4817 St Charles Place

Los Angeles, CA 90019

$2,340,000
Price
—
Beds
15
Baths
6,520 Sq. Ft.
$359 / Sq. Ft.
6,520
Sq. Ft.
$359
per Sq. Ft.

Description

We are pleased to offer for sale a 15-unit apartment community located at 4817-4845 St Charles Place. The subject property is located just south of Venice Boulevard and east of La Brea Avenue across three contiguous parcels totaling 14,378 square feet. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array...We are pleased to offer for sale a 15-unit apartment community located at 4817-4845 St Charles Place. The subject property is located just south of Venice Boulevard and east of La Brea Avenue across three contiguous parcels totaling 14,378 square feet. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on an oversized 14,378 square foot parcel, the property is comprised entirely of studio units. The property has 53% remaining rental upside through unit renovations along with on-site parking and on-site laundry facilities. 4817-4845 St Charles Place presents investors a unique opportunity to acquire an asset with rare low-density construction in a highly sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential and development possibilities, make 4817-4845 St Charles Place an excellent acquisition opportunity.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4817 St Charles Place

Zoning
LARD1.5
Parcel Number
5067007003
Total Units
15.0
Living Area
6520
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
14378
LISTING UPDATED: 08/13/2024 05:11 PM

Property Details for 4817 St Charles Place

StatusActive
MLS #24-388423
Days on Market177
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.33 AC / 14,378 SF
CountyLos Angeles County

Building Information for 4817 St Charles Place

Stories1Residences-Year Built1950Building Size-Lot Size0.33 AC / 14,378 SF

Property Information for 4817 St Charles Place

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $184,012
  • Net Operating Income: $91,735.00
  • Gross Income: $187,848
  • Cap Rate: 3.92%
  • Gross Rent Multiplier: $12.46
  • Total Annual Expense: 92277
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1235
  • Lot Size Square Feet: 14378
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 11
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,044.00
  • Unit Actual Rent: $15,654.00
  • Unit Projected Rent: $23,925.00
  • Like Units: 15
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $561,000.00
  • Assessed Improvement Percent: 61.11
  • Assessed Land Value: $357,000.00
  • Assessed Land Percent: 38.89
  • Assessed Total Value: $918,000.00

Property History for 4817 St Charles Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4817 St Charles Place

Taxable ValueLand$364,140Additions$573,020Total$937,160
Tax Record2024$12,113 ($1,009 / month)
Home Facts
Total Finished SqFt2,676 SqFtAbove Grade Finished SqFt2,676 SqFtLot Size5,378 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLARD1.5CountyLOS ANGELESAPN5067-007-003

Schools near 4817 St Charles Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Alta Loma Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4817 St Charles Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on May 6, 2024 by Marcus & Millichap, it's currently listed at $2,340,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta Loma Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 4817 St Charles Place is a 0-bed, 15-bath, 6,520 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.