Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    4817 St Charles Place, Los Angeles, CA 90019
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    • MLS#: 24388423 ( )
    • Street Address: 4817 St Charles Place
    • Viewed: 3
    • Price: $2,340,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1950
    • Bldg sqft: 0
    • Days On Market: 245
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90019
    • Provided by: Marcus & Millichap
    • Contact: Sean Sean
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      We are pleased to offer for sale a 15 unit apartment community located at 4817 4845 St Charles Place. The subject property is located just south of Venice Boulevard and east of La Brea Avenue across three contiguous parcels totaling 14,378 square feet. This property is being sold as part of a 5 building, 79 unit portfolio that is available 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, & 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 53% 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.
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    Features
    Building Area Total
    1. 6520.00
    Country
    1. US
    Levels
    1. One
    Netoperatingincome
    1. 91735.00
    Parcel Number
    1. 5067007003
    Parking Features
    1. None
    Postalcodeplus4
    1. 5661
    Sourcesystemkey
    1. 24-388423:CLAW
    Totalexpenses
    1. 92277.00
    Year Built
    1. 1950
    Year Built Source
    1. Assessor
    Zoning
    1. LARD1.5
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836