1344 W 4th St, Los Angeles, CA 90017
- $3,995,000
- 20
- BA
- 7,700
- SqFt
- List Price
- $3,995,000
- MLS#
- 26924643
- Year Built
- 1922
- Bathrooms
- 20
- Living Sq. Ft
- 7,700
- Lot Size
- 5,414
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- 2
Property 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.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Ceiling Fan
- Number of Cars in Garage
- None
Mortgage Calculator
Courtesy of Global Platinum Properties, Inc., Julio Ruiz - CA DRE#01911261
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