For Sale

Listed by Jae Chang from Redpoint Realty

Source: Combined LA Westside Multiple Listing Service, Inc #26986331

4934 Maplewood Avenue, Los Angeles, CA, 90004

$1,925,000

10
10
8
7094 sq. ft.
7261 sq. ft.

Other

1 day on the market

What's around 4934 Maplewood Avenue

About this property

4934 W Maplewood Ave is a fully stabilized, 100%-occupied 8-unitmultifamily investment opportunity ideally situated in a highly desirable pocket immediately adjacent to Hancock Park, one of Los Angeles' most prestigious and enduring residential neighborhoods. Built in 1961,the Property is a well-maintained, two-story courtyard-style apartment building totaling approximately 7,094 square feet on a 7,261 square foot, LAR3-zoned lot. The unit mix consists of six one-bedroom/one-bath residences and two spacious two-bedroom/one-and-a-half-bath residences, served by onsite gated carport parking. Residents enjoy exceptional walkability (Walk Score of 92/100) to the shops, cafes, and boutiques of Larchmont Village, the tree-lined estates of Hancock Park and Windsor Square, and the retail corridors along Melrose and Western Avenues, with convenient access to Koreatown, Hollywood, and Downtown Los Angeles. With in-place rents below prevailing market levels for this submarket, he Property presents an investor with a rare combination of stable current income and long-term upside as leases roll to market over time, n one of the Westside-adjacent corridor's most supply-constrained residential pockets.

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