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$ 1,990,000
Est. payment | /mo
6,520 SqFt
$ 1,990,000
Est. payment | /mo
6,520 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,520 sqft
Price per Sqft $305
MLS Listing ID CL24388423
HOA Y/N No
Year Built 1950
Lot Size 0.330 Acres
Acres 0.3301
Property Sub-Type Other
Property Description
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. 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. 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 47% 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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5067007003
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Listed by Sean Rosenzweig • Marcus & Millichap
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