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For SaleLuxury

$1,925,000

7,094 sqft$271/sqft59 days on market

4934 Maplewood Avenue

Los Angeles, CA 90004

· 8% down, 7% APR, 30yr fixed

10

Beds

10

Baths

7,094

Square feet

1961

Built

Listing narrative

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.

Listing agent (MLS): Jae Chang · Listing brokerage (MLS): Redpoint Realty

Property Details

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Price

$1,925,000

Beds

10 bd

Type

House

Home Size

7,094 sqft

Baths

10

Lot Size

0.17 acres

Year

1961

Status

For Sale

Days on Market

59

$ / Sqft

$271

· 8% down, 7% APR, 30yr fixed
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Courtesy of Redpoint Realty