1350 W 4TH STREET, LOS ANGELES CA 90017
- 15,954 sq.ft.
- 6,386 sq.ft. lot
1350 W 4th St., Los Angeles is a 25- unit asset located in the heart of Westlake. Offered at only $184k/door, this value-add opportunity has nearly 25% upside available in market rents. (3) studio units will be delivered tenant-ready, offering immediate upside. The property is currently operating at a 4.38% CAP and 13.35 GRM. 1350 W 4th St has a unit mix of (12) 1-Bd/1-Ba, (12) studio, & (1) 2- Bd/1-Ba units with 15,954 Sq.Ft of rentable space. These units feature hardwood and tile flooring, as well as new paint and in-wall A/C units. There is also a shared laundry room on site. The property is master-metered. There is still plenty of room to grow the monthly rental income, with a 6.68% Market CAP! The subject property is only minutes from millions of dollars worth of developments including L.A. Live, the Red Line Station, and the Westlake Theatre. This huge value-add property is an ideal pickup for any investor looking for great upside in monthly rental income!
Listing Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of June 16, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.