4447 Finley Ave - Apartments FOR SALE


Los Angeles, CA 90027- Los Feliz
$2,600,000 USD
323-671-1233
4447 Finley Ave, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/15
null | 4.06% Cap Rate

4447 Finley Ave
Los Angeles, CA 90027
Los Feliz


HIGHLIGHTS

  • All units completely remodeled and updated. Owner says units have been taken down to studs and floor boards and rebuilt
  • Fabulous Los Feliz location, just off of Hillurst and a couple of block to Vermont Ave
  • Circa 1937 Streamline Moderne by architect Arthur W Hawes

OVERVIEW

Own a rare piece of Los Angeles architectural history. Designed circa 1937 by renowned architect Arthur W. Hawes, 4447 Finley Avenue embodies the elegance, craftsmanship, and architectural optimism of Hollywood's prewar Streamline Moderne era. Rich in character yet extensively modernized, this turnkey four-unit property offers architectural distinction, low-maintenance ownership, and exceptional long-term investment potential in the heart of Los Feliz. The unit mix consists of one 1-bedroom plus convertible office/2-bath unit, two 2-bedroom/1.5-bath units, and one 2-bedroom/1-bath unit. Each residence features its own washer and dryer, separate water heater, and individual HVAC system, providing convenience and independence for tenants. More than $600,000 in capital improvements have been completed, including new plumbing, new 400-amp electrical service, individual subpanels for each unit, a dedicated house panel servicing recirculating pumps for near-instant hot water, new kitchens and baths, new appliances, updated drywall, crown molding, baseboards, doors, hardware, and upgraded finishes throughout. The interiors were extensively renovated down to the studs and floorboards, with virtually every major component replaced. The front two residences are desirable TOWNHOME-STYLE units featuring hardwood flooring, while the rear units have been professionally soundproofed for enhanced comfort and privacy. The property has also successfully completed its SB-721 balcony inspection requirements. For investors seeking a highly improved, easy-to-manage asset with exceptionally low maintenance requirements and minimal controllable operating expenses, 4447 Finley Avenue presents a rare opportunity. Located just moments from the shops, restaurants, and nightlife of Hillhurst Avenue, Griffith Park, the Greek Theatre, and Los Feliz Village, the property also offers approximately 37% upside potential in current rental income. Additionally, two units participate in the RUBS utility reimbursement program, providing further income enhancement opportunities. As a side note: "Hawes' portfolio includes the iconic Hollywood Reporter Building, the Crest Theatre in Westwood, and the celebrated Hawes House in West Los Angeles."

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$603 USD /SF

# OF UNITS

4

PRICE/UNIT

$650,000

CAP RATE

4.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"The Finley"

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

5590-009-013

ASK ABOUT THIS PROPERTY

Lane AronsonBerkshire Hathaway HomeServices Calif PropertiesMore Info
323-671-1233

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Lane AronsonBerkshire Hathaway HomeServices Calif PropertiesMore Info
323-671-1233

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