Proudly presenting an Exceptional Investment opportunity with this beautiful 12-Unit Apartment in the convenient Wilshire Center neighborhood. This apartment consists of 9 Units of 2bed/2bath, 2 Units of 1bed/1bath and 1 Unit of Single. Each unit is equipped with laundry, refrigerator, laminate flooring, many windows for natural light, balcony or common balcony and either City or street views. The Exterior is just freshly painted. Recent Intensive Upgrades include Earthquake Retrofit, replacing sewer lines, new doors at the two entrance areas, adding 2 more parking spaces and meticulous renovations in 4 units with modern kitchens and high-quality finishes. New A/C for 6 units, Stoves for 8 units, and Stacked Laundry for 4 Units were installed in units. 4% RSO rent increase is scheduled on 2/1/2025. Given the property is fully occupied, it suggests steady cash flow with potential for rental income growth. 21 parking spaces with 10 CCTV security and 2 Storages (extra income) are offered. Separate gas and electric meters. Built in 1963, this well-maintained 3-story property sits on a quiet corner at 4th St and Oxford Ave, just a block East of Western Ave. This is a prime rental area of Los Angeles teeming with countless businesses, markets, restaurants, cafes, schools, banks, shopping, theaters, high-rise buildings, and convenient access to Metro and Bus stations. This subject property is in the heart of Koreatown, where you can experience the trendy Korean food and K-Pop. This is in close proximate to Hancock Park, Larchmont Village, Hollywood, DTLA, and offers easy access to Fwy 101.
Property Details
Price:
$3,888,000
MLS #:
24457563
Status:
Active
Baths:
0
Address:
4171 W 4th Street
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Nov 4, 2024
State:
CA
ZIP:
90020
Lot Size:
9,015 sqft / 0.21 acres (approx)
Year Built:
1963
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Laminate, Tile
Heating
Wall Furnace
Exterior
Garage Spaces
5.00
Parking Features
Assigned
Parking Spots
21.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Stories Total
3
View
City Lights, Trees/ Woods
Financial
Tenant Pays
Gas, Electricity, Water, Trash Collection
Map
Community
- Address4171 W 4th Street Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90020
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4171 W 4th Street
Los Angeles, CA
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