Nick Astrupgaard
KW Commercial Studio City
818-432-1500
4214 Sunset Drive is an 8-unit courtyard apartment community located in the Los Feliz sub-market. The offering offers investors a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation. 4214 Sunset Drive is a quintessential courtyard apartment community that consists of eight units in three separate buildings in the red-hot Los Feliz submarket. The unit layout consists of four (4) 1-Bedroom/1-Bathroom units, three (3) larger 1-Bedroom/1-Bathroom units (at the rear of the property), and one (1) 2-Bedroom/2-Bathroom unit. Residents are welcomed to a quiet and open courtyard replete with mature landscaping. The common areas can be taken to a new level and provide an urban oasis. Current ownership has conducted a top-to-bottom remodel of one rear unit, creating a spacious two-bedroom apartment. Upgrades include new hardwood floors, updated kitchen and bathrooms, new stainless steel appliances, modern fixtures and lighting, designer tiles in the kitchen and bathroom, and an in-unit washer/dryer. The remodeled unit is a proven path to achieve strong rents when units turnover. Additionally, one unit will be delivered vacant at the close of escrow, allowing the new owner to achieve market rent. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 4214 Sunset Drive is a short walk from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles.
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Total Bedrooms : 9
Total Baths: 9
Full Baths: 0
Half Baths: 0
Year Built: 1923
Building Area Total: 5,388
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1541
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6711
Original List Price: 2,450,000
Listing Contract Date: 2024-05-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5430031019
Garage Description: On Street
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 637 - Los Feliz
Postal Code Plus 4: 1529
Directions: Sought-after rental location off Sunset Blvd in between Los Feliz and Silver Lake
Zoning: LAR2
Source Property Type: Residential Income
Area: 637 - Los Feliz
Property Age: 101
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5388
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1417 N Kenmore Avenue, Los Angeles, CA,90027 | $1,700,000 | 7 | 4 | 3,505 | 6897 Sqft |
1412 N Serrano Avenue, Los Angeles, CA,90027 | $1,029,000 | -- | -- | -- | 8716 Sqft |
5239 Los Hermosos Way, Los Angeles, CA,90027 | $3,400,000 | 4 | 2 | 3,561 | 14480 Sqft |
1802 N Western Avenue, Los Angeles, CA,90027 | $2,695,000 | -- | -- | 6,660 | 18549 Sqft |
1537 N Kingsley Drive, Los Angeles, CA,90027 | $1,499,000 | -- | -- | -- | 6862 Sqft |
1537 N Kingsley Drive, Los Angeles, CA,90027 | $1,499,000 | 4 | -- | 2,086 | 6862 Sqft |
2041 N Vermont Avenue, Los Angeles, CA,90027 | $9,500,000 | 7 | -- | 22,582 | 8991 Sqft |
5231 Franklin Avenue, Los Angeles, CA,90027 | $4,750,000 | 5 | 3 | 4,743 | 23530 Sqft |
3769 Prestwick Drive, Los Angeles, CA,90027 | $2,390,000 | 4 | 3 | 3,160 | 7859 Sqft |
1624 N Normandie Avenue.., Los Angeles, CA,90027 | $899,000 | 3 | 2 | 1,719 | 7123 Sqft |
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ByOwner last updated this listing 06/17/2024 @ 11:35
MLS: 24396177
LISTED BY: Nick Astrupgaard, KW Commercial Studio City
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.