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1240 4th Ave
Los Angeles, CA 90019
Delphene Manor-5% Cap and 11 GRM With Upside · Multifamily Property For Sale · 30 Units

INVESTMENT HIGHLIGHTS

  • 30 Units Priced to Sell at 11.2 GRM and a 5% Cap Rate
  • Character Property in Country Club Park
  • Major Recent Renovations & Upgrades
  • Massive Remaining Rental Upside
  • Two Approved ADU Units

PROPERTY FACTS

No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 17,961 SF
Average Occupancy 100%
No. Stories 3
Year Built 1928
Parking Ratio 0.17/1,000 SF
Zoning LARD1.5

AMENITIES

SITE AMENITIES

  • Vintage Building

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 24 $1,118 350 - 450
1+1 6 $1,447 650

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5081-014-018
Land Assessment
$3,574,731
Improvements Assessment
$2,376,470
Total Assessment
$5,951,201
  • Listing ID: 28363809

  • Date on Market: 2023-05-01

  • Last Updated:

  • Address: 1240 4th Ave, Los Angeles, CA 90019

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