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$3,790,000

Beds
20
sq ft
12,776

4171 W 4th St, Los Angeles, CA 90020

4171 W 4th St

Los Angeles, CA 90020

  • 49 days on market
    • Price drop $98,000↓
Proudly presenting an Exceptional Investment opportunity with this beautiful 12-Unit Apartment in the convenient Wilshire Center neighborhood. This apartment consists of 9 Units of 2bed/2bath, 2 Units of 1bed/1bath and 1 Unit of Single. Units are equipped with refrigerator, laminate flooring, many windows for natural light, balcony or common balcony and either City or street views. The Exterior is just freshly painted. Recent Intensive Upgrades include Earthquake Retrofit, replacing sewer lines, new doors at the two entrance, adding 5 more parking spaces and meticulous renovations in 4 units with modern kitchens and high-quality finishes. New A/C for 6 units, Stoves for 8 units, and Stacked Laundry for 4 Units were installed in units. Given the property is fully occupied, it suggests steady cash flow with potential for rental income growth. 21 parking spaces with 10 CCTV security and a storage (extra income) are offered. Separate gas and electric meters. Built in 1963, this well-maintained 3-story property sits on a quiet corner at 4th St and Oxford Ave, just a block East of Western Ave. This is a prime rental area of Los Angeles teeming with countless businesses, markets, restaurants, cafes, schools, banks, shopping, theaters, high-rise buildings, and convenient access to Metro and Bus stations. This subject property is in the heart of Koreatown, where you can experience the trendy Korean food and K-Pop. This is in close proximate to Hancock Park, Larchmont Village, Hollywood, DTLA, and offers easy access to Fwy 101.

Details

Property type

Est. home value

$4,308,908

Property condition

Updated/Remodeled

Lot size

9,015 sq ft

Price per sq ft

$297

Year built

1963

HOA

No

Price History

12/06/2024
CLAW

CLAW #24457563

Price change
$3,790,000
-2.52%
11/04/2024
CLAW

CLAW #24457563

Listed
$3,888,000
-2.56%
10/18/2024
CLAW

CLAW #24429715

Removed
$3,990,000

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mufg Union Bank Na

Loan start date

January 2019

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Building or Construction Loan

Seller

B Tilden Kim and Ellen Kim

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 6:35 AM

Listing updated: 12/13/2024 at 11:25 AM

Listed by: Sunhee Kilmer, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24457563

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