1344 W 4th St

Los Angeles CA 90017

7700 sq. ft.

5414 sq. ft.

Other

Currently for sale - view listing

Overview

Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 8.5% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10.5% 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.

Features

20 bathrooms

7700 sq. ft. floor area

5414 sq. ft. lot size

Other

Property history for 1344 W 4th St

2008

Sold

$723,495

09 Jun 2008

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