4817 St Charles Pl Los Angeles, CA 90019
- Apartment buildings
- 2,676 SF
- 0.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4817 St Charles Pl
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 2,676 SF
- Zone code
- LARD1.5
- Property type
- Apartment buildings
- APN
- 5067-007-003
- APU
- 5067007003
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.341
- Latitude
- 34.0462
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA