4327 Francis Ave - Apartments FOR SALE


Los Angeles, CA 90005- Miracle Mile
$2,700,000 USD
424-422-0904
4327 Francis Ave, Los Angeles, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/4
null | 6.02% Cap Rate

4327 Francis Ave
Los Angeles, CA 90005
Miracle Mile


HIGHLIGHTS

  • 4327 Francis Avenue is a 5+1-unit character style value-add opportunity located in Mid Wilshire.
  • Large Character Style Unit Mix
  • Near Wilshire Boulevard/Offers convenient access to cultural landmarks such as the LACMA and the Petersen Automotive Museum
  • First Time for Sale on Open Market in 30+ Years
  • Central Location with Access to Major Employment Centers

OVERVIEW

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 4327 Francis Boulevard, a 5+1-unit character-style value-add property ideally situated in prime Mid-Wilshire. Constructed in 1937, this historic character style property sits on a 11,610 square foot corner parcel adjacent to Harold Henry Park. The property consists of two garden style buildings totaling 7,728 gross square footage surrounded by an interior courtyard with extensive greenery. The building features a a unique unit mix, including one (1) non-conforming studio, two, two (2) one bedroom + one bathrooms, two (2) two bedroom + one and a half bathrooms, and a spacious two bedroom + two and half bathroom penthouse which will be delivered vacant. Offered for sale on the open market for the first time in over 30+ years, 4327 Francis Avenue resents a rare opportunity for astute investors. Its unique construction and spacious layouts, coupled with the potential for upgrades to exterior common areas and kitchens, position the property as an attractive value-add investment opportunity. With all units currently boasting large layouts the property is primed for select interior and exterior enhancements to appeal to today’s discerning renters, enabling buyers to capitalize on the high-end rental market in this sought-after neighborhood. Situated in the heart of Mid-Wilshire, 4327 Francis Avenue enjoys proximity to Koreatown’s trendy restaurants and the vibrant Miracle Mile/La Brea area, offering residents a diverse array of dining, shopping, and entertainment options just moments from their doorstep. This sought-after location further enhances the property’s appeal, making it an excellent investment opportunity in one of Los Angeles’ most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

6

PRICE/UNIT

$450,000

CAP RATE

6.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,609 SF

ZONING

LAR3

APN/PARCEL ID

5090-028-013

ASK ABOUT THIS PROPERTY

Steven GoldsteinNorthmarqMore Info
424-422-0904

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

Steven GoldsteinNorthmarqMore Info
424-422-0904

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