5754 W 4th St - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$2,300,000 USD
310-202-9166
5754 W 4th St, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/11
null | 4.21% Cap Rate

5754 W 4th St
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Prime Miracle Mile location on the corner of 4th St and Cloverdale Ave
  • Beautiful and traditional two story building that was built in 1938
  • All units are spacious 1 BR + 1 Baths with separate dining rooms
  • Electrical and plumbing has been updated
  • Half of the units have received extensive renovations. Value-add opportunity
  • Six back garages that can potentially be converted into ADU units

OVERVIEW

Classic traditional 6-unit building in a desirable Miracle Mile location. All units are large spacious 1-bedroom & 1-bathroom units all with separate dining rooms, hardwood floors and numerous stylish features. The electrical and plumbing systems were updated with copper and newer electrical panels. Three of the units have been tastefully renovated with the most recent tenant paying $3,104 per month. The property consists of six garages currently used for parking by the tenants, but offers potential for ADU units. Existing laundry room with washer/dryer the two story building encompasses approximately 5,922 sq. ft. and sits on a large 7,151 sq. ft. lot zoned LAR4. Tremendous investment opportunity with significant value add potential.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

4.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5754 W 4th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAR4

APN/PARCEL ID

5508-004-010

ASK ABOUT THIS PROPERTY

Carolyn SchneiderMiller & Desatnik Realty Corp.More Info
310-202-9166

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Carolyn SchneiderMiller & Desatnik Realty Corp.More Info
310-202-9166

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