New Listing
$3,750,000
 $20,131 est/mo Sourced by Back At You

1344 W 4th Street,Los Angeles, CA 90017

Los Angeles, CA 90017

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Description

Huge 750k Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 8.25% Cap Rate from day 1 with upside to a 12.2% Cap on Proforma! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10% Current Cap Rate, 13.5% Proforma Cap, and only $169k/unit after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.

Details

MLS #26104033
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1922
Days On Site6
Listing Provided ByGlobal Platinum Properties, Inc. | Julio Ruiz

Features

Bath(s)20
SQ Feet7,700
Story(s)2
Units20
Building(s)1
ZoningLACW
Acreage0.12

Interior

HeatingWall Furnace
Heating Yes / NoYes

Parking

Parking FeaturesNone

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$3,750,000
low | high
Med:
$450,000
100% of Average
sqft:
7,700
low | high
Med:
800
100% of Average
$ / sqft:
$487
low | high
Med:
$563
34.5% of Average
On site:
6
low | high
Med:
98.5
6.091370558376% of Average
Sourced by Back At You

Market Activity 90017

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Additional Information

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$3,750,000
low | high
Med:
$450,000
100% of Average
sqft:
7,700
low | high
Med:
800
100% of Average
$ / sqft:
$487
low | high
Med:
$563
34.5% of Average
On site:
6
low | high
Med:
98.5
6.091370558376% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.812M - $4.687M
sqft: 5,500 - 9,500
Nearby Listings Property ImageNearby Listings Details
401 Witmer Street Property Photo 1
$3,300,000
401 Witmer Street
Los Angeles, CA 90017
401 Witmer Street Property Photo 1
$2,975,000
401 Witmer Street
Los Angeles, CA 90017
Listing Updated: October 27, 2026 at 2:35:37 PM PDT

Benjamin Leaskou - Desert Lifestyle Properties