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4203 Council Street

Los Angeles, CA 90004
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Bed 18

Bed

Bath 0

Bath

SqFt8,678

Sqft

SqFt7,702

Sqft(Lot)

Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 7.75% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry, countertops, vanities, and fixtures. The property offers strong curb appeal with fresh exterior paint and professional landscaping, creating an inviting tenant experience. Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles, as well as excellent walkability to dining, entertainment, and cultural amenities. With its prime location and strong income profile, 4203 Council Street represents an ideal investment for buyers seeking immediate cash flow and long-term appreciation.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,325,000

AD Id : 87703287

MLS Id : 26856817

Beds : 18

Lot Size : 7,702 Sqft

Living Area Size : 8,678

Year Built : 1923

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 18

    Bathroom Information

    Total Baths: 18

  • Building Information

    Year Built: 1923
    Building Area Total: 8678
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 7702 Lot Size Acres: 0.1768 Lot Size Square Feet: 7,702

  • Listing Price Information

    Listing Price: $5325000

  • Tax Information

    Parcel Number: 5518004008

  • Location Information

    Direction: Located in Mid-Wilshire off Beverly Blvd on Normandie Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
542 N Commonwealth, Los Angeles, CA, 90004 $1,560,000 3 3 2,847 2,847 SqFt
441 N Commonwealth Avenue, Los Angeles, CA, 90004 $850,000 1 1 1,014 1,014 SqFt
447 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 3 -- 1,798 1,798 SqFt
426 N Virgil Avenue, Los Angeles, CA, 90004 $1,399,000 -- -- 3,427 3,427 SqFt
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 3 1,240 1,240 SqFt
3875 Middlebury Street, Los Angeles, CA, 90004 $899,000 2 1 667 667 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004 $3,590,000 24 -- 10,884 10,884 SqFt
238 S Westmoreland, Los Angeles, CA, 90004 $2,699,999 8 5 4,416 4,416 SqFt
124 N Berendo Street, Los Angeles, CA, 90004 $1,200,000 5 -- 3,939 3,939 SqFt
122 S Berendo Street, Los Angeles, CA, 90004 $2,275,000 4 -- 5,237 5,237 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/26/2026 @ 20:09

MLS: 26856817 LISTED BY: Nick Astrupgaard, KW Commercial Studio City 818-432-1500 SOURCE: CRMLS

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