4803 Elmwood Avenue, Los Angeles, CA, 90004

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$1,550,000
2 Days On Site

4803 Elmwood Avenue
Los Angeles, CA 90004

For Sale|Residential Income|Active
12
Beds
8
Total Baths
6,848
SqFt
$226
/SqFt
1955
Built
County:
Los Angeles
Listed by David Schuchman of Roque & Mark Company, Inc. david@roque-mark.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
4803 Elmwood Avenue4803 Elmwood Avenue4803 Elmwood Avenue4803 Elmwood Avenue
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Roque & Mark Co. is please to present this metrics-driven value-add opportunity in a highly central, supply-constrained 90004 location! Perfectly positioned right where the historic charm of Larchmont Village meets the booming economic and rental density of Koreatown, this stable 8-unit building is an investor's dream, boasting an incredible 5.4% CAP rate and a conservative 9.9 GRM on current rents. The soft-story seismic retrofit has already been completed, eliminating immediate CapEx exposure for the next owner. The property features an optimal, highly marketable unit mix consisting of (4) 2 beds + 1 bath units and (4) 1 bed + 1 bath units. Investors can systematically modernize unit interiors upon natural turnover to capture rental upside in a neighborhood commanding elite market premiums. In a dense submarket where parking is fiercely competitive, the building offers a distinct tenant advantage with 7 dedicated carport spaces. Boasting a spectacular 80 Walk Score and 80 Transit Score, residents enjoy seamless access to local boutique shopping, premier dining corridors, and quick commutes into DTLA, Hollywood, and the Miracle Mile employment hubs. The property is subject to Los Angeles rent control.

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Listing Snapshot
Price 
$1,550,000
Days On Site 
2 Days
Bedrooms 
12
Inside Area (SqFt) 
6,848 sqft
Total Baths 
8
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1645 Acres
Year Built 
1955
MLS Number 
26104771
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS
2 days agoListing first seen on site
General Features
Acres 
0.1645
Carport 
7
Direction Faces 
East
Levels 
One
Number Of Stories 
2
Parking 
Carport
Parking Spaces 
7
Sewer 
Other
Special Circumstances 
Standard
SqFt Total 
6848
Style 
Traditional
Water Source 
Public
Zoning 
LAR3
Interior Features
Appliances 
DishwasherDisposalMicrowave
Heating 
Wall Furnace
Laundry Features 
Common Area
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Community Features
MLS Area 
C18 - Hancock Park-Wilshire


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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