4817 St Charles Pl Los Angeles, CA 90019

Building Details

Year Built

1950

Listing Agency Marcus & Millichap - Los Angeles s***@marcusmillichap.com Show Phone

Listed by Sean Rosenzweig · License #CA 01406343

Source Crexi

Added: May 4, 2024 Checked: Jul 19 at 6:31 am

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Investment Insights

Based on property information with market context.

Located at 4817-4845 St Charles Place, this 15-unit apartment community is situated just south of Venice Boulevard and east of La Brea Avenue. The property sits on three contiguous parcels totaling 14,378 square feet in a desirable pocket of Mid-City. The 6,520 square foot property is comprised entirely of studio units. Residents benefit from the property's close proximity to shopping, restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, and Koreatown. This location provides convenient access to employment centers, retail, and entertainment. The property includes on-site parking and laundry facilities. There is 47% remaining rental upside through unit renovations. This presents investors with an opportunity to acquire an asset with low-density construction in a sought-after submarket in Los Angeles. The continued gentrification of the surrounding area, value-add potential, and development possibilities make this an excellent acquisition opportunity.

Key Highlights

• 47% rental upside potential through unit renovations
• Located in a desirable pocket of Mid‑City, Los Angeles
• Rare low‑density construction in a highly sought‑after in‑fill submarket

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FAQs

What type of property is this?

Apartment building - 15-unit apartment community in desirable Mid-City location.

Where is this apartment building 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 $1,990,000.

What are key features of this property?

This property features: 47% rental upside potential through unit renovations; Located in a desirable pocket of Mid‑City, Los Angeles; Rare low‑density construction in a highly sought‑after in‑fill submarket