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4230-4250 Los Feliz Blvd
Los Angeles, CA 90027
16 Units in Prime Los Feliz · Multifamily Property For Sale
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16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 10,380 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | LAR3 (Tier 2 TOC) | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,380 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | LAR3 (Tier 2 TOC) |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 4230-4250 LOS FELIZ BLVD , LOS ANGELES, CA 90027
Comprised of 16 post war units in one of the best locations Los Feliz has to offer, 4230 & 4250 Los Feliz Blvd is a true value-add gem with enormous upside potential. An even mix of 2-bed/1-bath and 1-Bed/1Bath units makes the property perfectly positioned for the affluent millennial renters that are drawn to this enclave by its hip restaurants and trendy boutique shops. The property is made up of two side-by-side lots, each containing an 8-unit, 2-story apartment building. Separate APNs mean there is no need for an on-site manager despite there being a total of 16 units. Most units remain in original condition, although ownership has undertaken 2 recent renovations. There is laundry on site and all units are separately metered for gas and electric. Surface parking is at the rear and accessible via a central driveway. Although the property is ideally suited as a reposition opportunity in its current configuration, the R3 (Tier 2 TOC designation) offers the astute buyer an opportunity to potentially build up to 29 units on 14,000 square feet of land.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 597 |
| 2+1 | 8 | - | 700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,476,416 | |
| Land Assessment | $3,444,982 | Total Assessment | $4,921,398 |
PROPERTY TAXES
