4203 W Council Street, Los Angeles, CA 90004

$5,450,000 Approx. USD 18 beds, 18 baths
8,678 sqft

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Photo of Rosamaria Acuna

Marketed By Rosamaria Acuna REALTOR® - Sales Associate 619-890-2828 m
619-890-2828 o
Lic#: 00980917
NRDS ID: 196503934
racuna@bhhscal.com La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275

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Agent Remarks

Fully renovated 18-unit apartment building delivering an attractive 7.5% cap rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry, countertops, vanities, and fixtures. The property offers strong curb appeal with fresh exterior paint and professional landscaping, creating an inviting tenant experience. Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles, as well as excellent walkability to dining, entertainment, and cultural amenities. With its prime location and strong income profile, 4203 Council Street represents an ideal investment for buyers seeking immediate cash flow and long-term appreciation.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26723965

Price: $5,450,000

Beds: 18

Baths: 18

Built in 1923

8,678 sqft

2 stories

0.18 acres

Lot size: 0.1768