4051 W 4th Street, Los Angeles, CA 90020
List Price: $1.55M
Listing Status: Active
Original List Price: $1.59M
0Days on Market: 108
8 Bedrooms · 8 Bathrooms · 8,259 sq ft
Property Type: ResidentialIncome
Year Built: 1927
Lot Size: 8,838 sq ft
Private Pool: Yes
MLS Number: 25631725
About This Property
A unique opportunity to acquire a sizable multifamily asset in the core of Koreatown. Located at 4051 to 4065 West 4th Street, this property is one of the largest 8 unit buildings in the area, offering approximately 13,428 gross building square feet with each one bedroom one bathroom unit exceeding 1,000 square feet. Positioned prominently on the corner of 4th Street and Harvard Boulevard, the building features excellent corner lot curb appeal and strong visibility. The property offers individually metered units, 6 on site parking spaces, and ample street parking for residents and guests. The exterior has been exceptionally well-maintained and includes an upgraded roof, providing peace of mind for incoming ownership. While the exterior has been thoughtfully cared for, the interiors present a compelling value add opportunity combined with below market rents. Investors can capitalize on over 100% rental upside potential in one of Los Angeles' most in-demand rental submarkets, with an attractive current CAP of over 4.6%.