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  • 4203 Council Street

4203 Council Street, Los Angeles, CA 90004

$5,195,000 Approx. USD 18 beds, 18 baths
8,678 sqft

Reduced by $130,000 on 8/5/2026
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Photo of Lisa Perich

Lisa Perich REALTOR® - Sales Associate 619-865-1022 m
619-865-1022 o
Lic#: 01489346
NRDS ID: 196535431
Lisa@TeamCairncross.com Text Me
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Lic#: 01489346
NRDS ID: 196535431
Lisa@TeamCairncross.com La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
 La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Listing Agent


Nick Astrupgaard | nastrupgaard@kw.com
Lic#: 01893466
Broker: Courtesy of KW Commercial Studio City
Phone: 818-432-1580

Co Listing Agent


Rich Johns | richjohns@kw.com
Lic#: 01432215
Broker: Courtesy of KW Commercial Studio City
Phone: 213-305-9026

Agent Remarks

2nd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% 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 Details

Property type: (Multi-Family)
Status: Active
MLS# 26856817
List price is $5,195,000 Reduced by $130,000 on 8/5/2026
Price: $5,195,000
Beds: 18
Baths: 18
Built in 1923
8,678 sqft
2 stories
0.18 acres
Lot size: 0.1768
County: Los Angeles
Zoning: LAR3
Parking description: On Street
MLS area: C17 - Mid-Wilshire

Last Updated: 8/5/2026

 Days On Market (DOM): 30

 Find more Los Angeles homes and real estate

 Find more homes in 90004 zip code

This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.075455, -118.300734.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lisa Perich

Lisa Perich REALTOR® - Sales Associate 619-865-1022 m
619-865-1022 o
Lic#: 01489346
NRDS ID: 196535431
Lisa@TeamCairncross.com Text Me
Call My Cell
Call My Office
Lic#: 01489346
NRDS ID: 196535431
Lisa@TeamCairncross.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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