3333 W 4th St - Apartments FOR SALE


Los Angeles, CA 90020- Koreatown
$9,200,000 USD
310-968-5303
3333 W 4th St, Los Angeles, CA for Sale
$9,200,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

3333 W 4th St
Los Angeles, CA 90020
Koreatown


HIGHLIGHTS

  • Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with other properties
  • 65-unit, six-story prewar building built in 1926 with classic architecture and strong street presence
  • Grand lobby and elevator service offering scale and a true arrival experience
  • Spacious studios and one-bedrooms averaging ~650 SQFT with high ceilings, hardwood floors, and large windows
  • Located in Wilshire Center–Koreatown, a dense and supply-constrained rental submarket
  • Meaningful rental upside through strategic unit renovations and improved operations

OVERVIEW

Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with other properties. Jonathan Taksa and Rob Renshaw are pleased to present 3333 W 4th St, a classic 65-unit, six-story prewar apartment building in Los Angeles, originally constructed in 1926. The property showcases the scale and architectural detail characteristic of its era, featuring a large, welcoming lobby, elevator service, and numerous preserved period elements that give the building a distinctive identity. Its façade and common areas reflect true 1920s craftsmanship, offering a sense of character and permanence that differentiates it from more contemporary assets. The unit mix consists primarily of spacious studios and one-bedroom apartments averaging approximately 650 square feet. Residences are well-proportioned, with high ceilings, hardwood floors, and large windows that provide strong natural light. Many units retain original details while incorporating functional updates, creating attractive living spaces that appeal to today’s renters seeking charm and authenticity in a central location. Situated in the Wilshire Center–Koreatown neighborhood of Los Angeles, the property benefits from a highly central setting with excellent walkability and strong access to public transportation, including nearby Metro rail and bus lines that connect efficiently to Downtown Los Angeles, Hollywood, and major employment centers. Koreatown remains one of the city’s most active and supply-constrained rental submarkets, supported by a dense mix of dining, nightlife, and cultural destinations that continue to attract a broad tenant base. From an investment perspective, 3333 W 4th St presents a compelling value-add opportunity. Current rents are below market in several instances, providing meaningful rental upside through strategic unit renovations and improved management. In addition, the building offers clear opportunities to enhance common areas and elevate the resident experience. The expansive lobby, in particular, presents a unique opportunity for repositioning into a coworking lounge, shared workspace, or upgraded resident amenity area—features that align well with evolving tenant preferences in this submarket. With its scale, irreplaceable vintage architecture, and multiple pathways to increase income and modernize amenities, 3333 W 4th St offers investors the opportunity to unlock value while preserving a character-rich Los Angeles asset. Note: The subject property has been identified by LADBS as possibly subject to the city's non-ductile concrete retrofit program. Seller has retained an engineering firm to seek an exemption to this requirement. The results of this exemption request will be available in the coming weeks. Buyer is advised to do its own due diligence with respect to this potential condition.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

65

PRICE/UNIT

$141,538

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Lane Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,505 SF

ZONING

LAR4

APN/PARCEL ID

5502-008-005

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.