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… Read More 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%. Read Less
Property listed by Link Brokerages, Coby Chatwin 310-259-7556
Listing Snapshot
Days Online
69
Last Updated
Beds
8
Square Ft.
8,259
Lot Size
0.2 Acres
Year Built
1927
MLS Number
25631725
Additional Details
Building
Built in 1927, Living area: 8259.0, 1 building, 2 stories, Levels: Two
Cooling
None
Income
Gross Income: $130,908, Net Operating Income: $87,642
Lot
0.2029 acres
Parking
6 open parking spaces, 6 total parking spaces, Driveway
Pool
None
Taxes
Parcel Number: 5503006001, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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