4651 Council St
Los Angeles, CA 90004
12 Beds
10 Baths
7,444 Sq Ft
66 Days on Market
For Sale $2,785,000
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Courtesy of Marcus & Millichap

Listing Agent & Comments

Neema AhadianMarcus & Millichap
310-909-5444neema@marcusmillichap.com License #01346750
We are pleased to present a seven-unit investment opportunity in Koreatown at 4651 Council St, a corner lot just south of Beverly Blvd. The property features an ideal unit mix of two one-bedrooms and five two-bedrooms with 10 parking spaces; the soft story retrofit work has been completed. Ownership has completed full renovations of five units with upgrades including in-unit washers & dryers, vinyl plank flooring, stainless steel appliances, new kitchen cabinets and tile backsplashes, new plumbing fixtures and improvements, new drywall, paint, and base moldings, and energy efficient LED lighting, among others. In addition to interior unit renovations, ownership has recently completed exterior and common area capital expenditures including LED lighting, house panel and subpanel upgrades, new door numbers, new landscaping, and new paint throughout the common areas. Opportunity to acquire an asset with little to no deferred maintenance and strong in-place cash flow at a 5.16% CAP rate and 12.86 GRM on current income with an additional 19% rental upside. High Walk Score of 93, close proximity to schools, employment, and transit options. Central location makes it convenient for residents to commute throughout the city to nearby neighborhoods such as Downtown LA, East Hollywood, Hollywood, Westlake, and Mid-City, among others. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the highly coveted submarkets in all of Los Angeles.

MLS# 24454031 • Data provided by CRMLS
Additional home details
Living Area7,444 Sq.Ft.
Lot Size7,423 Sq.Ft.
Total Rooms--
Bedrooms12
Bathrooms10
Stories2
Year Built1958
Property TypeMultifamily
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$25,755
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$2,696,178
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage

4651 Council St., Los Angeles, CA 90004

Multifamily
12 Beds
10 Baths
7,444 Sq Ft
66 Days on Market

Listing Agent & Comments

Neema AhadianMarcus & Millichap
310-909-5444neema@marcusmillichap.com License #01346750
We are pleased to present a seven-unit investment opportunity in Koreatown at 4651 Council St, a corner lot just south of Beverly Blvd. The property features an ideal unit mix of two one-bedrooms and five two-bedrooms with 10 parking spaces; the soft story retrofit work has been completed. Ownership has completed full renovations of five units with upgrades including in-unit washers & dryers, vinyl plank flooring, stainless steel appliances, new kitchen cabinets and tile backsplashes, new plumbing fixtures and improvements, new drywall, paint, and base moldings, and energy efficient LED lighting, among others. In addition to interior unit renovations, ownership has recently completed exterior and common area capital expenditures including LED lighting, house panel and subpanel upgrades, new door numbers, new landscaping, and new paint throughout the common areas. Opportunity to acquire an asset with little to no deferred maintenance and strong in-place cash flow at a 5.16% CAP rate and 12.86 GRM on current income with an additional 19% rental upside. High Walk Score of 93, close proximity to schools, employment, and transit options. Central location makes it convenient for residents to commute throughout the city to nearby neighborhoods such as Downtown LA, East Hollywood, Hollywood, Westlake, and Mid-City, among others. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the highly coveted submarkets in all of Los Angeles.

MLS# 24454031 • Data provided by CRMLS
Additional home details
Living Area7,444 Sq.Ft.
Lot Size7,423 Sq.Ft.
Total Rooms--
Bedrooms12
Bathrooms10
Stories2
Year Built1958
Property TypeMultifamily
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$25,755
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $2,785,000
Request tour
Save
Courtesy of Marcus & Millichap
4651 Council St
Los Angeles, CA 90004
12 Beds
10 Baths
7,444 Sq Ft
66 Days on Market

Listing Agent & Comments

Neema AhadianMarcus & Millichap
310-909-5444neema@marcusmillichap.com License #01346750
We are pleased to present a seven-unit investment opportunity in Koreatown at 4651 Council St, a corner lot just south of Beverly Blvd. The property features an ideal unit mix of two one-bedrooms and five two-bedrooms with 10 parking spaces; the soft story retrofit work has been completed. Ownership has completed full renovations of five units with upgrades including in-unit washers & dryers, vinyl plank flooring, stainless steel appliances, new kitchen cabinets and tile backsplashes, new plumbing fixtures and improvements, new drywall, paint, and base moldings, and energy efficient LED lighting, among others. In addition to interior unit renovations, ownership has recently completed exterior and common area capital expenditures including LED lighting, house panel and subpanel upgrades, new door numbers, new landscaping, and new paint throughout the common areas. Opportunity to acquire an asset with little to no deferred maintenance and strong in-place cash flow at a 5.16% CAP rate and 12.86 GRM on current income with an additional 19% rental upside. High Walk Score of 93, close proximity to schools, employment, and transit options. Central location makes it convenient for residents to commute throughout the city to nearby neighborhoods such as Downtown LA, East Hollywood, Hollywood, Westlake, and Mid-City, among others. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the highly coveted submarkets in all of Los Angeles.

MLS# 24454031 • Data provided by CRMLS
Additional home details
Living Area7,444 Sq.Ft.
Lot Size7,423 Sq.Ft.
Total Rooms--
Bedrooms12
Bathrooms10
Stories2
Year Built1958
Property TypeMultifamily
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$25,755
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,696,178
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $2,785,000
Request tour
Save
Courtesy of Marcus & Millichap