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$2,800,000
137 Days On Site

4077 W 23rd Street
Los Angeles, CA 90018

For Sale|Multi Family|Pending
0
Beds
0
Full Baths
0
Partial Baths
8,199
SqFt
$342
/SqFt
1947
Built
County:
Los Angeles
Listed by Wendy Ross of Wendy Hooper Ross, Broker [email protected]

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4077 W 23rd Street4077 W 23rd Street4077 W 23rd Street4077 W 23rd Street
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Offered for the 1st time in 21 years, this is a rare opportunity to own a fully occupied 12 unit apartment building situated on slightly more than 1/2 acre lot, with loads of off street parking. The property is within a rent-controlled zone. However, having two separate buildings presents the opportunity to make comprehensive upgrades, one building at a time, bringing rents up to market scale when done. Recent renovations in some units include new flooring, updated kitchens, and modern bathrooms. Mid-City LA is renowned for its historical significance and vibrant cultural scene. As part of the "West Adams" district, this area is home to numerous historic landmarks and has a rich architectural heritage. This neighborhood has been a focal point for cultural development, attracting a diverse community that values both its history and its evolving urban landscape. This property is strategically positioned near key business and cultural hubs. Only 6 miles from Downtown provides easy access to financial and business districts. USC is just over 5 miles away. The close proximity to major transportation routes, including the Metro Expo Line, ensures excellent connectivity across LA. And LAX is just 10 miles away. This property which seldom has vacancies, was tied up in Probate 5 years, missing out on rent price increases that entire time. When a savvy investor rehabs the property, enhancing efficiencies & bringing it to current building standards, there will be tremendous upside in both income and market value.

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Listing Snapshot
Price 
$2,800,000
Days On Site 
137 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,199 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5539 Acres
Year Built 
1947
MLS® Number 
NP24164220
Status 
Pending
Property Tax 
$15,951
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoStatus changed to Pending
3 weeks agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Acres 
0.5539
Number Of Stories 
2
Parking Spaces 
12
Property Sub Type 
Multi Family
Security 
Smoke Detector(s)Security Lights
Special Circumstances 
Standard
SqFt Total 
8199
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas Connected
Water Source 
Public
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
Interior 
In-Law Floorplan
Laundry Features 
Common Area
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Exterior Features
Construction Details 
Stucco
Fencing 
Wood
Lot Features 
Irregular LotLevelNear Public Transit
Roof 
Composition
Community Features
MLS Area 
C16 - Mid Los Angeles


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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