For Sale Multi-Family MLS# 26986331

4934 Maplewood Avenue

Los Angeles, CA 90004

$1,925,000

california-regional-mls-rsd logo

About 4934 Maplewood Avenue

4934 W Maplewood Ave is a fully stabilized, 100%-occupied 8-unitmultifamily investment opportunity ideally situated in a highly desirable pocket immediately adjacent to Hancock Park, one of Los Angeles' most prestigious and enduring residential neighborhoods. Built in 1961,the Property is a well-maintained, two-story courtyard-style apartment building totaling approximately 7,094 square feet on a 7,261 square foot, LAR3-zoned lot. The unit mix consists of six one-bedroom/one-bath residences and two spacious two-bedroom/one-and-a-half-bath residences, served by onsite gated carport parking. Residents enjoy exceptional walkability (Walk Score of 92/100) to the shops, cafes, and boutiques of Larchmont Village, the tree-lined estates of Hancock Park and Windsor Square, and the retail corridors along Melrose and Western Avenues, with convenient access to Koreatown, Hollywood, and Downtown Los Angeles. With in-place rents below prevailing market levels for this submarket, he Property presents an investor with a rare combination of stable current income and long-term upside as leases roll to market over time, n one of the Westside-adjacent corridor's most supply-constrained residential pockets.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1961
Stories
2
Living area
7,094 sqft
Price / sqft
$271
Lot
0.1667
Original price
$1,925,000
MLS #
26986331

Interior

Features
Bath, Electric, Gas, Kitchen, Fireplace
Flooring
Laminate
Heating
Wall Furnace
Laundry
Common Area

Exterior & lot

Features
Mid-Century Modern, Parking spaces: 8
Construction
Stucco
Foundation
Pillar/Post/Pier
Lot
LAR3
View
City Lights
Parking
Assigned

Schools

District
Los Angeles Unified School District

Utilities

Utilities
Other
Sewer
Other
Security
Gated Community, Smoke Detector(s)

Financial

Parcel
5522018019
Special conditions
Standard

Location

Area
C18 - Hancock Park-Wilshire
County
Los Angeles
Neighborhood
Larchmont
Directions
Maplewood between N. St. Andrews Pl and Western Ave.

Ask about this property

Questions on 4934 Maplewood Avenue, Los Angeles, CA 90004, or want to see it in person?

Listed by Jae Chang, Redpoint Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.