3901 W 4TH Street, Los Angeles, CA 90020

About this property

This property presents a development and/or a stable income generating investment opportunity in prime Koreatown. Tenants are in walking distance to markets, schools, hospitals, offices, etc. This property is located on a huge lot of 11,130 square feet of land and zoned R4-2 with a Tier 3 TOC Designation including a superior land value. This is a 14 unit mid-century garden style apartment, which generates a healthy return while entitling for development of 47 units by utilizing LA City's TOC Program. Buyer to conduct any/all due diligence pertaining but not limited to the development feasibility. Soft Story Retrofit Required. Please do not disturb tenants, drive by only.

Listing description from the June 2022 sale, as reported to CRMLS.

Sale history

$3,500,000

Sold June 2022 · on market May 2022 · MLS #22159183 · Source: CRMLS

Listing Agent: Thomas Yong Kim · Listing Office: Apple Tree Realty · Contact: 213-465-4858 · Bought with: Thomas Yong Kim · Apple Tree Realty

$3,300,000

Sold November 2021 · listed $3,495,000, on market July 2021 · MLS #21761044 · Source: CRMLS

Listing Agent: Eric Dilanian · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Thomas Yong Kim · Apple Tree Realty

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