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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261, Armin Soleimani DRE #01846872 | Global Platinum Properties, Inc. (424) 394-1030
$3,750,000
Monthly Est:$18,665
-- Bed
20 Baths
7,700sqft
1344 W 4th Street, Los Angeles, CA 90017
$3,750,000
$18,665/moEst:
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Multi Family
Built in 1922
$-- HOA
5,414 sqft lot
$487/sq.ft
Description
Huge 750k Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 8.25% Cap Rate from day 1 with upside to a 12.2% Cap on Proforma! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10% Current Cap Rate, 13.5% Proforma Cap, and only $169k/unit after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.
- Houzeo last checked: 4 minutes ago
- Listing updated: October 30, 2026 at 7:14 am
- Source: California Regional MLS-CA | MLS#: 26104033
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1922
HOA Fees
-
Finished Area
7,700 sqft
Lot Size
5,414 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26104033
MLS Status
Active
Days on Market
12
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 20
Interior
Heating
Wall Furnace
Utilities & Energy
Parking Features
None
Price History
| Date | Event | Price |
|---|---|---|
08/31/2026 Source: | Off Market | $3,750,000 -6.13% $487/sqft |
08/31/2026 Source: | Listed for Sale | $3,995,000 $519/sqft |
07/09/2026 Source: | Price Decreased | $3,995,000 -10.20% $519/sqft |
05/06/2026 Source: | Listed for Sale | $4,449,000 +4.68% $578/sqft |
05/06/2026 Source: | Off Market | $4,250,000 +84.78% $552/sqft |
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Westlake Ranks #142 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 05:15AM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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