4214 Sunset Drive
$2,200,000
9
9
5,388
5,388
$408
Description
4214 Sunset Drive is an 8-unit courtyard apartment community located in the Los Feliz sub-market. The offering offers investors a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation. 4214 Sunset Drive is a quintessential courtyard apartment community that consists of eight units in three separate buildings in the red-hot Los Feliz submarket. The unit layout consists of four (4) 1-Bedroom/1-Bathroom units, three (3) larger...4214 Sunset Drive is an 8-unit courtyard apartment community located in the Los Feliz sub-market. The offering offers investors a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation. 4214 Sunset Drive is a quintessential courtyard apartment community that consists of eight units in three separate buildings in the red-hot Los Feliz submarket. The unit layout consists of four (4) 1-Bedroom/1-Bathroom units, three (3) larger 1-Bedroom/1-Bathroom units (at the rear of the property), and one (1) 2-Bedroom/2-Bathroom unit. Residents are welcomed to a quiet and open courtyard replete with mature landscaping. The common areas can be taken to a new level and provide an urban oasis. Current ownership has conducted a top-to-bottom remodel of one rear unit, creating a spacious two-bedroom apartment. Upgrades include new hardwood floors, updated kitchen and bathrooms, new stainless steel appliances, modern fixtures and lighting, designer tiles in the kitchen and bathroom, and an in-unit washer/dryer. The remodeled unit is a proven path to achieve strong rents when units turnover. Additionally, one unit will be delivered vacant at the close of escrow, allowing the new owner to achieve market rent. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 4214 Sunset Drive is a short walk from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles.
- Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01125362 • KW Commercial Studio City
- Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01125362 • KW Commercial Studio City
Property Details for 4214 Sunset Drive
Zoning
LAR2
Parcel Number5430031019
Total Units8.0
Living Area5388
Source Living AreaVendor Enhanced
AreaLos Feliz (637)
Vacancy Rate12.6
Lot Size Area6711
LISTING UPDATED: 11/25/2024 11:32 AM
Property Details for 4214 Sunset Drive
Status | Active |
---|---|
MLS # | 24-396177 |
Days on Market | 220 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.15 AC / 6,711 SF |
County | Los Angeles County |
Building Information for 4214 Sunset Drive
Stories2Residences-Year Built1923Building Size-Lot Size0.15 AC / 6,711 SF
Property Information for 4214 Sunset Drive
Property History for 4214 Sunset Drive
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 4214 Sunset Drive
Taxable ValueLand$1,677,124Additions$559,735Total$2,236,859
Tax Record2024$27,888 ($2,324 / month)
Home Facts
Total Finished SqFt5,388 SqFtAbove Grade Finished SqFt5,388 SqFtLot Size6,709 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR2CountyLOS ANGELESAPN5430-031-019
Schools near 4214 Sunset Drive
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 - | K to 2 |
Rating | School | Distance |
---|---|---|
Franklin Avenue Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Lexington Avenue Primary Center PublicK to 2 |
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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