2203 4TH Avenue, Los Angeles, CA 90018

About this property

I am pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. Located between Washington Boulevard and Adams Boulevard, the subject property is situated in the historic West Adams District. The offering presents an investor a truly unique opportunity to acquire a nearly vacant building in a rapidly gentrifying sub-market.The property consists of two buildings totaling 8,104 square feet on a 14,006 square foot parcel. The unit mix is comprised of four one-bedrooms and four two-bedrooms that will have seven out of eight units vacant at close of escrow. Due to its 1938 construction, the property is subject to Los Angeles rent control statutes.

Listing description from the January 2019 sale, as reported to CRMLS.

Sale history

$2,175,000

Sold January 2019 · listed $2,300,000, on market November 2018 · MLS #18407534 · Source: CRMLS

Listing Agent: Sean Rosenzweig · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Sean Rosenzweig · Marcus & Millichap

$1,600,000

Sold July 2018 · listed $1,795,000, orig. $2,200,000, on market January 2018 · MLS #18307236 · Source: CRMLS

Listing Agent: Nick Mercado · Listing Office: Keller Williams Realty Los Fel · Contact: 323-300-1000 · Bought with: Nick Mercado · Keller Williams Realty Los Fel

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