14
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$4,449,000
Est. payment /mo
20 Baths
7,700 SqFt
New
1344 W 4th ST Los Angeles, CA 90017
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $577
MLS Listing ID 26830501
HOA Y/N No
Year Built 1922
Lot Size 5,414 Sqft
Property Description
Renovated 20-unit apartment building cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10% Cap Rate after taking into account all constructions costs (~312k assuming $340/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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LACW
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5152003013
Special Listing Condition Standard
Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872
NEARBY SCHOOL & BUSINESS
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