3456 Plata St, Los Angeles, CA 90026
Bungalow-Style Fourplex in a Rapidly Evolving 90026 Corridor
3456 Plata St presents a bungalow-style fourplex investment opportunity located in the heart of 90026, approximately half a mile from Virgil Avenue and within one of Los Angeles’ most culturally vibrant residential corridors. The surrounding neighborhood has evolved into a destination for both locals and visitors, driven by a growing concentration of independent restaurants, cafés, and neighborhood retail that continue to support strong tenant demand.
Tenants at 3456 Plata St are minutes from some of the area’s most recognized food and beverage concepts, including Sqirl, Courage Bagels, Bolita, and Voodoo Vin. Just one mile north, Sunset Boulevard and Silver Lake’s established creative and retail ecosystem further reinforce the location’s long-term appeal. This proximity to multiple demand drivers positions 3456 Plata St within a pocket of 90026 that continues to benefit from momentum and sustained renter interest.
Classic 1920s Bungalow Fourplex With Diverse Unit Mix
Built in 1925, 3456 Plata St is a classic bungalow-style fourplex that reflects the architectural character of the surrounding neighborhood. The property consists of one two-bedroom unit, one one-bedroom unit, and two studio units, offering a balanced unit mix that appeals to a wide range of renter profiles.
Each unit features wood flooring and large windows that provide abundant natural light. The two-bedroom unit includes a private rear patio, creating an outdoor extension of the living space that is particularly attractive to long-term tenants seeking privacy and flexibility. The bungalow-style configuration preserves a residential scale that aligns with the surrounding streetscape and supports durable tenant demand.
On-Site Amenities and Functional Site Features
Property amenities at 3456 Plata St include approximately three on-site parking spaces and community laundry. While modest, these features remain meaningful in a neighborhood where parking is often limited and operational efficiency is a priority for both tenants and owners.
The site layout and unit configuration support straightforward management while maintaining the character-driven appeal that defines this portion of 90026.
Significant Rental Upside and Accessible Entry Pricing
From an investment standpoint, 3456 Plata St offers clear value-add potential. Current rents are positioned approximately 47% below market, providing a defined path to income growth through renovation-driven rent increases over time. At projected market rents, the property is expected to stabilize at a 6.64% CAP rate and an 11.09 GRM.
Following a recent price reduction, 3456 Plata St is the lowest-priced fourplex in the 90026 ZIP code. This pricing positions the asset as an accessible entry point for investors seeking exposure to a neighborhood defined by cultural relevance, tenant demand, and long-term growth potential, without competing at peak pricing levels seen closer to core Silver Lake.
Conclusion: Lowest-Priced Fourplex Opportunity in 90026
3456 Plata St offers a rare opportunity to acquire a character-rich bungalow fourplex with substantial rental upside in one of Los Angeles’ most dynamic residential corridors. The combination of a diverse unit mix, classic 1920s architecture, proximity to Virgil Avenue and Silver Lake amenities, and meaningful rent growth potential positions 3456 Plata St as a compelling investment for buyers seeking both current value and long-term appreciation in 90026
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$1,050,000
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