New Listing
1344 W 4th Street,Los Angeles, CA 90017
Los Angeles, CA 90017
Description
Huge 500k Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 9% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 11% Cap Rate after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.
Details
| MLS # | 26924643 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 1 |
| Listing Provided By | Global Platinum Properties, Inc. | Julio Ruiz |
Features
| Bath(s) | 20 |
|---|---|
| SQ Feet | 7,700 |
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 1 |
| Zoning | LACW |
| Acreage | 0.12 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90017 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90017) | |
Price: $3,995,000 low | high Med: $477,000 sqft: 7,700 low | high Med: 1,180 $ / sqft: $519 low | high Med: $404 On site: 1 low | high Med: 178 | |
Market Activity 90017
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90017 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90017) | |
Price: $3,995,000 low | high Med: $477,000 sqft: 7,700 low | high Med: 1,180 $ / sqft: $519 low | high Med: $404 On site: 1 low | high Med: 178 | |
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