Overview
- 0
- 20
- 7700
- 1922
Description
Renovated 20-unit apartment building cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10% Cap Rate after taking into account all constructions costs (~312k assuming $340/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.
Address
Open on Google Maps- Address 4th
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90017
Details
Updated on May 14, 2026 at 9:07 am- Property ID: HZ26830501
- Price: $4,449,000
- Property Size: 7700 Sq Ft
- Bedroom: 0
- Bathrooms: 20
- Year Built: 1922
- Property Status: ResidentialIncome
- Listed by: Armin Soleimani
- DRE #: 01846872
- Contact Mail: arminsoleimani@gmail.com
- Brokered by: Global Platinum Properties, Inc.
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