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2203 4Th Ave, Los Angeles, CA 90018
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2203 4Th Ave Los Angeles, CA 90018

$2,925,000
  • 12 Beds
  • 8 Baths
  • 8,104 Sq.Ft.
For Sale
$2,925,000 Get Pre-Qualified
Map preview of 2203 4Th Ave, Los Angeles, CA 90018

Property Overview: 2203 4Th Ave Los Angeles, CA has 12 bedrooms, 8 bathrooms, 8,104 living square feet and 14,010 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a large 14,006 square foot parcel, the property is comprised of four one-bedroom units and four two-bedroom units. Four of the units have private yards, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units with stainless steel kitchen appliances, quartz countertops, central AC/heat, new flooring, upgraded bathrooms, in unit wash & dryer, new windows & more. The continued gentrification of the surrounding area along with large floor plans and quality renovations makes 2203 4th Avenue an excellent investment opportunity poised for long term healthy returns.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 7 minutes ago | Last updated: January 12th, 2024 | Source CRMLS | DOM: 130
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Home details

Lot Sq. Ft
14,010
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23338815
City
Los Angeles
County
Los Angeles
Time on Site
153 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,355
  • Total Rent: $2,355
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,641
  • Total Rent: $2,641
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,979
  • Total Rent: $2,979
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,303
  • Total Rent: $2,303
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $598
  • Total Rent: $598
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,693
  • Total Rent: $2,963
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,083
  • Total Rent: $3,083
  • Pro Forma/Market Rent: $3,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.49%
  • Gross Rent Multiplier: 12.79
  • Gross Scheduled Income: --
  • Net Operating Income: $160,573
  • Gross Operating Income: $231,553
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2203 4Th Ave

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Property Details for 2203 4Th Ave

Interior Features
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5060025007
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Washington Boulevard & West of Arlington Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 2203 4Th Ave

Last sold for $2,175,000 on January 30th, 2019

  • May, 2024

  • May 8, 2024

    Date

    Withdrawn

    CRMLS: 23338815

    $2,725,000

    Price

  • Dec 11, 2023

    Date

    Active

    CRMLS: 23338815

    $2,925,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2023

  • Dec 11, 2023

    Date

    Active

    CRMLS: 23338815

    $2,925,000

    Price

  • October, 2022

  • Oct 19, 2022

    Date

    Expired

    CRMLS: 22175961

    $3,195,000

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: 22175961

    $3,195,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a large 14,006 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. Four of the units have patios, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units. The continued gentrification of the surrounding area along with large floor plans and quality renovations makes 2203 4th Avenue an excellent investment opportunity poised for long term healthy returns.

  • January, 2019

  • Jan 30, 2019

    Date

    Sold

    CRMLS: 18407534

    $2,175,000

    Price

  • Jan 2, 2019

    Date

    Active Under Contract

    CRMLS: 18407534

    $2,300,000

    Price

  • Dec 26, 2018

    Date

    Pending

    CRMLS: 18407534

    $2,300,000

    Price

  • Nov 30, 2018

    Date

    Active

    CRMLS: 18407534

    $2,300,000

    Price

  • Nov 22, 2018

    Date

    Pending

    CRMLS: 18407534

    $2,300,000

    Price

  • Nov 14, 2018

    Date

    Active

    CRMLS: 18407534

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. Located between Washington Boulevard and Adams Boulevard, the subject property is situated in the historic West Adams District. The offering presents an investor a truly unique opportunity to acquire a nearly vacant building in a rapidly gentrifying sub-market.The property consists of two buildings totaling 8,104 square feet on a 14,006 square foot parcel. The unit mix is comprised of four one-bedrooms and four two-bedrooms that will have seven out of eight units vacant at close of escrow. Due to its 1938 construction, the property is subject to Los Angeles rent control statutes.

  • January, 2019

  • Jan 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,175,000

    Price

  • August, 2018

  • Aug 1, 2018

    Date

    Sold

    CRMLS: 18307236

    $1,600,000

    Price

  • Jun 16, 2018

    Date

    Active Under Contract

    CRMLS: 18307236

    $1,795,000

    Price

  • May 31, 2018

    Date

    Active

    CRMLS: 18307236

    $1,795,000

    Price

  • Apr 19, 2018

    Date

    Active Under Contract

    CRMLS: 18307236

    $1,795,000

    Price

  • Apr 11, 2018

    Date

    Active

    CRMLS: 18307236

    $1,795,000

    Price

  • Apr 10, 2018

    Date

    Price Change

    CRMLS: 18307236

    $1,795,000

    Price

  • Feb 27, 2018

    Date

    Active Under Contract

    CRMLS: 18307236

    $2,200,000

    Price

  • Jan 25, 2018

    Date

    Active

    CRMLS: 18307236

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Awesome eight-plex in the heart of Mid City. Located in the Avenues of West Adams. Awesome mix of units. Four two bedroom one bath and four one bedroom one bath units. All units are individually metered(except for water). Each unit is approximately 1000 sq ft. The units sit on a large lot with over 14000sq ft. There are twelve covered parking spaces. Units have hardwood floors and spacious layouts with formal dining rooms and living rooms. Two of the units have private patios. Tenants are long term and are on a month to month. Shown with accepted offer. LOW RENTS CURRENTLY. HUGE UPSIDE POTENTIAL.

  • July, 2018

  • Jul 26, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

Show More

Tax History for 2203 4Th Ave

Assessed Value (2020): $2,218,500
Year Land Value Improved Value Assessed Value
2020 $1,331,100 $887,400 $2,218,500

Home Value Compared to the Market

This property vs the competition

2203 4Th Ave is listed 134.19% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $360.93 per/sqft which puts the price per square foot 53.37% lower than the median price per square foot for the city of Los Angeles.

About 2203 4Th Ave

Detailed summary of property

2203 4Th Ave is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 12 bedrooms, 8 bathrooms, roughly 8,104 living square feet, and sits on an approximately 14,010 square foot lot. 2203 4Th Ave was first listed on ArdentRealEstateGroup.com on December 11, 2023. The homeowner is currently asking $2,925,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 134.19% higher than the median priced home. Local competing homes currently for sale include 4400 W Washington Blvd, 4522 W 17th St and 1625 Vineyard Ave. While the average home in Los Angeles, CA is selling in 93 days, 2203 4Th Ave has a days on market of 130 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 2203 4Th Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2203 4Th Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
8,104
Lot Size
14,006
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5060-025-007

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
51
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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