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4203 W Council Street, Los Angeles, CA 90004

$5,450,000

$628 per ft²

18 Bed

18 Bath

8,678 Sq Ft

0.1768 Acres

Listing Office: KW Commercial Studio City

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Fully renovated 18-unit apartment building delivering an attractive 7.5% cap rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry, countertops, vanities, and fixtures. The property offers strong curb appeal with fresh exterior paint and professional landscaping, creating an inviting tenant experience. Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles, as well as excellent walkability to dining, entertainment, and cultural amenities. With its prime location and strong income profile, 4203 Council Street represents an ideal investment for buyers seeking immediate cash flow and long-term appreciation.

Listing Agent: Nick Astrupgaard

License Number: 01893466

Offered by: KW Commercial Studio City

Office Phone: 818-432-1500

MLS: #26723965

California Regional MLS

Date Added: 04/14/2026 12:00:00 am

Last Update: 04/14/2026 10:07:44 pm

Days on Market: 2

Exterior

Parking: On Street, Parking spaces: 0

Construction

General: 2

Location

Originating MLS: CRMLS_CL
County: Los Angeles

Lot

Zoning: LAR3, 5518004008

Financial

Source: CRMLS_CL

Property

Year Built: 1923
Type: Multi-Family
Neighborhood: Wilshire Center
Parcel #: 5518004008

04/14/2026$5,450,000@ 628 per ft²Listed

04/14/2026Active

Listing Broker

Tade Keshishyan

1 @

License #: 02190628

Email: [email protected]

Phone: 8183592303

Location: CA

Last Updated: 04/14/2026 10:07:44 pm

Offered by: Nick Astrupgaard, 01893466, 818-432-1580 @ KW Commercial Studio City

MLS: #26723965

Source: California Regional MLS

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4203 W Council Street, Los Angeles, CA 90004 is a 18 Bed, 18 Bath, 8,678 Sq Ft, 0.1768 Acres, Multi-Family built in 1923.

This property is currently available and was listed by California Regional MLS on 04/14/2026 12:00:00 am. The MLS # for the property is MLS #26723965.