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Property 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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Additional Information
Marcus & Millichap
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CLW-C107850
CLW-X7515101
Sean
5067007003
: Standard
One
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Multi-Family For Sale

4817 St Charles Place, Los Angeles, California 90019

6,520 Sqft
$2,340,000
Listing ID #24388423
Basic Details
Status : Active
DaysOnMarket : 99
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24388423
Price : $2,340,000
Living Area : 6,520 Sqft
Lot Size : 14,378 Sqft
Year Built : 1950
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90019
Price Per Square Foot : $359
ModificationTimestamp : 2024-08-13 17:23:21
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