**INVESTOR / FLIP OPPORTUNITY IN THE KOREATOWN CORRIDOR!**
Opportunity knocks at **4115 Council Ave, Los Angeles** — a **4-bedroom, 2-bath** property offering strong upside for investors, flippers, contractors, and value-add buyers looking to capitalize on one of Central Los Angeles’ most active and centrally located residential markets.
The property consists of **two units, with one unit currently vacant and the second unit occupied on a month-to-month tenancy**, offering added flexibility for an investor evaluating renovation, repositioning, or future occupancy strategies.
The property presents an excellent canvas for renovation and modernization, with the potential to create a highly marketable finished product in a desirable Central Los Angeles location. Its four-bedroom, two-bath configuration provides multiple possibilities for an experienced investor seeking to maximize value through strategic improvements.
Located within the greater **Koreatown corridor**, the property benefits from the energy, convenience, and continued demand associated with one of Los Angeles’ most dynamic urban neighborhoods. Commonly known as **“K-Town,”** Koreatown is recognized for its vibrant restaurant scene, nightlife, cafés, markets, shopping, entertainment venues, and dense mix of residential and commercial activity. Its central location provides convenient access to Downtown Los Angeles, Hollywood, Mid-Wilshire, major employment centers, transit, and some of the city’s most popular cultural and entertainment destinations.
For a seasoned flipper, the opportunity is clear: modernize the interiors, update kitchens and baths, enhance curb appeal, improve functionality, and reposition the property for today’s buyer or investor market.
**Bring your contractor, designer, and vision.** With one unit vacant and the second on a month-to-month tenancy, this property offers both immediate access and added flexibility for a buyer looking to execute a value-add strategy in the highly desirable Koreatown/Central Los Angeles market.
**Ideal for:** Fix-and-flip investors, contractors, developers, value-add buyers, or investors seeking renovation upside and flexible occupancy in a strong Central Los Angeles location. * SEE SUPPLEMENTS FOR FOUNDATION REPORT AND MARKET RENT INFO.
For sale
Listed by: Century 21 Allstars • Laura Borbon • Contact: 562-833-0055
$949,900
4115 Council St, Los Angeles, CA 90004
4beds
2baths
2,000sqft
Duplex
Built in 1921
-- sqft lot
$933,600 Zestimate®
$475/sqft
$-- HOA
What's special
- 30 days
- 260
- 20
Zillow last checked:
Listing updated:
Listed by:
Laura Borbon DRE #01192623 562-833-0055,
Century 21 Allstars,
Matthew Garcia DRE #02178177 562-275-5622,
Century 21 Allstars
Source: CRMLS,MLS#: DW26189406
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: All Bedrooms Down
Heating
- Floor Furnace
Cooling
- None
Appliances
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Entry location: Ground Level
- Pool features: None
- Fencing: Wrought Iron
Lot
- Size: 6,107 Square Feet
- Features: Corner Lot, Street Level
Details
- Parcel number: 5518004021
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Stucco
- Foundation: Raised
- Roof: Clay
Condition
- Fixer,Repairs Cosmetic,Repairs Major
- New construction: No
- Year built: 1921
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $475/sqft
- Tax assessed value: $330,427
- Date on market: 9/8/2026
- Cumulative days on market: 30 days
- Listing terms: 1031 Exchange
- Total actual rent: 2300
- Road surface type: Paved
Estimated market value
$933,600
$887,000 - $980,000
$2,995/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Listed for sale | $949,900-4.9%$475/sqft |
Source: | ||
| 12/8/2017 | Listing removed | $999,000-28.6%$500/sqft |
Source: Mel Wilson & Associates #SR17128820 Report a problem | ||
| 4/1/2017 | Listing removed | $1,400,000$700/sqft |
Source: CENTURY 21 Peak #SR17037083 Report a problem | ||
| 2/23/2017 | Price change | $1,400,000+40%$700/sqft |
Source: CENTURY 21 Peak #SR17037083 Report a problem | ||
| 2/10/2017 | Price change | $1,000,000-23.1%$500/sqft |
Source: Exclusive Realty Inc. #16153608 Report a problem | ||
| 11/16/2016 | Price change | $1,300,000-7.1%$650/sqft |
Source: Exclusive Realty Inc. #16153608 Report a problem | ||
| 8/16/2016 | Listed for sale | $1,400,000$700/sqft |
Source: Exclusive Realty Inc. #16153608 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $330,427 +2% |
| 2025 | $4,149 +1.3% | $323,949 +2% |
| 2024 | $4,095 +1.8% | $317,598 +2% |
| 2023 | $4,023 +4.6% | $311,371 +2% |
| 2022 | $3,847 +1.6% | $305,267 +2% |
| 2021 | $3,788 -0.9% | $299,282 +1% |
| 2020 | $3,821 | $296,215 +2% |
| 2019 | $3,821 +6% | $290,408 +2% |
| 2018 | $3,604 | $284,714 +2% |
| 2017 | $3,604 +2.1% | $279,132 +2% |
| 2016 | $3,529 +2.9% | $273,659 +1.5% |
| 2015 | $3,431 +0.7% | $269,550 +2% |
| 2014 | $3,406 | $264,271 +2.5% |
| 2012 | -- | $257,920 +2% |
| 2011 | -- | $252,864 +0.8% |
| 2010 | -- | $250,975 -0.2% |
| 2009 | -- | $251,572 +2% |
| 2008 | -- | $246,640 +2% |
| 2007 | -- | $241,805 +2% |
| 2006 | -- | $237,064 |
| 2005 | -- | $237,064 -47.3% |
| 2004 | -- | $450,000 +101.2% |
| 2003 | -- | $223,686 +2% |
| 2002 | -- | $219,300 +321.9% |
| 2000 | -- | $51,974 |
Find assessor info on the county website
Monthly payment
Est. payment






