$9,990,000

4085 W 7th St Los Angeles, CA 90005

Koreatown Neighborhood

Estimated payment $64,423/month

Total Views 12,028
48 Beds
48 Baths
29,020 Sq Ft
$344 Price per Sq Ft

Highlights

  • Gated Parking
  • Wood Flooring
  • Subterranean Parking
  • 0.62 Acre Lot
  • Corner Lot
  • Built-In Features

About This Home

UNIT MIX: 2Bed, 1.75Bath x 20. 1Bed, 1Bath x 8. Actual Monthly Income: $53,200/mo. $638,400/yr. FIRST TIME ON THE MARKET in over two decades, this self-run/easy managed 28-unit RC/HPOZ apartment is situated in the quiet small pocket of Wilshire Park in greater Mid-Wilshire area, just a block south from Windsor Square-Hancock Park with an average home price of over $6 million +. This apartment comes with an ample subterranean gated parking for 20 cars in addition to plenty more street parking with District #566 Permit Exempt dedicated for sufficient parking allocation in the neighborhood. It has a community laundry, hardwood floored units with amazing sizeable layouts reminiscent of good-ole heydays when spaces weren't any concerns and built on a massive 27,000 SF RD2 corner-lot with huge open COURTYARD. A quick 10 min-walk to Wilshire/Western Metro station, an easy 10 min-drive to DTLA and Beverly Hills to east and west. All units have been remodeled within the last ten years per owner. All units are current on their rents with majority long-termed lessees. Showing/Inspection upon "accepted offer" DRIVE-BY ONLY! For all inquiries, email L/A. Phone calls will not be answered.

Listing Agent

Peter Yoo

High Equity Real Estate Service, Inc. License #01449891 Listed on: 06/27/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 0.62 Acre Lot
  • South Facing Home
  • Gated Home
  • Corner Lot

Home Design

  • Flat Roof Shape

Interior Spaces

  • 29,020 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Leased Washer and Dryer

Kitchen

  • Gas Cooktop
  • Microwave
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 48 Bedrooms
  • 48 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 20 Parking Spaces
  • Subterranean Parking
  • Private Parking
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Water Heater

Community Details

  • 28 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5092-009-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 29020
  • Lot Acreage: 0.6241
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Carpet
  • Appliances: Cooktop - Gas
  • Bedrooms: 48
  • Common Walls: Attached
  • Kitchen Features: Laminate Counters, Remodeled
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 48.00
  • Equipment: Garbage Disposal, Microwave, Refrigerator, Gas Or Electric Dryer Hookup, Built-Ins, Ceiling Fan
  • Price Per S Q F T: 344.25

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: No
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 20
  • Garage Structures: 1
  • Parking Garage: Subterranean, Gated, Private
  • Total Parking: 20

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 14.29
  • Assessed Improvement Value: 696039
  • Assessed Land Percent: 85.71
  • Assessed Land Value: 4176299
  • Total Assessed Value: 4872338
  • Assessor Parcel Number: 5092-009-030
  • Lot Location: Corner Lot
  • Lot Size Area: 27186

Rental Info

  • Total Actual Rent: 638400.00
  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.50
  • Number Of Units: 28
  • Rent Control: 100
  • Total Annual Expense: 160000
  • Type Of Units: 28
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 For Sale $9,990,000 -- $344 / Sq Ft
Source: The MLS

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 24-407923

The MLS
California Los Angeles County Los Angeles 90005 Koreatown

4085 W 7th St, Los Angeles, CA

This home is located at 4085 W 7th St, Los Angeles, CA 90005 and is currently priced at $9,990,000, approximately $344 per square foot. This property was built in 1955. 4085 W 7th St is a home located in Los Angeles County with nearby schools including Wilshire Park Elementary School, John Burroughs Middle School, and Los Angeles Senior High School.

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Nearby Homes
Listing Agent
Peter Yoo
Section Image
High Equity Real Estate Service, Inc.
(213) 500-4635