The property for sale is a 8-unit apartment complex located at 4777 San Vicente Boulevard, Los Angeles CA 90019. The subject property is located just west of Pico Boulevard and east of La Brea Avenue on San Vicente Boulevard.The 5,540 square foot two story apartment was built in 1954 and is situated over a 5,620 square foot lot that is zoned LAR3. The eight-unit apartment consists entirely of 1 bedroom / 1 bathroom units. There are five on-site parking spots located at the back of the property that has convenient accessibility through the alley. The property has approximately 35% remaining rental upside through unit renovations. A savvy investor can also take advantage of higher potential rents by renting to Section 8 tenants which pay higher than current market rents for Mid-City 90019 zip code. The Housing Authority of the City of Los Angeles (HACLA) voucher payment standards pays up to $2,340 for 1 bedroom units.There are multiple developments that are currently underway in Mid-City and in planning stages. Mid-City is centrally located, offering unparalleled convenience in one of LA’s most desirable areas. The property is within walking distance to a number of restaurants, cafes, bars, grocery stores, shopping centers and spiritual centers. Mid-City is a diverse community that is being gentrified in a quiet neighborhood in the center of Los Angeles. The sub-market witnessed a relatively strong renter demand for 490 units during the past 12 months, compared to the five-year average annual renter demand for 370 units.
Property Details
Price:
$1,598,000
MLS #:
25509661
Status:
Active
Baths:
0
Address:
4777 San Vicente Boulevard
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Mar 10, 2025
State:
CA
ZIP:
90019
Lot Size:
5,620 sqft / 0.13 acres (approx)
Year Built:
1954
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Schools
Interior
Exterior
Foundation Details
Raised
Parking Spots
5.00
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address4777 San Vicente Boulevard Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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4777 San Vicente Boulevard
Los Angeles, CA
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