CA > Los Angeles
Los Angeles, CA 90027,4214 Sunset Dr
Los Angeles, CA 90027,4214 Sunset Dr
Los Angeles, CA 90027,4214 Sunset Dr
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,200,000
Est. payment /mo
9 Beds
9 Baths
5,388 SqFt
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UPDATED:

08/26/2024 06:17 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,388 sqft

Price per Sqft $408

MLS Listing ID 24-396177

Bedrooms 9

Year Built 1923

Lot Size 6,711 Sqft

Acres 0.1541

Property Description

4214 Sunset Drive is an 8-unit courtyard apartment community located in the Los Feliz sub-market. The offering offers investors a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation. 4214 Sunset Drive is a quintessential courtyard apartment community that consists of eight units in three separate buildings in the red-hot Los Feliz submarket. The unit layout consists of four (4) 1-Bedroom/1-Bathroom units, three (3) larger 1-Bedroom/1-Bathroom units (at the rear of the property), and one (1) 2-Bedroom/2-Bathroom unit. Residents are welcomed to a quiet and open courtyard replete with mature landscaping. The common areas can be taken to a new level and provide an urban oasis. Current ownership has conducted a top-to-bottom remodel of one rear unit, creating a spacious two-bedroom apartment. Upgrades include new hardwood floors, updated kitchen and bathrooms, new stainless steel appliances, modern fixtures and lighting, designer tiles in the kitchen and bathroom, and an in-unit washer/dryer. The remodeled unit is a proven path to achieve strong rents when units turnover. Additionally, one unit will be delivered vacant at the close of escrow, allowing the new owner to achieve market rent. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 4214 Sunset Drive is a short walk from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area Los Feliz

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Garage On street

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by KW Commercial Studio City

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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