2203 4th Avenue

Los Angeles, CA 90018

$2,725,000
Price
12
Beds
8
Baths
8,104 Sq. Ft.
$336 / Sq. Ft.
8,104
Sq. Ft.
$336
per Sq. Ft.

Description

We are pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a large 14,006 square foot parcel, the property is comprised of four one-bedroom units and four two-bedroom units. Four of the units have private yards, two of the units have decks and two of the units have balconies....We are pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a large 14,006 square foot parcel, the property is comprised of four one-bedroom units and four two-bedroom units. Four of the units have private yards, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units with stainless steel kitchen appliances, quartz countertops, central AC/heat, new flooring, upgraded bathrooms, in unit wash & dryer, new windows & more. The continued gentrification of the surrounding area along with large floor plans and quality renovations makes 2203 4th Avenue an excellent investment opportunity poised for long term healthy returns.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2203 4th Avenue

Zoning
LARD2
Parcel Number
5060025007
Total Units
8.0
Living Area
8104
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
14010

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
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LISTING UPDATED: 04/25/2024 12:20 PM

Property Details for 2203 4th Avenue

StatusActive
MLS #23-338815
Days on Market143
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.32 AC / 14,010 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 2203 4th Avenue

Stories2Residences-Year Built1938Building Size-Lot Size0.32 AC / 14,010 SF

Payment Calculator

$17,338 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,871

Property Taxes

$2,467

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2203 4th Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $232,158
  • Net Operating Income: $163,547.00
  • Gross Income: $229,248
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $11.89
  • Total Annual Expense: 68611
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3216
  • Lot Size Square Feet: 14010
Parking Details
Parking Details
  • Parking Garage: Other, Covered Parking, Garage
  • Total Parking: 10
  • Parking Features: Covered, Garage
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 12-11-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,641.00
  • Unit Actual Rent: $2,641.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,979.00
  • Unit Actual Rent: $2,979.00
  • Unit Projected Rent: $3,050.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,303.00
  • Unit Actual Rent: $2,303.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $598.00
  • Unit Actual Rent: $598.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,693.00
  • Unit Actual Rent: $2,693.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,083.00
  • Unit Actual Rent: $3,083.00
  • Unit Projected Rent: $3,050.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $932,814.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $1,399,222.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $2,332,036.00

Property History for 2203 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2203 4th Avenue

Taxable ValueLand$1,399,222Additions$932,814Total$2,332,036
Tax Record2023$29,603 ($2,467 / month)
Home Facts
Total Finished SqFt8,104 SqFtAbove Grade Finished SqFt8,104 SqFtLot Size14,006 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningLARD2CountyLOS ANGELESAPN5060-025-007

Schools near 2203 4th Avenue

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
Charter - 9 to 12
Rating
School
Distance
Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Math And Science College Preparatory
Charter9 to 12

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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2203 4th Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on December 11, 2023 by Marcus & Millichap, it's currently listed at $2,725,000. It has been on the market for a total of 143 days and was last sold on January 10, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School and Los Angeles Senior High School. 2203 4th Avenue is a 12-bed, 8-bath, 8,104 sqft multi-family home built in 1938.

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 Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.