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$ 9,200,000
Est. payment /mo
Pending
3333 W 4th Street Los Angeles, CA 90020
62,532 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 62,532 sqft
Price per Sqft $147
MLS Listing ID CL26850557
HOA Y/N No
Year Built 1926
Lot Size 0.333 Acres
Acres 0.3328
Property Sub-Type Other
Property Description
***MAY BE PURCHASED INDIVIDUALLY OR IN COMBINATION WITH ANY OR ALL OF 100 N KENMORE, 601 N ROSSMORE, 1311 INGRAHAM & 508 S HOBART*** 3333 W 4th St is a classic 65-unit, six-story prewar apartment building in Los Angeles, originally constructed in 1926. The property showcases the scale and architectural detail characteristic of its era, featuring a large, welcoming lobby, elevator service, and numerous preserved period elements that give the building a distinctive identity. Its facade and common areas reflect true 1920s craftsmanship, offering a sense of character and permanence that differentiates it from more contemporary assets. The unit mix consists primarily of spacious studios and one-bedroom apartments averaging approximately 650 square feet. Residences are well-proportioned, with high ceilings, hardwood floors, and large windows that provide strong natural light. Many units retain original details while incorporating functional updates, creating attractive living spaces that appeal to today's renters seeking charm and authenticity in a central location. Situated in the Wilshire Center-Koreatown neighborhood of Los Angeles, the property benefits from a highly central setting with excellent walkability and strong access to public transportation, including nearby Metro rail and bus lines that connect efficiently to Downtown Los Angeles, Hollywood, and major employment centers. Koreatown remains one of the city's most active and supply-constrained rental submarkets, supported by a dense mix of dining, nightlife, and cultural destinations that continue to attract a broad tenant base. From an investment perspective, 3333 W 4th St presents a compelling value-add opportunity. Current rents are below market in several instances, providing meaningful rental upside through strategic unit renovations and improved management. In addition, the building offers clear opportunities to enhance common areas and elevate the resident experience. The expansive lobby, in particular, presents a unique opportunity for repositioning into a coworking lounge, shared workspace, or upgraded resident amenity area - features that align well with evolving tenant preferences in this submarket. With its scale, irreplaceable vintage architecture, and multiple pathways to increase income and modernize amenities, 3333 W 4th St offers investors the opportunity to unlock value while preserving a character-rich Los Angeles asset. Note: The subject property has been identified by LADBS as p
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5502008005
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Listed by Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY
NEARBY SCHOOL & BUSINESS