4214 Sunset Dr

KW Commercial, as the exclusive listing agents, are pleased to present 4214 Sunset Drive, a classic Los Angeles courtyard property consisting of 8-Units located in the Los Feliz sub-market. The offering offers investors a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation. Going-in metrics are attractive at 12.6 GRM and 5.2% Cap Rate.
4214 Sunset Drive is a quintessential courtyard apartment community that consists of eight units in three separate buildings in the red-hot Los Feliz submarket. The unit layout consists of four (4) 1-Bedroom/1-Bathroom units, three (3) larger 1-Bedroom/1-Bathroom units (at the rear of the property), and one (1) 2-Bedroom/2-Bathroom unit. Residents are welcomed to a quiet and open courtyard replete with mature landscaping. The common areas can be taken to a new level and provide an urban oasis.
Current ownership has conducted a top-to-bottom remodel of one rear unit, creating a spacious two-bedroom apartment. Upgrades include new hardwood floors, updated kitchen and bathrooms, new stainless steel appliances, modern fixtures and lighting, designer tiles in the kitchen and bathroom, and an in-unit washer/dryer. The remodeled unit serves as a proven path to achieve strong rents when units turnover. Additionally, one unit will be delivered vacant at the close of escrow, allowing the new owner to achieve market rent.
Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 4214 Sunset Drive is a short walk from many happening coffee shops and dining options and a short drive from the City’s primary employers in Hollywood and Downtown Los Angeles.