9
See all 9 photos
$1,550,000
Est. payment /mo
12 Beds
8 Baths
6,848 SqFt
New
4803 Elmwood AVE Los Angeles, CA 90004
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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
Listed by David Schuchman Roque & Mark Company, Inc. #01472937
NEARBY SCHOOL & BUSINESS
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