714-745-2708

4203 Council Street, Los Angeles, CA 90004

$5,195,000 Approx. USD 18 beds, 18 baths
8,678 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Nick Astrupgaard | nastrupgaard@kw.com
Lic#: 01893466
Broker: Courtesy of KW Commercial Studio City
Phone: 818-432-1580

Co Listing Agent

Rich Johns | richjohns@kw.com
Lic#: 01432215
Broker: Courtesy of KW Commercial Studio City
Phone: 213-305-9026

Agent Remarks

2nd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry, countertops, vanities, and fixtures. The property offers strong curb appeal with fresh exterior paint and professional landscaping, creating an inviting tenant experience. Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles, as well as excellent walkability to dining, entertainment, and cultural amenities. With its prime location and strong income profile, 4203 Council Street represents an ideal investment for buyers seeking immediate cash flow and long-term appreciation.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26986945

Price: $5,195,000

Beds: 18

Baths: 18

Built in 1923

8,678 sqft

2 stories

0.18 acres

Lot size: 0.1768

County: Los Angeles

Zoning: LAR3

Parking description: On Street

MLS area: C17 - Mid-Wilshire

Last Updated: 9/18/2026

Days On Market (DOM): 16

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.075455, -118.300734.
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