Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1927
Sq.Footage
8,259
PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties: 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6)3421-3427 S Norton Ave 90018.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 5.5%.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Driveway
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Size(acres)
0.2029
-
Property Type
Residential Income
Price
-
Sales Price
$1,590,529
-
Sq. Footage
8, 259
-
Price/SqFt
$192
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Coby Chatwin , Link Brokerages
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