4203 Council Street
Los Angeles, CA 90004
18
Bed
18
Bath
8,678Sqft
7,702Sqft(Lot)
2nd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% 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,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 18Bathroom Information
Total Baths: 18
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Building Information
Year Built: 1923Building Area Total: 8678Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 7702 Lot Size Acres: 0.1768 Lot Size Square Feet: 7,702
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Listing Price Information
Listing Price: $5195000
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Tax Information
Parcel Number: 5518004008
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Virtual Tour
Parking Information
OnStreet
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Location Information
Direction: Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles.
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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 | 7,503 Sqft |
| 441 N Commonwealth Avenue, Los Angeles, CA, 90004 | $850,000 | 1 | 1 | 1,014 | 5,506 Sqft |
| 447 N Commonwealth Avenue, Los Angeles, CA, 90004 | $900,000 | 3 | 2 | 1,798 | 7,506 Sqft |
| 426 N Virgil Avenue, Los Angeles, CA, 90004 | $1,349,000 | 8 | 7 | -- | 7,015 Sqft |
| 3812 Middlebury, Los Angeles, CA, 90004 | $799,800 | 3 | 3 | 1,240 | 2,300 Sqft |
| 225 S Hoover Street, Los Angeles, CA, 90004 | $1,699,000 | 6 | 4 | 2,896 | 7,987 Sqft |
| 3875 Middlebury Street, Los Angeles, CA, 90004 | $698,000 | 2 | 1 | 667 | 2,002 Sqft |
| 210 S Commonwealth Avenue, Los Angeles, CA, 90004 | $3,590,000 | 24 | 14 | 10,884 | 7,488 Sqft |
| 238 S Westmoreland, Los Angeles, CA, 90004 | $2,699,999 | 8 | 5 | 4,416 | 9,754 Sqft |
| 4053 Oakwood Avenue, Los Angeles, CA, 90004 | $2,200,000 | 15 | 17 | 10,371 | 9,904 Sqft |
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ByOwner last updated this listing 09/12/2026 @ 08:53
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