4934 Maplewood Avenue,Los Angeles, CA 90004
Los Angeles, CA 90004
Description
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.
Details
| MLS # | 26986331 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 14 |
| Listing Provided By | Redpoint Realty | Jae Chang |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 7,094 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Fireplace Yes / No | Yes |
Exterior
| Security Features | Gated Community, Smoke Detectors |
|---|---|
| Construction Materials | Stucco |
| Foundation Details | Pillar Post Pier |
Parking
| Parking Features | Assigned |
|---|
Utilities
| Sewer | Other |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,925,000 low | high Med: $799,400 sqft: 7,094 low | high Med: 1,576 $ / sqft: $271 low | high Med: $532 On site: 14 low | high Med: 96 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,925,000 low | high Med: $799,400 sqft: 7,094 low | high Med: 1,576 $ / sqft: $271 low | high Med: $532 On site: 14 low | high Med: 96 | |
