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$ 4,250,000
Est. payment /mo
Active
4208 Russell Avenue Los Angeles, CA 90027
10,786 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,786 sqft
Price per Sqft $394
MLS Listing ID CL26856983
HOA Y/N No
Year Built 1964
Lot Size 0.314 Acres
Acres 0.3143
Property Sub-Type Other
Property Description
Prime 13-Unit Los Feliz Multifamily Building | generates nearly $30,000 per month Gross. |Quiet Cul-de-Sac Street |10 Renovated Units | Secure Gated Parking. Positioned at the private, quiet end of a broad, tree-lined cul-de-sac. Offers a rare combination of exceptional stable income and an irreplaceable "urban oasis" setting. This 10,786-square-foot mid-century multifamily asset features 13 units in one of Los Angeles' most competitive rental corridors, currently generating nearly $30,000 per month in stable gross income. TURNKEY TURN-OVER: 10 out of the 13 units have been extensively upgraded. These light-filled units boast high architectural ceilings, functional modern layouts, and premium finishes that command top-market rents. THE CUL-DE-SAC ADVANTAGE: Unlike typical high-traffic corridor buildings, this property sits on a peaceful, low-traffic cul-de-sac surrounded by mature greenery. This creates a highly secure, private environment that actively drives long-term tenant retention and minimizes vacancy. PREMIUM INFRASTRUCTURE & GATED PARKING: The building features a fully gated perimeter and secure entry. A massive value-add in this supply-constrained market, every unit includes its own dedicated, secure gated parking space and an individual storage unit. Common area laundry facilities provide additional tenant convenience and baseline passive income. BORDER LOCATION DEMAND: Located in a premier pocket of 90027, tenants are walking distance to both Los Feliz Village (Hillhurst & Vermont avenues) and Silver Lake's Sunset Junction/Hyperion retail corridors. The asset offers immediate access to Griffith Park, major employment hubs, and top-tier neighborhood dining. This is a clean, low-maintenance asset primed for long-term appreciation, offering an investor immediate scale and clear upside potential on a peaceful, premier street.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5591022052
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Listed by Laura Meldere • Beverly & Company Luxury Properties