4354 Prospect Avenue, Los Angeles, CA 90027

Nestled in the heart of Los Feliz, this charming multi-family property offers a unique opportunity for savvy investors seeking rental income in one of Los Angeles’ most desirable neighborhoods. The property features two detached Craftsman bungalows, each brimming with character and updated to meet modern standards. The front house (4354 Prospect Ave) is home to a wonderful tenant that is paying an attractive rental rate. The tenant in the back house (4356 Propspect Ave) will be vacating at the of April, 2026. The property’s incredible location, just east of Hillhurst Avenue, places residents close to local attractions such as the iconic Vista Theater, Home Restaurant, and The Guest House. Each unit boasts its own laundry facilities, adding convenience for tenants and potentially increasing rental value. The gated property provides driveway parking for each unit, a coveted amenity in this bustling urban area. For those with an eye on future development, a detached converted garage has approved plans and permits for an ADU. The property’s Craftsman aesthetic lends a timeless appeal, while recent updates ensure modern comfort. With its prime location and strong rental potential, this multi-family gem presents an excellent opportunity for investors looking to expand their portfolio in one of LA’s most vibrant communities. This property isn’t just an investment; it’s a slice of Los Feliz life, served up with a side of potential and a dash of charm.