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4203 Council st
Los Angeles, CA 90004 Koreatown

$5,450,000 USD

Multifamily For Sale • 8,677 SF

Property Details

Property Type Multifamily
Total Building Size 8,677 SF
Year Built 1923
Cap Rate 7.50 %
Zoning LAR3

80 Transit Score

80 Walk Score

                
                    Highlights
                
                                Strong in-place income provides immediate cash flow with no lease-up risk
                            
                                16 units completely rebuilt from the studs in 2023 with permits
                            
                                Two (2) newly constructed detached ADUs completed in 2024, not subject to rent control
                            
                                Eighteen (18) spacious 1 Bed / 1 Bath units totaling ~8,677 SF on a 7,700 SF LAR3 lot
                            
                                Separately metered for gas and electricity, reducing owner operating costs
                            
                                New roof, plumbing, electrical, panel, HVAC systems, and dual- pane windows throughout

Property Flyers

ApartmentExperts_4203Council_OM_Apr2026

Financial Summary (Actual)

Net Operating Income: $408,815 USD (2025)

Cap Rate:	7.50 %
Total Expenses:	$116,464 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	4.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.5 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	12 min	0.6 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	11.2 mi
Los Angeles International	27 min	-	14.3 mi
Long Beach (Daugherty Field)	38 min	-	25.4 mi

Rich Johns 213-305-9026 KW Commercial

4203 Council st Los Angeles, CA 90004 Koreatown