Property listed by High Equity Real Estate Service, Inc., Steven Bae 310-528-5240
$2,750,000
Excellent opportunity to acquire a 12-unit multifamily property in the highly desirable Koreatown submarket of Los Angeles. The property features a well-balanced unit mix consisting of eight one-bedroom units, along with a combination of studio and bachelor units, offering strong rental demand and stable tenancy.Situated on a quiet residential street… Read More with convenient access to Wilshire Blvd, Olympic Blvd, Downtown Los Angeles, and major employment centers, the property benefits from a central location with strong tenant appeal.The asset presents a value-add opportunity with rental upside potential as units turn over and can be repositioned to market rents. The property also features on-site parking, a desirable amenity in this dense urban location.The property may be purchased individually or together with the adjacent 932 S Fedora St, offering a combined 24-unit portfolio opportunity.Ideal for investors seeking long-term growth, steady cash flow, and the ability to enhance value through strategic management in one of Los Angeles' most dynamic rental markets. Read Less
Listing Snapshot
Days Online
32
Last Updated
Beds
8
Square Ft.
7,100
Lot Size
0.15 Acres
Year Built
1961
MLS Number
26666307
Additional Details
Building
Built in 1961, Living area: 7100.0, 1 building, 1 storey, Levels: One
Cooling
CentralAir
Heating
None
Income
Gross Income: $152,844, Net Operating Income: $91,662
Lot
0.147 acres
Parking
18 total parking spaces, Covered
Taxes
Parcel Number: 5094023013, Zoning: R4-1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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