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4651 Council St
Los Angeles, CA 90004
Multifamily Property For Sale
·
7 Units
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present a seven-unit investment opportunity in Koreatown at 4651 Council St
- Ownership has completed full renovations of five units with upgrades
- Opportunity to acquire an asset with little to no deferred maintenance and strong in-place cash flow at a 5.76% CAP rate and 11.77 GRM
- The property features a unit mix of two onebedrooms and five two-bedrooms with 10 parking spaces; the soft story retrofit work has been completed
- In addition to interior unit renovations, ownership has recently completed exterior and common area capital expenditures
Property Facts
| No. Units | 7 | Building Size | 7,444 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R2-1 - Two-Family Dwellings R1 Uses, Home Occupations | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,444 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R2-1 - Two-Family Dwellings R1 Uses, Home Occupations |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 5 | - | - |
Property Taxes
| Parcel Number | 5516-020-010 | Improvements Assessment | $946,671 |
| Land Assessment | $1,137,827 | Total Assessment | $2,084,498 |
Property Taxes
Parcel Number
5516-020-010
Land Assessment
$1,137,827
Improvements Assessment
$946,671
Total Assessment
$2,084,498
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