Aerial view of rolling hills near 4533 ambrose ave, with a house and green landscape under a cloudy sky.

A LA Multifamily success story in Los Feliz

Los Feliz Triplex Sold @ $471 Per Foot & $375K Per Unit

4533 Ambrose Ave.

A prime Los Feliz location, legacy tenants, and a solution that worked for everyone involved. Learn more below.

Offering Price
$1,125,000

City

Los Feliz

Current CAP

3.95%

Price per unit

$375,000

Lot Size

5,563 SF

4533 Ambrose Ave

Offering Price

$1,125,000

Number of Units

3 Units

Bldg. Size

2,388 SF

Price per Foot

$471

Year Built

1921

Market CAP

5.77%

Zoning

LARD1.5

Background

Located in one of the most walkable pockets of LA, 4533 Ambrose Ave presented a rare and compelling opportunity to own a Spanish-style triplex in prime Los Feliz. Tucked among palm-lined streets and just steps from Hillhurst and Vermont Avenues, this property sat at the epicenter of LA's creative class. .. an area home to iconic eateries, hyper-local boutiques, and independent cafes. t's also less than a mile from Barnsdall Art Park and Griffith Park, home to trails, the Observatory, and the Greek Theatre, and just 1.5 miles from Silver Lake's Sunset Junction.

Beneath the surface, though, it needed work. Years of deferred maintenance had taken a toll; the exterior facade needed repairs, the roof required replacement, and two of the three units were occupied by long-term tenants. We had stayed in touch with the seller for several years, offering ongoing guidance as they weighed the right time to sell. When the decision finally came, they had one key request: their brother, a long-term resident, needed to remain at the property. We negotiated a revised lease agreement that preserved housing for the family member while creating clarity for the incoming buyer.

Aerial view of rolling hills near 4533 ambrose ave, with a house and green landscape under a cloudy sky.
Aerial view of rolling hills near 4533 ambrose ave, with a house and green landscape under a cloudy sky.
Aerial view of rolling hills near 4533 ambrose ave, with a house and green landscape under a cloudy sky.

Result

Once brought to market, the property drew strong interest from investors who recognized the long-term value of the site. Multiple offers followed, and we ultimately closed at $1,125,000, just shy of the list price. The buyer, represented by an outside agent, already owned assets in the neighborhood and understood the opportunity the Ambrose location represented. This deal marked our 17th closing of the year and one of three in just two weeks. Even with high rates and buyer hesitation, deals are still getting done. If you're considering a sale and want to understand your options, we're happy to start the conversation. The market may be challenging, but KST has closed 17 transactions in 2025. If you're curious about the value of your property in this market, we offer a complimentary valuation.

A panoramic view of a city skyline near 4533 ambrose ave, with lush greenery in the foreground and a clear blue sky above.
A panoramic view of a city skyline near 4533 ambrose ave, with lush greenery in the foreground and a clear blue sky above.
A panoramic view of a city skyline near 4533 ambrose ave, with lush greenery in the foreground and a clear blue sky above.

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.