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.
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DAYS ON MARKET
|
24
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LAST UPDATED
|
3/10/2025
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YEAR BUILT
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1954
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COMMUNITY
|
Hancock Park-Wilshire
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COUNTY
|
Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| AREA |
Hancock Park-Wilshire |
| LOT |
5620 sq ft |
| STORIES |
2 |
| ZONING |
LAR3 |
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Listed with KW Advisors
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/2/25 10:49 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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