4817-4845 Saint Charles Place
A 15-Unit Value-Add Opportunity on Three Parcels Totaling Over 14,000 Square Feet
Marketing description
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 15-unit apartment community located at 4817-4845 St Charles Place. The subject property is located just south of Venice Boulevard and east of La Brea Avenue across three contiguous parcels totaling 14,378 square feet.
The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area.
Situated on an oversized 14,378-square-foot parcel, the property is comprised entirely of studio units. The property has 43% remaining rental upside through unit renovations along with on-site parking and on-site laundry facilities.
4817-4845 St Charles Place presents investors a unique opportunity to acquire an asset with rare low-density construction in a highly sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential and development possibilities, make 4817-4845 St Charles Place an excellent acquisition opportunity.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Investment highlights
Low Density Community
Situated on a 14,378-Square-Foot Lot, the Offering is a Rare Low-Density Community in the Center of Los Angeles
A Neighborhood Poised for Rent Growth
Surrounded by Desirable Neighborhoods such as Country Club Park, Lafayette Square and Miracle Mile, Mid-City is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Expensive Neighboring Submarkets
Dense Infill Location Central to Employment & Entertainment
Located in Close Proximity to World-Class Shopping, Vibrant Restaurants, Museums, Cafes, Bars, Theaters, Grocery Stores, Gyms & Employment Opportunities Throughout Mid-City, Miracle Mile, West Adams, & Koreatown
Generational Opportunity
Long Term Ownership - The Subject Property Has Been Owned for 45 Years, Offering a Rare Acquisition Opportunity
Value-Add Opportunity
There is 43 Percent Remaining Rental Upside Through Interior Renovations
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