$2,340,000 Price Analysis   ♡   Los Angeles, CA 90019 0 bed 15 bath 6,520 SqFt ($358/SqFt) 0.33 acre lot. Built 1950 Listed 2024-05-06, Taxes $1,692 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer for sale a 15-unit apartment community located at 4817-4845 St Charles Place.
The subject property is located south of Venice Boulevard and east of La Brea Avenue across three contiguous pa rcels totaling 14, 378 square feet. This property is being sold as part of a 5 building, 79-unit portfolio that is availabl individually or any combination as a portfolio purchase.The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms and entertainment choices in Mid-City, Miracle Mile, West Adams and Koreatown.
This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on an oversized 14, 378 square foot parcel, the property is comprised entirely of studio units. The property has 51% remaining rental upside through unit renovations along with on-site parking and on-site laundry facilities. 4817-4845 St Charles Place presents investors a unique opportunity to acquire an asset with rare low-density construction in a highly sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential and development possibilities, make 4817-4845 St Charles Place an excellent acquisition opportunity.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #24-388423 from TheMLSCLAW
Full Bathrooms: 15
Lot Size Source: Assessor
Lot Size Square Feet: 14378
Calculated Total Monthly Association Fees: 0
Number of Units: 15
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 23925
County: Los Angeles
Cap Rate: 4.02
Directions: South of Venice Boulevard & West of Rimpau Boulevard
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5067-007-003
Postal Code Plus 4: 5661
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $48,943 + $20,758 $69,701 | $1,692 |
| 2021 | $47,984 + $20,351 $68,335 | $1,660 |
| 2020 | $47,492 + $20,143 $67,635 | $1,677 |
| 2019 | $46,561 + $19,749 $66,310 | $1,644 |
| 2018 | $45,649 + $19,362 $65,011 | $1,532 |
| 2017 | $44,754 + $18,983 $63,737 | $1,469 |
| 2016 | $43,877 + $18,611 $62,488 | $1,413 |
| 2015 | $43,218 + $18,332 $61,550 | $1,403 |
| 2014 | $42,372 + $17,973 $60,345 | $1,451 |
| 2013 | $42,181 + $17,892 $60,073 | $1,435 |
| 2012 | $41,354 + $17,542 $58,896 | $1,149 |
| 2010 | $40,544 + $17,199 $57,743 | $1,355 |
| 2009 | $40,337 + $17,112 $57,449 | $1,315 |
| 2009 | $40,241 + $17,071 $57,312 | $1,315 |
| 2008 | $39,547 + $16,777 $56,324 | $1,284 |
| 2007 | $38,772 + $16,449 $55,221 | $1,244 |
$2,340,000
TheMLSCLAW
Year Built: 1950
Levels: One Level
Living Area Source: Assessor
Property Age: 74
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Assessor
Map directions Map directions Map directions Map directions
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.