$1,990,000
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.
Click to interact with map
Listed by Sean Rosenzweig with Marcus & Millichap (310) 909-5500
Property Type
Residential Income
Status
Active
MLS Number
24388423
Year Built
1950
Lot Size
0.33 acres