1344 W 4th Street, Los Angeles, CA 90017

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1344 W 4th Street,Los Angeles, CA 90017
$3,995,000
  • - Beds
  • 20 Baths
  • 7,700 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz, armin soleimani
Office: global platinum properties, inc.424-394-1030
MLS#:26858143
Source:CRMLS

Price summary

  • Price:$3,995,000
  • Price per sq. ft.:$518.83

About this home

Huge 500k Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 9% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 11.3% Cap Rate after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.

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Home facts

  • Year built:1922
  • Listing ID #:26858143
  • Added:32 day(s) ago
  • Updated:August 11, 2026 at 11:09 AM

Rooms and interior

  • Total bathrooms:20
  • Living area:7,700 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1922
  • Building area:7,700 sq. ft.
  • Lot area:0.12 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,995,000
  • Price per sq. ft.:$518.83
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