1340 West 4th Street

Los Angeles, CA 90017

$4,400,000
Last Sold Price
30
Beds
20
Baths
11,503 Sq. Ft.
$383 / Sq. Ft.
11,503
Sq. Ft.
$383
per Sq. Ft.

Description

The 4th Street Lofts is a ten-unit apartment building constructed in 2005 in a location just west of downtown Los Angeles. The property features four levels of apartments over a level of on-grade parking. The fourth floor features two units that are large one-bedroom penthouses plus a rooftop terrace with a barbecue area and spa. The 3rd floor consists of five units that are two story lofts featuring one- and one-half bathrooms. The 2nd level features three one-bedroom apartments. The property is...The 4th Street Lofts is a ten-unit apartment building constructed in 2005 in a location just west of downtown Los Angeles. The property features four levels of apartments over a level of on-grade parking. The fourth floor features two units that are large one-bedroom penthouses plus a rooftop terrace with a barbecue area and spa. The 3rd floor consists of five units that are two story lofts featuring one- and one-half bathrooms. The 2nd level features three one-bedroom apartments. The property is individually metered for gas and electricity and serviced by one elevator and two staircases. The ground level features a small lobby and fourteen secured parking spaces. The fully secured property is serviced by two staircases and one elevator. The property features incredible 360-degree views of the Downtown LA skyline and Hollywood. The units offer bright, and light filled interiors with floor to ceiling loft-style windows, 9'-18' ceilings and individual balconies, maple wood kitchen cabinets and upgraded stainless-steel appliances, walk-in closets with mirrors, and a washer / dryer in each unit. As the property was constructed in 2005, it is exempt from the city of Los Angeles rent stabilization ordinance, otherwise known as Los Angeles rent control.
  1. Listed by Brent Sprenkle • DRE #01290116 • Brokerage DRE #01308753 • Berkadia

Property Details for 1340 West 4th Street

Zoning
LACW
Parcel Number
5152003011
Total Units
10.0
Living Area
11503
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
8091

Location

Listing Courtesy of Berkadia, Brent Sprenkle, DRE #01290116

Sold By Ivy Realty Co., Jae Sung Choi, DRE #01273921

Add your commute
LISTING UPDATED: 05/06/2022 08:25 AM

Property Details for 1340 West 4th Street

StatusSold
MLS #22-117189
Days on Market115
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2005
Lot Size0.19 AC / 8,091 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkadia, Brent Sprenkle, DRE #01290116

Sold By Ivy Realty Co., Jae Sung Choi, DRE #01273921

Add your commute

Building Information for 1340 West 4th Street

Stories4Residences-Year Built2005Building Size-Lot Size0.19 AC / 8,091 SF

Payment Calculator

$28,637 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,013

Property Taxes

$4,624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1340 West 4th Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Owner
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: 10
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $283,392
  • Net Operating Income: $169,911.00
  • Gross Income: $276,552
  • Cap Rate: 3.86%
  • Gross Rent Multiplier: $15.44
  • Actual Gross Annual Income: $274,890
  • Total Annual Expense: 106641
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1857
  • Lot Size Square Feet: 8091
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 0
  • Parking Features: Covered
Interior Features
Interior Features
  • Room Type: Loft
  • Rooms: Loft
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Washer, Dryer, Microwave, Range/Oven, Refrigerator
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-10-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $2,293.00
  • Unit Actual Rent: $6,879.00
  • Unit Projected Rent: $8,136.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $2,323.00
  • Unit Actual Rent: $11,613.00
  • Unit Projected Rent: $14,233.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $2,562.00
  • Unit Actual Rent: $5,124.00
  • Unit Projected Rent: $5,945.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,888,693.00
  • Assessed Improvement Percent: 83.95
  • Assessed Land Value: $361,209.00
  • Assessed Land Percent: 16.05
  • Assessed Total Value: $2,249,902.00

Property History for 1340 West 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1340 West 4th Street

Taxable ValueLand$3,774,000Additions$722,975Total$4,496,975
Tax Record2023$55,487 ($4,624 / month)
Home Facts
Total Finished SqFt11,503 SqFtAbove Grade Finished SqFt11,503 SqFtLot Size8,091 SqFtStyleMulti-Family Res (5+ Units)Year Built2006ZoningLACWCountyLOS ANGELESAPN5152-003-011

Schools near 1340 West 4th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John H. Liechty Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkadia, Brent Sprenkle, DRE #01290116

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.