Los Angeles, CA 90019,4777 San Vicente Blvd
Los Angeles, CA 90019,4777 San Vicente Blvd
Los Angeles, CA 90019,4777 San Vicente Blvd
18
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$1,598,000
Est. payment /mo
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8 Beds
8 Baths
5,540 SqFt
Active Under Contract

4777 San Vicente Blvd Los Angeles, CA 90019

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,540 sqft

Price per Sqft $288

MLS Listing ID 25509661

Style Low Rise

Bedrooms 8

Year Built 1954

Lot Size 5,620 Sqft

Acres 0.129

Property Sub-Type Multi-Family

Property Description

The property for sale is a 8-unit apartment complex located at 4777 San Vicente Boulevard, Los Angeles CA 90019. The subject property is located just west of Pico Boulevard and east of La Brea Avenue on San Vicente Boulevard.The 5,540 square foot two story apartment was built in 1954 and is situated over a 5,620 square foot lot that is zoned LAR3. The eight-unit apartment consists entirely of 1 bedroom / 1 bathroom units. There are five on-site parking spots located at the back of the property that has convenient accessibility through the alley. The property has approximately 35% remaining rental upside through unit renovations. A savvy investor can also take advantage of higher potential rents by renting to Section 8 tenants which pay higher than current market rents for Mid-City 90019 zip code. The Housing Authority of the City of Los Angeles (HACLA) voucher payment standards pays up to $2,340 for 1 bedroom units.There are multiple developments that are currently underway in Mid-City and in planning stages. Mid-City is centrally located, offering unparalleled convenience in one of LA's most desirable areas. The property is within walking distance to a number of restaurants, cafes, bars, grocery stores, shopping centers and spiritual centers. Mid-City is a diverse community that is being gentrified in a quiet neighborhood in the center of Los Angeles. The sub-market witnessed a relatively strong renter demand for 490 units during the past 12 months, compared to the five-year average annual renter demand for 370 units.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling Wall Unit(s)

Equipment Other

Exterior

Parking Features Other

Garage Spaces 5.0

Roof Type Flat

Building

Foundation Raised

Architectural Style Low Rise

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by KW SELA

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agent

Herman Singh

Broker

+1(718) 679-7822

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4777 San Vicente Blvd