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1269 4th Ave
Los Angeles, CA 90019
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Remodeled with nice finishes
- 4 of 8 have no shared walls
- Feel like small houses, great for this price point Tenant
Executive Summary
Quintessential Old Hollywood style Bungalow Court. All of the units were painstakingly restored with approval from the local HPOZ board in 2021. All eight apartments have open living areas, all new appliances, along with in-unit washer and dryers. Four of these units have no common walls and feel like small homes, and there is a plethora of patio and garden areas just waiting to be filled. Currently all units are leased with high quality tenants. This is a great opportunity to own a bread and butter income property in the heart of the city, all the while owning a part of LA’s history!
Property Facts
| Price Per Unit | $493,999 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.53% | Lot Size | 0.22 AC |
| Gross Rent Multiplier | 14.2 | Building Size | 4,094 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2021 |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $493,999 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 14.2 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,094 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1923/2021 |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $3,111 CAD | 500 |
Property Taxes
| Parcel Number | 5081-013-013 | Improvements Assessment | $654,590 CAD |
| Land Assessment | $3,451,138 CAD | Total Assessment | $4,105,728 CAD |
Property Taxes
Parcel Number
5081-013-013
Land Assessment
$3,451,138 CAD
Improvements Assessment
$654,590 CAD
Total Assessment
$4,105,728 CAD
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