$5,325,000
-$125,0004203 W Council Street, Los Angeles CA 90004
Multi-Family (18 Units)
Property type
52 days
On market
$614
Price per sqft
N/A
Garage
1923
Year built
7,702 sqft
Lot size
Open Houses
Overview
Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 7.75% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The...
Listing provided by: Nick Astrupgaard DRE #01893466 818-432-1580, KW Commercial Studio City, Rich Johns DRE #01432215 213-305-9026, KW Commercial Studio City
Listing updated: Jun 4, 2026 at 07:20pm.
Last checked: Jun 4, 2026 at 08:00pm
Source: CRMLS #26723965
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 1 | 1 | — | $2,509 | $40,143 | $41,520 | Unfurnished |
| 2 | 1 | 1 | — | $2,626 | $5,252 | $5,190 | Unfurnished |
# of Buildings: 2
# of Units Total: 18
Financial Snapshot
Gross Rent Multiplier
9.8x
List Price / Annual Gross Rent
Cap Rate
7.75%
NOI / List Price
Net Operating Income: $412,731
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: On Street
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5518004008
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 4203 W Council Street, Los Angeles, CA 90004. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,260,000
Total Interest
$5,433,395
Total Payment
$9,693,395
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$32,623
per month
Property History for 4203 W Council Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90004.
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