4171 West 4th Street

Los Angeles, CA 90020

$4,290,000
Price
20
Beds
22
Baths
12,776 Sq. Ft.
$336 / Sq. Ft.
12,776
Sq. Ft.
$336
per Sq. Ft.

Description

@ prime corner location of heart of koreatown , earthquick retrofitting completed december 2019, 80% copper plumbing ,new water heater , new 8 cctv , new mirror front & side doors , 10 units are paying water and trash monthly , tenants are payingearthquick retrofitting of $38 per month for 240 month from june 2022 , average size of 2+2 are 1,215 sf , 4 units are nicelyremodeled with w/d , 1=2+2 recently leased at $2,775 and 1=1+den recently leased at $2,050 ,nice unit mixed of 9=2+2 , 2=1+1 , 1=0+1...@ prime corner location of heart of koreatown , earthquick retrofitting completed december 2019, 80% copper plumbing ,new water heater , new 8 cctv , new mirror front & side doors , 10 units are paying water and trash monthly , tenants are payingearthquick retrofitting of $38 per month for 240 month from june 2022 , average size of 2+2 are 1,215 sf , 4 units are nicelyremodeled with w/d , 1=2+2 recently leased at $2,775 and 1=1+den recently leased at $2,050 ,nice unit mixed of 9=2+2 , 2=1+1 , 1=0+1 , ample 21parkings , current cap rate of 4.33
  1. Listed by Edward Kim • DRE #01245924 • Brokerage DRE #01245924 • Edward Kim

Property Details for 4171 West 4th Street

Zoning
LAR3
Parcel Number
5503004001
Total Units
12.0
Living Area
12776
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
9012

Location

Listing Courtesy of Edward Kim, Edward Kim, DRE #01245924
Add your commute
LISTING UPDATED: 05/04/2024 04:08 PM

Property Details for 4171 West 4th Street

StatusActive
MLS #23-259597
Days on Market396
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,012 SF
CountyLos Angeles County

Location

Listing Courtesy of Edward Kim, Edward Kim, DRE #01245924
Add your commute

Building Information for 4171 West 4th Street

Stories3Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,012 SF

Payment Calculator

$26,993 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,412

Property Taxes

$3,581

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4171 West 4th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 12
  • Amenities: Extra Storage
  • Senior Community: No
  • Management Company Name: EDWARD KIM
  • Management Company Phone: 8189154777|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 12 UNITS
  • Entry Floor Number: 1
  • Direction Faces: South
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $271,495
  • Net Operating Income: $191,495.00
  • Gross Income: $271,495
  • Cap Rate: 4.46%
  • Gross Rent Multiplier: $16.00
  • Owner Pays: Gardener
  • Total Annual Expense: 80000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.2069
  • Lot Size Square Feet: 9012
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 21
  • Parking Features: Assigned
Interior Features
Interior Features
  • Room Type: Den
  • Rooms: Den
  • Levels: One
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Carpet
  • Equipment: Dryer, Washer, Range/Oven, Hood Fan
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters, Ceramic Counters
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled, Shower Over Tub
  • Bedroom Features: WalkInCloset
  • Cooking Appliances: Free Standing Gas
  • Laundry: In Unit, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: Living Room Balcony
  • Entry Location: Main Level
  • New Construction: No
  • Other Structural Features: Balcony, Partial Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-12-2023
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Seismic Retrofit, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,177,319.00
  • Assessed Improvement Percent: 35.0
  • Assessed Land Value: $2,186,450.00
  • Assessed Land Percent: 65
  • Assessed Total Value: $3,363,769.00

Property History for 4171 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 4171 West 4th Street

Taxable ValueLand$2,230,179Additions$1,200,865Total$3,431,044
Tax Record2023$42,977 ($3,581 / month)
Home Facts
Total Finished SqFt12,776 SqFtAbove Grade Finished SqFt12,776 SqFtLot Size9,012 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN5503-004-001

Schools near 4171 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 - 6 to 8
Public - 9 to 12
Rating
School
Distance
Charles H. Kim Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Young Oak Kim Academy
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.

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4171 West 4th Street is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on April 12, 2023 by Edward Kim, it's currently listed at $4,290,000. It has been on the market for a total of 396 days and was last sold on January 24, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles H. Kim Elementary School, Virgil Middle School and Young Oak Kim Academy. 4171 West 4th Street is a 20-bed, 22-bath, 12,776 sqft multi-family home built in 1963.

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 Edward Kim, Edward Kim, DRE #01245924

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.