4203 W Council Street
Los Angeles, CA 90004
18
Bed
0
Bath
8,678Sqft
7,702Sqft(Lot)
... 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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 18Bathroom Information
Total Baths: 18 Full Baths: 0 Half Baths: 0
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Building Information
Year Built: 1923 Building Area Total: 8,678
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1768 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7702
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Listing Price Information
Original List Price: 5,325,000 Listing Contract Date: 2026-04-14 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5518004008
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Garage and Parking
Garage Description: On StreetHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: Located in the highly desirable Koreatown and Wilshire Center submarkets off Normandie Avenue. Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire -
Building and Construction
Property Age: 103 Year Built Source: Vendor Enhanced Total Square Feet Living: 8678 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 542 N Commonwealth, Los Angeles, CA, 90004 | $1,675,000 | 3 | 3 | 2,847 | 2,847 SqFt |
| 432 N Commonwealth, Los Angeles, CA, 90004 | $795,000 | 4 | 2 | 1,432 | 1,432 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 |
| 3812 Middlebury, Los Angeles, CA, 90004 | $799,800 | 3 | 2 | 1,240 | 1,240 SqFt |
| 449 N Virgil, Los Angeles, CA, 90004 | $1,299,000 | 2 | 2 | 1,886 | 1,886 SqFt |
| 3220 W 2nd Street, Los Angeles, CA, 90004 | $1,480,000 | 8 | -- | 7,985 | 7,985 SqFt |
| 210 S Commonwealth Avenue, Los Angeles, CA, 90004 | $3,590,000 | 24 | -- | 10,884 | 10,884 SqFt |
| 124 N Westmoreland Avenue, Los Angeles, CA, 90004 | $4,350,000 | -- | -- | 17,730 | 17,730 SqFt |
| 118 N Westmoreland Avenue, Los Angeles, CA, 90004 | $3,750,000 | -- | -- | 18,765 | 18,765 SqFt |
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ByOwner last updated this listing 06/21/2026 @ 09:25
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