4803 Elmwood AVE, Los Angeles, CA 90004
4803 Elmwood AVE, Los Angeles, CA 90004
4803 Elmwood AVE, Los Angeles, CA 90004
4803 Elmwood AVE, Los Angeles, CA 90004
4803 Elmwood AVE, Los Angeles, CA 90004
4803 Elmwood AVE, Los Angeles, CA 90004
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Ashlea Boyer

Ashlea Boyer

+1(805) 709-0711
$ 1,550,000
Est. payment | /mo

12 Beds

8 Baths

6,848 SqFt

Save
$ 1,550,000
Est. payment | /mo
Save

12 Beds

8 Baths

6,848 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,848 sqft

Price per Sqft $226

MLS Listing ID 26104771

Bedrooms 12

HOA Y/N No

Year Built 1955

Lot Size 7,165 Sqft

Property Description

Roque & Mark Co. is please to present this metrics-driven value-add opportunity in a highly central, supply-constrained 90004 location! Perfectly positioned right where the historic charm of Larchmont Village meets the booming economic and rental density of Koreatown, this stable 8-unit building is an investor's dream, boasting an incredible 5.4% CAP rate and a conservative 9.9 GRM on current rents. The soft-story seismic retrofit has already been completed, eliminating immediate CapEx exposure for the next owner. The property features an optimal, highly marketable unit mix consisting of (4) 2 beds + 1 bath units and (4) 1 bed + 1 bath units. Investors can systematically modernize unit interiors upon natural turnover to capture rental upside in a neighborhood commanding elite market premiums. In a dense submarket where parking is fiercely competitive, the building offers a distinct tenant advantage with 7 dedicated carport spaces. Boasting a spectacular 80 Walk Score and 80 Transit Score, residents enjoy seamless access to local boutique shopping, premier dining corridors, and quick commutes into DTLA, Hollywood, and the Miracle Mile employment hubs. The property is subject to Los Angeles rent control.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Dishwasher, Disposal, Microwave

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 7

Total Parking Spaces 7

Building

Faces East

Story 2

Entry Level One

Sewer Other

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5522020012

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by David Schuchman Roque & Mark Company, Inc. #01472937

Nearby Locations

Ashlea Boyer

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 709-0711

exec@pismohomes.com

350 James Way, Pismo Beach, California 93449, USA

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4803 Elmwood AVE

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