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4817 St Charles Pl Los Angeles, CA 90019

Sponsored
For Sale
$2,340,000

15-Unit Value-Add Multifamily

Property size:
6,520 SF

Description

Added:
Dec 11, 2024
Days on Market:
397
This exceptional 15-unit apartment building, situated on three contiguous parcels totaling 14,378 square feet in Los Angeles' desirable Mid-City neighborhood, presents a compelling value-add opportunity. The property, built in 1950, comprises three one-story buildings offering 6,520 square feet of net rentable space. Currently featuring all studio units, the property boasts a significant 53% rental upside potential through interior renovations. The asking price is $2,340,000, translating to $156,000 per unit and $358.90 per square foot. The current NOI is $91,735, yielding a 3.92% cap rate

Property Features for 4817 St Charles Pl

General Information

Property type
Multifamily properties
Square Feet
6,520 SF

Building Details

Year Built
1950
Buildings
3
Stories
1
Units
15

HighLights

  • Rare low‑density, 15‑unit apartment building on a 14,378 sq ft lot in central Los Angeles.
  • Potential for significant development upside via ED‑1 incentives, allowing for up to 87 units (buyer to verify).
  • Prime Mid‑City location poised for rent growth, surrounded by affluent neighborhoods.
  • Excellent walkability to shopping, dining, entertainment, and employment centers in Mid‑City, Miracle Mile, West Adams, and Koreatown.
  • Generational opportunity: property has been under the same ownership for 45 years.
  • Strong value‑add potential: 53% rental upside through renovations.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.3416221824
Latitude
34.045977272863

FAQs

What type of property is this?
Multifamily property - 15-Unit Value-Add Multifamily
Where is this multifamily property located?
The property is located at 4817 St Charles Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: Rare low-density, 15-unit apartment building on a 14,378 sq ft lot in central Los Angeles.; Potential for significant development upside via ED-1 incentives, allowing for up to 87 units (buyer to verify).; Prime Mid-City location poised for rent growth, surrounded by affluent neighborhoods.
More about this property
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