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NEW LISTING - 8 units between Larchmont Village and Koreatown!

4803 Elmwood Ave., Los Angeles, CA

Offered for $1,550,000 (Only $193,750 per unit)
GRM = 9.9x at current rents!
Net income = $84,000
***
Offering Memorandum:
​​CLICK HERE: 4803 Elmwood – OM.pdf​
I am pleased to present an exceptional, high-yield acquisition opportunity on the border of Larchmont Village and Koreatown (90004).
This stable 8-unit apartment building delivers an unbeatable combination of protective entry-level metrics and immediate value-add rental upside.
Unlike most value-add deals on the market, this asset offers tremendous day-one security with strong existing cash flow and is 100% occupied.
INVESTMENT HIGHLIGHTS: 
  • Elite Entry Metrics: Operating at an exceptional 5.4% CAP rate and a low 9.9 GRM at current rents.
  • Retrofit Completed: The costly and intrusive Los Angeles soft-story seismic retrofit has already been completed, saving the incoming buyer thousands in immediate CapEx.
  • 100% Occupied & Low Expenses: The building is fully occupied with stable tenancy. All 8 units are individually metered for both electricity and gas, keeping ownership’s utility overhead to an absolute minimum.
  • Strong Unit Mix: Balanced perfectly with (4) 2-bedroom + 1-bathroom units and (4) 1-bedroom + 1-bathroom units—the ideal layout for capturing premium market rents upon natural turnover.
  • Desirable Parking Asset: Includes 7 dedicated carport parking spaces, providing a massive competitive advantage in a dense, parking-scarce rental pocket.
  • Prime 90004 Location: Boasts an 80 Walk Score and 80 Transit Score. Residents enjoy a highly walkable neighborhood just blocks from Larchmont Village charm, Koreatown dining, and direct commuter corridors into DTLA and Hollywood.
This is a premier, defensive asset tailored for a 1031 exchange or any investor looking to secure strong day-one yield while executing a classic interior renovation play over time.
Please feel free to contact me at 310.903.7706 with any questions!
Thanks for looking.

David Schuchman

Roque & Mark Co.
2802 Santa Monica Blvd. | Santa Monica, CA 90404

310.828.7525 | David@roque-mark.com | www.Roque-Mark.com

DRE: 01472937

• BED 12
• BATH 8
• SQ/FT 6848

$1,550,000

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