Investment Overview / Executive Summary Exceptional four-unit investment and owner-user opportunity in the highly desirable Hancock Park Submarket 90036, just blocks from Melrose Avenue and moments from The Grove, Original Farmers Market, Beverly Grove, West Hollywood, premier shopping, dining and entertainment. Situated on an approximately 6,362 SF RD1.5-1-O lot, this classic Los Angeles fourplex presents a compelling combination of immediate usability, long-term rental growth and future value-creation potential in one of Central Los Angeles' most sought-after infill locations. One unit is currently delivered vacant, creating an outstanding opportunity for an owner-user to occupy the property while benefiting from income generated by the remaining three units. For the investor, the existing tenancies reflect legacy rents with significant long-term upside, providing an attractive repositioning opportunity in a submarket characterized by strong tenant demand and limited multifamily supply. The property's generous lot, detached garage/parking area and zoning may also provide potential for an ADU, additional improvements, density enhancement or future redevelopment, subject to independent Buyer investigation and verification of zoning, historic-district requirements, RSO regulations, tenant protections, density, permits and all applicable City and State requirements. The surrounding neighborhood continues to experience substantial reinvestment and modern redevelopment, reinforcing the long-term desirability and underlying land value of the property. Whether the strategy is owner occupancy, rental repositioning, long-term hold, ADU/value-add improvements or future redevelopment, 457 N. Stanley Avenue offers multiple paths to value creation.