For the first time on the market in 25 Years, 1814 W 4th St, offers investors an opportunity to add substantial value with 77% upside potential. (10) of the (10) units are composed of spacious studio units. The 4th Street Apartments are built in 1957, have a total square footage of 4,905SF, situated on a lot size of 5,998 SF, and zoned R4, with plenty of parking available for tenants. Soft Story Retrofit has been completed and Certificate of Compliance Issued. With 30% down-payment, the investment yields an investor a 2.9% Cash-on-Cash return with tremendous upside potential still left. Strategically located in the heart of Westlake, the property is minutes to DTLA, Koreatown, Silver Lake, Echo Park, and MacArthur Park. Considered "Walker's Paradise" with a (91) walk-score, where daily errands do not require a car. This rare opportunity is poised for an investor looking to capture strong current returns whilst adding value on a product in a booming area where prices have appreciated Year-over-Year. Disclosure: Buyer to conduct any/all due diligence including but not limited to the square footage, lot size, and zoning. DO NOT DISTURB TENANTS OR WALK ON PROPERTY-DRIVE BY ONLY.
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