4171 West 4th Street

Los Angeles, CA 90020

$3,888,000
Price
20
Beds
22
Baths
12,776 Sq. Ft.
$304 / Sq. Ft.
12,776
Sq. Ft.
$304
per Sq. Ft.

Description

Proudly presenting an Exceptional Investment opportunity with this beautiful 12-Unit Apartment in the convenient Wilshire Center neighborhood. This apartment consists of 9 Units of 2bed/2bath, 2 Units of 1bed/1bath and 1 Unit of Single. Each unit is equipped with laundry, refrigerator, laminate flooring, many windows for natural light, balcony or common balcony and either City or street views. The Exterior is just freshly painted. Recent Intensive Upgrades include Earthquake Retrofit, replacing sewer...Proudly presenting an Exceptional Investment opportunity with this beautiful 12-Unit Apartment in the convenient Wilshire Center neighborhood. This apartment consists of 9 Units of 2bed/2bath, 2 Units of 1bed/1bath and 1 Unit of Single. Each unit is equipped with laundry, refrigerator, laminate flooring, many windows for natural light, balcony or common balcony and either City or street views. The Exterior is just freshly painted. Recent Intensive Upgrades include Earthquake Retrofit, replacing sewer lines, new doors at the two entrance areas, adding 2 more parking spaces and meticulous renovations in 4 units with modern kitchens and high-quality finishes. New A/C for 6 units, Stoves for 8 units, and Stacked Laundry for 4 Units were installed in units. 4% RSO rent increase is scheduled on 2/1/2025. Given the property is fully occupied, it suggests steady cash flow with potential for rental income growth. 21 parking spaces with 10 CCTV security and 2 Storages (extra income) are offered. Separate gas and electric meters. Built in 1963, this well-maintained 3-story property sits on a quiet corner at 4th St and Oxford Ave, just a block East of Western Ave. This is a prime rental area of Los Angeles teeming with countless businesses, markets, restaurants, cafes, schools, banks, shopping, theaters, high-rise buildings, and convenient access to Metro and Bus stations. This subject property is in the heart of Koreatown, where you can experience the trendy Korean food and K-Pop. This is in close proximate to Hancock Park, Larchmont Village, Hollywood, DTLA, and offers easy access to Fwy 101.
  1. Listed by Sunhee Kilmer • DRE #01949622 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 4171 West 4th Street

Zoning
LAR3
Style
Low Rise
Parcel Number
5503004001
Total Units
12.0
Living Area
12776
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
LISTING UPDATED: 11/12/2024 12:01 AM

Property Details for 4171 West 4th Street

StatusActive
MLS #24-457563
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,015 SF
CountyLos Angeles County

Virtual Tour

Building Information for 4171 West 4th Street

Stories3Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,015 SF

Property Information for 4171 West 4th Street

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 12
  • View: Yes
  • View Description: City Lights, Trees/Woods
  • View: City Lights, Trees/Woods
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $292,308
  • Net Operating Income: $211,100.00
  • Gross Income: $292,308
  • Cap Rate: 5.43%
  • Gross Rent Multiplier: $13.00
  • Total Annual Expense: 81208
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.207
  • Lot Size Square Feet: 9015
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 21
  • Covered Parking: 5
  • Open Other Spaces Total: 11
  • Garage Spaces Total: 5
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window, Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Tile
  • Equipment: Range/Oven, Washer, Dryer
  • Common Walls: Attached
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-04-2024
  • Tenant Pays: Gas, Electricity, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,104.00
  • Unit Actual Rent: $18,943.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,727.00
  • Unit Actual Rent: $3,454.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,200,865.00
  • Assessed Improvement Percent: 35.0
  • Assessed Land Value: $2,230,179.00
  • Assessed Land Percent: 65
  • Assessed Total Value: $3,431,044.00

Property History for 4171 West 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4171 West 4th Street

Taxable ValueLand$2,274,782Additions$1,224,882Total$3,499,664
Tax Record2024$43,806 ($3,651 / month)
Home Facts
Total Finished SqFt12,776 SqFtAbove Grade Finished SqFt12,776 SqFtLot Size9,012 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN5503-004-001

Schools near 4171 West 4th Street

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

Virgil Middle School
Public6 to 8

Young Oak Kim Academy
Public6 to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4171 West 4th Street is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on November 4, 2024 by Keller Williams Beverly Hills, it's currently listed at $3,888,000. It has been on the market for a total of 11 days and was last sold on February 28, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles H. Kim Elementary School, Virgil Middle School and Young Oak Kim Academy. 4171 West 4th Street is a 20-bed, 22-bath, 12,776 sqft multi-family home built in 1963.

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 Keller Williams Beverly Hills, Sunhee Kilmer, DRE #01949622

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.