2733 Council Street, Los Angeles, CA 90026
Property
Sold August 2024
Listing Agent: Christie Thomas (DRE #01793080) · Listing Office: Coldwell Banker Champion Realty · Contact: 310-439-8570 · Bought with: Armen Karapetyan · West Shores Realty, Inc. · MLS #24385691 · Source: CRMLS
About this property
Discover the investment potential of 2733 Council Street, a fully occupied 4-plex nestled in the heart of vibrant Historic Filipino Town, adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. This property offers a compelling blend of stable income and significant growth potential. Ideal for savvy investors and developers. The unit mix comprises one 2-bedroom and three 1-bedroom units, all occupied by longer-term tenants providing a reliable income flow. With current rents, there is substantial opportunity to increase revenue upon unit turnover, relocation, or development, within the constraints of the LA City RSO. This property is perfect for portfolio diversification or as a strategic 1031 exchange. The ease of managing this property, with no immediate need for significant upgrades, makes it a low maintenance investment. Proximity to major attractions and thoroughfares enhances tenant appeal and supports sustained rental demand. Engage with this stable, income-producing property today and secure your foothold in one of LA's burgeoning neighborhoods.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history