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4651 Council St, 
Los Angeles, CA 90004

$2,500,000


12

Beds


11

Baths


7,444

Sq Ft


Multi-Family

Active

Listed by

Neema Ahadian

Marcus & Millichap

310-909-5500

Last updated:

June 25, 2025, 02:16 PM

MLS#

25556547

Source:

CA CLAW

About This Home

4651 Council St

We are pleased to present a seven-unit investment opportunity in Koreatown at 4651 Council St, a corner lot just south of Beverly Blvd. The property features an ideal unit mix of two one-bedrooms and five two-bedrooms with 10 parking spaces; the soft story retrofit work has been completed. Ownership has completed full renovations of five units with upgrades including in-unit washers & dryers, vinyl plank flooring, stainless steel appliances, new kitchen cabinets and tile backsplashes, new plumbing fixtures and improvements, new drywall, paint, and base moldings, and energy efficient LED lighting, among others. In addition to interior unit renovations, ownership has recently completed exterior and common area capital expenditures including LED lighting, house panel and subpanel upgrades, new door numbers, new landscaping, and new paint throughout the common areas. Opportunity to acquire an asset with little to no deferred maintenance and strong in-place cash flow at a 6.02% CAP rate and 11.00 GRM on current income with an additional 16% rental upside. High Walk Score of 93, close proximity to schools, employment, and transit options; Central location makes it convenient for residents to commute throughout the city to nearby neighborhoods such as Downtown LA, East Hollywood, Hollywood, Westlake, and Mid-City, among others. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the highly coveted submarkets in all of Los Angeles.

Home Facts

Multi-Family

11 Baths

12 Bedrooms

Built in 1958

Price Summary

2,500,000

$335 per Sq. Ft.

MLS #:

25556547

Last Updated:

June 25, 2025, 02:16 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

11

Interior

Living Area:

7,444 Sq. Ft.


Structure

Structure

Year Built:

1958


Lot

Lot Size (Sq. Ft):

7,424


Finances & Disclosures

Finances

Price:

$2,500,000

Price per Sq. Ft:

$335 per Sq. Ft.

Source:CA CLAW
The information being provided by The MLS/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 The MLS/Claw All rights reserved.

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