Nestled in the heart of prime Koreatown, this 8-unit property offers an attractive investment opportunity with a versatile unit mix comprised of 1 studio unit, 6 one-bedroom units, and 1 two-bedroom unit, appealing to a wide range of tenants. Spanning approximately 6,080 square feet on a 5,749-square-foot lot, the property also features 7 to 8 tandem parking spaces. Currently generating a gross annual rent of approximately $145,224, the asset presents strong upside potential in rents. With a permit already pulled for the soft-story retrofit, a new roof underway, and several units recently updated, this property combines current income with clear value-add opportunities. Ideally located in a vibrant, walkable neighborhood near shops, dining, and public transit, this is a prime opportunity to invest in one of Los Angeles’ most dynamic and in-demand rental markets.
| MLS # | SR26094522 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 115 |
| Listing Provided By | Re/Max Luxe | Ashkan Etemad-Sadati |
| SQ Feet | 6,080 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.13 |
| Lot Features | No Landscaping |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Storm Drains, Street Lights, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,945,000 low | high Med: $1,750,000 sqft: 6,080 low | high Med: 5,204 $ / sqft: $320 low | high Med: $336 On site: 115 low | high Med: 122 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,945,000 low | high Med: $1,750,000 sqft: 6,080 low | high Med: 5,204 $ / sqft: $320 low | high Med: $336 On site: 115 low | high Med: 122 | |