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4201 Council St
Los Angeles, CA 90004

$5,975,000 USD

Apartments For Sale • 11,276 SF

Property Details

Property Type Apartments
Total Building Size 11,276 SF
Lot Size 0.18 AC
Building Class B
Year Built 1923
Cap Rate 6.50 %
Zoning R3

68 Transit Score

89 Walk Score

                
                    Highlights
                
                                Fully renovated 18 Unit building in Prime Koreatown with permits in Prime Koreatown.
                            
                                Incredible 6.5% Cap Rate and 11.3 GRM from Day 1!
                            
                                Easy To Rent Unit Mix consisting of 18 (1bed/1bath) units.
                            
                                Individually metered for Gas & Electricity.
                            
                                Fully Approved plans to add 2 detached ADU's in the garages.

Property Flyers

Offering Memorandum

Cap Rate:

6.50 %

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Courtyard
Heating
Kitchen
Hardwood Floors
Oven
Range
Tub/Shower
Framed Mirrors

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	8 min	-	4.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.5 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	11 min	0.6 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	11.2 mi
Los Angeles International	25 min	-	13.3 mi
Long Beach (Daugherty Field)	35 min	-	25.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Covered
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

4201 Council St Los Angeles, CA 90004