opportunity to acquire a stabilized, upgraded triplex with FHA financing eligibility and owner-user optionality in a centrally located South Los Angeles corridor. The renovated interiors, modern building systems, secure parking, and efficient utility structure position 4421 Wall St as a compelling option for buyers seeking current income, flexibility, and long-term value creation near Downtown Los Angeles and USC.
Marketing Package:
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Property Location
Listed Price
$765,000
Information
Number of Units
Price per. Unit
Current CAP
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