4051 W 4th St Los Angeles, CA 90020
Koreatown NeighborhoodEstimated payment $8,667/month
About This Home
A unique opportunity to acquire a sizable multifamily asset in the core of Koreatown. Located at 4051 to 4065 West 4th Street, this property is one of the largest 8 unit buildings in the area, offering approximately 13,428 gross building square feet with each one bedroom one bathroom unit exceeding 1,000 square feet. Positioned prominently on the corner of 4th Street and Harvard Boulevard, the building features excellent corner lot curb appeal and strong visibility. The property offers individually metered units, 6 on site parking spaces, and ample street parking for residents and guests. The exterior has been exceptionally well-maintained and includes an upgraded roof, providing peace of mind for incoming ownership. While the exterior has been thoughtfully cared for, the interiors present a compelling value add opportunity combined with below market rents. Investors can capitalize on over 100% rental upside potential in one of Los Angeles' most in-demand rental submarkets, with an attractive current CAP of over 4.6%.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 8,838 Sq Ft Lot
Interior Spaces
- 8,259 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Driveway
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5503-006-001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,388 | $335,907 | $319,130 | $16,777 |
| 2024 | $5,388 | $329,322 | $312,873 | $16,449 |
| 2023 | $5,313 | $322,866 | $306,739 | $16,127 |
| 2022 | $5,122 | $316,536 | $300,725 | $15,811 |
| 2021 | $5,014 | $310,330 | $294,829 | $15,501 |
| 2019 | $4,895 | $301,408 | $286,085 | $15,323 |
| 2018 | $4,712 | $295,505 | $280,476 | $15,029 |
| 2016 | $4,394 | $283,763 | $269,586 | $14,177 |
| 2015 | $4,344 | $279,502 | $265,537 | $13,965 |
| 2014 | $4,414 | $274,028 | $260,336 | $13,692 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | Price Changed | $1,550,000 | -6.1% | $188 / Sq Ft |
| 03/09/2026 03/09/26 | Price Changed | $1,650,000 | -9.6% | $200 / Sq Ft |
| 01/21/2026 01/21/26 | Price Changed | $1,825,000 | +14.7% | $221 / Sq Ft |
| 12/30/2025 12/30/25 | For Sale | $1,590,529 | -- | $193 / Sq Ft |
Source: The MLS
MLS Number: 25631725
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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