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4203 Council Street, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:CENTURY 21 LOTUS
4203 Council Street,Los Angeles, CA 90004
$5,095,000
  • 18 Beds
  • 18 Baths
  • 8,678 sq. ft.
  • Multi-family
  • Active
Listed by: nick astrupgaard, rich johns
Office: kw commercial studio city818-432-1500
MLS#:26986945
Source:CRMLS

Price summary

  • Price:$5,095,000
  • Price per sq. ft.:$587.12

About this home

3rd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, a new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry,...

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Home facts

  • Year built:1923
  • Listing ID #:26986945
  • Added:49 day(s) ago
  • Updated:October 30, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:18
  • Living area:8,678 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:8,678 sq. ft.
  • Lot area:0.18 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,095,000
  • Price per sq. ft.:$587.12

Parking

  • Parking description:On Street
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