4803 Elmwood Avenue

Property Overview

Roque & Mark Co. is please to present this metrics-driven value-add opportunity in a highly central, supply-constrained 90004 location! Perfectly positioned right where the historic charm of Larchmont Village meets the booming economic and rental density of Koreatown, this stable 8-unit building is an investor's dream, boasting an incredible 5.4% CAP rate and a conservative 9.9 GRM on current rents. The soft-story seismic retrofit has already been completed, eliminating immediate CapEx exposure for the next owner. The property features an optimal, highly marketable unit mix consisting of (4) 2 beds + 1 bath units and (4) 1 bed + 1 bath units. Investors can systematically modernize unit interiors upon natural turnover to capture rental upside in a neighborhood commanding elite market premiums. In a dense submarket where parking is fiercely competitive, the building offers a distinct tenant advantage with 7 dedicated carport spaces. Boasting a spectacular 80 Walk Score and 80 Transit Score, residents enjoy seamless access to local boutique shopping, premier dining corridors, and quick commutes into DTLA, Hollywood, and the Miracle Mile employment hubs. The property is subject to Los Angeles rent control.

Home Details

Property type: Residential Income
Year built: 1955
Living area: 6,848 sq ft
Lot size: 7,164 sq ft
Parking: 7 spaces
Carport: 7 spaces
Stories: 2
Days on market: 0
MLS status: Active
Architectural style: Traditional
Zoning: LAR3

Features & Amenities

Appliances

Dishwasher
Disposal
Microwave

Parking

Carport

Community, Schools & Utilities

Utilities

Heating: WallFurnace
Cooling: None
Water: Public
Sewer: Other

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Location & Neighborhood

Los Angeles, CA 90004

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Frequently Asked Questions About 4803 Elmwood Avenue

Property type: Residential Income

The current asking price is $1,550,000. 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 4803 Elmwood Avenue. Our team will confirm availability and timing.

This 12 bedrooms and 8 bathrooms property offers approximately 6,848 square feet of living space. It was built in 1955. 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 0 days. Status can change, so verify availability before relying on it.