We are pleased to offer for sale a 15-unit apartment community located at 4817-4845 St Charles Place. The subject property is located just south of Venice Boulevard and east of La Brea Avenue across three contiguous parcels totaling 14,378 square feet. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on an oversized 14,378 square foot parcel, the property is comprised entirely of studio units. The property has 53% remaining rental upside through unit renovations along with on-site parking and on-site laundry facilities. 4817-4845 St Charles Place presents investors a unique opportunity to acquire an asset with rare low-density construction in a highly sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential and development possibilities, make 4817-4845 St Charles Place an excellent acquisition opportunity.
Property Details
Price:
$2,340,000
MLS #:
24388423
Status:
Active
Baths:
0
Address:
4817 St Charles Place
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 6, 2024
State:
CA
ZIP:
90019
Lot Size:
14,378 sqft / 0.33 acres (approx)
Year Built:
1950
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Schools
Interior
Exterior
Parking Features
None
Parking Spots
11.00
Stories Total
1
Financial
Map
Community
- Address4817 St Charles Place Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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Courtesy of Marcus & Millichap. 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.
4817 St Charles Place
Los Angeles, CA
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