4077 West 23rd Street
$2,800,000
—
8,199
8,199
$342
Description
Offered for the 1st time in 21 years, this is a rare opportunity to own a fully occupied 12 unit apartment building situated on slightly more than 1/2 acre lot, with loads of off street parking. The property is within a rent-controlled zone. However, having two separate buildings presents the opportunity to make comprehensive upgrades, one building at a time, bringing rents up to market scale when done. Recent renovations in some units include new flooring, updated kitchens, and modern bathrooms....Offered for the 1st time in 21 years, this is a rare opportunity to own a fully occupied 12 unit apartment building situated on slightly more than 1/2 acre lot, with loads of off street parking. The property is within a rent-controlled zone. However, having two separate buildings presents the opportunity to make comprehensive upgrades, one building at a time, bringing rents up to market scale when done. Recent renovations in some units include new flooring, updated kitchens, and modern bathrooms. Mid-City LA is renowned for its historical significance and vibrant cultural scene. As part of the "West Adams" district, this area is home to numerous historic landmarks and has a rich architectural heritage. This neighborhood has been a focal point for cultural development, attracting a diverse community that values both its history and its evolving urban landscape. This property is strategically positioned near key business and cultural hubs. Only 6 miles from Downtown provides easy access to financial and business districts. USC is just over 5 miles away. The close proximity to major transportation routes, including the Metro Expo Line, ensures excellent connectivity across LA. And LAX is just 10 miles away. This property which seldom has vacancies, was tied up in Probate 5 years, missing out on rent price increases that entire time. When a savvy investor rehabs the property, enhancing efficiencies & bringing it to current building standards, there will be tremendous upside in both income and market value.
- Listed by Wendy Ross • DRE #01449478 • Brokerage DRE #01449478 • Wendy Hooper Ross, Broker • 949-870-2424
Property Details for 4077 West 23rd Street
Parking Spaces Total
12
Total Units12.0
Lot Size SourceAssessor
Building Area Total8199
Building Area UnitsSquare Feet
Stories Total2
Entry Level1
Parcel Number5060011001
LISTING UPDATED: 09/17/2024 12:23 PM
Property Details for 4077 West 23rd Street
Status | Active |
---|---|
MLS # | NP24164220 |
Days on Market | 68 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1947 |
Lot Size | 0.55 AC / 24,130 SF |
County | Los Angeles County |
Building Information for 4077 West 23rd Street
Stories2Residences-Year Built1947Building Size-Lot Size0.55 AC / 24,130 SF
Property Information for 4077 West 23rd Street
Property History for 4077 West 23rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4077 West 23rd Street
Taxable ValueLand$836,344Additions$362,410Total$1,198,754
Tax Record2024$16,233 ($1,353 / month)
Home Facts
Total Finished SqFt8,199 SqFtAbove Grade Finished SqFt8,199 SqFtLot Size24,123 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLARD2CountyLOS ANGELESAPN5060-011-001
Schools near 4077 West 23rd Street
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 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Arlington Heights Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
Global Education Academy 2 CharterK to 5 |
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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