4171 W 4Th Street

Los Angeles, CA 90020 Active for $3,888,000

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Beds: 20 Baths: 22 Structure Size: 12,776 sqft Lot Size: 9,015 sqft

Property Facts

MLS	24457563
Year Built	1963
Property Type
County	Los Angeles
Status	Active
Active	$3,888,000
Structure Size	12,776 sqft
Lot Size	9,015 sqft
Beds	20
Baths	22

Description

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.

Listing information courtesy of: Sunhee Kilmer, Keller Williams Beverly Hills 213-273-6559. *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.