SUCCESS STORY
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
About the Property
Located in one of the most walkable pockets of LA, 4533 Ambrose Ave presents 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 sits 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.
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
Tucked just off Hillhurst Avenue, 4533 Ambrose Ave offered the kind of hyper-local charm Los Feliz buyers dream of. With its Spanish-style architecture, character-rich details, and unbeatable walkable location, the property had all the intangibles. 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.
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.
