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$ 1,550,000
Est. payment /mo
Active
4051 W 4th Street Los Angeles, CA 90020
8,259 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,259 sqft
Price per Sqft $187
MLS Listing ID CL25631725
HOA Y/N No
Year Built 1927
Lot Size 8,838 Sqft
Acres 0.2029
Property Sub-Type Other
Property Description
A unique opportunity to acquire a sizable multifamily asset in the core of Koreatown. Located at 4051 to 4065 West 4th Street, this property is one of the largest 8 unit buildings in the area, offering approximately 13,428 gross building square feet with each one bedroom one bathroom unit exceeding 1,000 square feet. Positioned prominently on the corner of 4th Street and Harvard Boulevard, the building features excellent corner lot curb appeal and strong visibility. The property offers individually metered units, 6 on site parking spaces, and ample street parking for residents and guests. The exterior has been exceptionally well-maintained and includes an upgraded roof, providing peace of mind for incoming ownership. While the exterior has been thoughtfully cared for, the interiors present a compelling value add opportunity combined with below market rents. Investors can capitalize on over 100% rental upside potential in one of Los Angeles' most in-demand rental submarkets, with an attractive current CAP of over 4.6%.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5503006001
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Listed by Coby Chatwin • Link Brokerages
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