1344 W 4th Street, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1344 W 4th Street

Los Angeles, CA 90017
20 Baths
7,700 Sq Ft
Built 1922
$3,750,000

Property Overview

Huge 750k Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 8.25% Cap Rate from day 1 with upside to a 12.2% Cap on Proforma! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10% Current Cap Rate, 13.5% Proforma Cap, and only $169k/unit after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.

Home Details

Property type
Residential Income
Year built
1922
Living area
7,700 sq ft
Lot size
5,414 sq ft
Stories
2
Days on market
1
MLS status
Active
Zoning
LACW

Features & Amenities

Parking

  • None

Community, Schools & Utilities

Utilities

Heating
WallFurnace
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Location & Neighborhood

1344 W 4th Street

Los Angeles, CA 90017

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Frequently Asked Questions About 1344 W 4th Street

Property type: Residential Income

The current asking price is $3,750,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1344 W 4th Street. Our team will confirm availability and timing.
This 20 bathrooms property offers approximately 7,700 square feet of living space. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Julio Ruiz
MLS ID: CLW-C131070

Available property

$3,750,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.