1344 W 4th St, Los Angeles, CA 90017
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1344 W 4th St, Los Angeles, CA 90017
1344 W 4th St, Los Angeles, CA 90017
1344 W 4th St, Los Angeles, CA 90017
1344 W 4th St, Los Angeles, CA 90017
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$ 4,449,000
Est. payment /mo
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1344 W 4th St Los Angeles, CA 90017

20 Baths

7,700 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,700 sqft

Price per Sqft $577

MLS Listing ID 26830501

Year Built 1922

Lot Size 5,414 Sqft

Acres 0.1243

Property Sub-Type Multi-Family

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 Downtown L.A.

Zoning LACW

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment None

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Global Platinum Properties, Inc.

NEARBY SCHOOL & BUSINESS

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1344 W 4th St

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Name

Name

Phone*

Phone

Message

Message
Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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