4803 Elmwood Ave , Los Angeles, CA 90004
$1,550,000
Est. Payment: $8,145.92/mo
12 Bed
8 Bath
6848 Sqft
0.16 Acres
Status: active | Days on site: 8
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CLW-S04161 - CLW-X66442
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House Description

Roque & Mark Co. is please to present this metrics-driven value-add opportunity in a highly central, supply-constrained 90004 location! Perfectly positioned right where the historic charm of Larchmont Village meets the booming economic and rental density of Koreatown, this stable 8-unit building is an investor's dream, boasting an incredible 5.4% CAP rate and a conservative 9.9 GRM on current rents. The soft-story seismic retrofit has already been completed, eliminating immediate CapEx exposure for the next owner. The property features an optimal, highly marketable unit mix consisting of (4) 2 beds + 1 bath units and (4) 1 bed + 1 bath units. Investors can systematically modernize unit interiors upon natural turnover to capture rental upside in a neighborhood commanding elite market premiums. In a dense submarket where parking is fiercely competitive, the building offers a distinct tenant advantage with 7 dedicated carport spaces. Boasting a spectacular 80 Walk Score and 80 Transit Score, residents enjoy seamless access to local boutique shopping, premier dining corridors, and quick commutes into DTLA, Hollywood, and the Miracle Mile employment hubs. The property is subject to Los Angeles rent control.

Highlights

Listed by David Schuchman , 310-828-7525 Roque & Mark Company, Inc. , 310-828-7525. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1955

County

Los Angeles

Area

C18 - Hancock Park-Wilshire

Listing ID

26104771

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:8
Appliances:Dishwasher, Disposal, Microwave
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:7
Zoning:LAR3
Others:
  • ▪ Additional:2+ Total Units
Sewer:Other
Parking Features:Carport
Principal Interest
$8,146
Taxes
$988

Home Price

$1,550,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$310,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,145.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,145.92 $988.13 $0.00 $9,134.04
Yearly $97,751.01 $11,857.50 $0.00 $109,608.51
Total $2,932,530.22 $355,725.00 $0.00 $3,288,255.22

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-06T23:30:37.000Z

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