About this home

**INVESTOR / FLIP OPPORTUNITY IN THE KOREATOWN CORRIDOR!** Opportunity knocks at **4115 Council Ave, Los Angeles** - a **4-bedroom, 2-bath** property offering strong upside for investors, flippers, contractors, and value-add buyers looking to capitalize on one of Central Los Angeles' most active and centrally located residential markets. The property consists of **two units, with one unit currently vacant and the second unit occupied on a month-to-month tenancy**, offering added flexibility for an investor evaluating renovation, repositioning, or future occupancy strategies. The property presents an excellent canvas for renovation and modernization, with the potential to create a highly marketable finished product in a desirable Central Los Angeles location. Its four-bedroom, two-bath configuration provides multiple possibilities for an experienced investor seeking to maximize value through strategic improvements. Located within the greater **Koreatown corridor**, the property benefits from the energy, convenience, and continued demand associated with one of Los Angeles' most dynamic urban neighborhoods. Commonly known as **"K-Town,"** Koreatown is recognized for its vibrant restaurant scene, nightlife, cafes, markets, shopping, entertainment venues, and dense mix of residential and commercial activity. Its central location provides convenient access to Downtown Los Angeles, Hollywood, Mid-Wilshire, major employment centers, transit, and some of the city's most popular cultural and entertainment destinations. For a seasoned flipper, the opportunity is clear: modernize the interiors, update kitchens and baths, enhance curb appeal, improve functionality, and reposition the property for today's buyer or investor market. **Bring your contractor, designer, and vision.** With one unit vacant and the second on a month-to-month tenancy, this property offers both immediate access and added flexibility for a buyer looking to execute a value-add strategy in the highly desirable Koreatown/Central Los Angeles market. **Ideal for:** Fix-and-flip investors, contractors, developers, value-add buyers, or investors seeking renovation upside and flexible occupancy in a strong Central Los Angeles location. * SEE SUPPLEMENTS FOR FOUNDATION REPORT AND MARKET RENT INFO.

Facts and features

Schools

• Alexandria Avenue Elementary School

  elementary · K-5 · 0.2 mi

  8

• Virgil Middle School

  middle · 6-8 · 0.5 mi

  7

• Belmont Senior High School

  high · 9-12 · 2.4 mi

  3

• Beverly Christian Academy, Inc.

  elementary · K · 0.4 mi

• Harvard Elementary School

  elementary · K-5 · 0.3 mi

  6

• Cahuenga Elementary School

  elementary · K-5 · 0.4 mi

  7

Price history

• Sep 8, 2026 · Listed$949,900
• May 12, 2026 · Listing Removed—
• Apr 23, 2026 · Listed$949,000
• Oct 19, 2018 · Listing Removed$999,000
• Oct 19, 2018 · Listing Removed$1,400,000
• Dec 7, 2017 · Listing Removed$999,000
• Jun 8, 2017 · Listed$999,000
• May 31, 2017 · Listing Removed$1,400,000

Tax history

• 2025$4,148 tax · $330,427 assessed
• 2024$4,094 tax · $323,949 assessed
• 2023$4,022 tax · $311,371 assessed
• 2022$3,847 tax · $305,267 assessed
• 2021$3,787 tax · $299,282 assessed
• 2020$3,820 tax · $296,215 assessed
• 2019$3,678 tax · $290,408 assessed
• 2018$3,604 tax · $284,714 assessed

Home value

$926,061

• Quantarium$926,061
• Cotality$908,500
• Collateral Analytics$940,000

Where it is