3456 Plata is a 1925 classic bungalow-style fourplex offering Los Angeles multifamily investors immediate cash flow, significant rental upside, and entry-level pricing in one of LA's most culturally vibrant neighborhoods. Located in the heart of 90026, 3456 Plata combines historic charm with clear value-add potential in a neighborhood experiencing sustained tenant demand and appreciation.

For Los Angeles multifamily investors, 3456 Plata represents a compelling opportunity. The combination of immediate cash flow, 47% below-market rent positioning, rent control exemption, and strong neighborhood momentum positions 3456 Plata as an attractive acquisition for investors seeking both current income and long-term appreciation in an emerging Los Angeles multifamily submarket.

Location and Neighborhood Context

3456 Plata is positioned within one of Los Angeles' most culturally vibrant neighborhoods, just half a mile from Virgil Avenue and minutes from Silver Lake's creative community. The surrounding area has become a destination for locals and visitors alike, drawn to its flourishing food scene and independent retail landscape.

Within minutes of 3456 Plata, 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 to this location.

For Los Angeles multifamily investors, the location of 3456 Plata supports consistent tenant demand and premium rental positioning. The proximity to dining, retail, and entertainment amenities creates a desirable living environment. The neighborhood's cultural momentum and ongoing investment position 3456 Plata to benefit from continued appreciation and tenant demand in this emerging pocket of 90026.

Architectural Character and Unit Mix

Built in 1925, 3456 Plata is a classic bungalow-style fourplex featuring distinctive early 20th-century character. The property comprises one 2-bedroom unit, one 1-bedroom unit, and two studio units, each averaging approximately 600-750 square feet.

Each unit at 3456 Plata features wood flooring and large windows that fill the spaces with natural light, creating bright, inviting living environments. The 2-bedroom unit includes a private back patio, ideal for outdoor dining or entertaining. This unit configuration at the Los Angeles multifamily property balances market demand with operational efficiency.

For Los Angeles multifamily investors, the unit mix at 3456 Plata appeals to diverse tenant profiles: the 2-bedroom attracts families and longer-term residents, while the 1-bedroom and studios appeal to young professionals, downsizers, and creative workers drawn to the neighborhood's cultural character.

Immediate Cash Flow and Rental Upside

For Los Angeles multifamily investors, 3456 Plata presents clear and immediate upside. Current rents are positioned approximately 47% below market, creating a significant value-add opportunity without requiring major capital expenditure or unit renovations.

At market rents, 3456 Plata projects stabilized returns of a 6.64% cap rate and 11.09 GRM. This rental upside represents a clear path to increased NOI and long-term yield enhancement for Los Angeles multifamily investors seeking immediate income growth.

Conclusion

3456 Plata represents a stabilized, well-located Los Angeles multifamily asset with clear upside in one of LA's most culturally vibrant and emerging neighborhoods. The combination of four units, immediate cash flow, 47% below-market rent positioning, historic character, and strong neighborhood momentum makes 3456 Plata attractive for Los Angeles multifamily investors seeking both current income and long-term appreciation.

The Kenny Stevens Team has extensive experience with value-add multifamily properties in emerging Los Angeles neighborhoods and can help you evaluate whether 3456 Plata aligns with your investment strategy. Contact us to discuss the opportunity and explore how 3456 Plata fits your Los Angeles multifamily investment goals.