Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$2,800,000
**INDIVIDUALLY METERED:** Tenants pay their own electricity, reducing owner operating expenses.**CLOSE PROXIMITY TO 2028 OLYMPIC VENUES:** Located in close proximity to major venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues include the LA Coliseum, Crypto.com Arena, & BMO Stadium.**UNIQUE CHARACTER ASSET:** Distinctive architectural… Read More character with timeless appeal.**ATTRACTIVE BASIS:** Priced at $100,000/unit with a 7.10 GRM, offering investors a compelling entry point.**VALUE-ADD POTENTIAL:** 22% rental upside remaining through interior renovations.**LONG TERM OWNERSHIP:** Same ownership for 20+ years a rare acquisition opportunity.**DENSE INFILL LOCATION CENTRAL TO ENTERTAINMENT AND NIGHTLIFE:** Situated near Koreatown and Downtown Los Angeles, offering renters convenient access to entertainment and nightlife. Read Less
Listing Snapshot
Days Online
21
Last Updated
Beds
2
Square Ft.
13,539
Lot Size
0.2 Acres
Year Built
1922
MLS Number
26671293
Additional Details
Building
Built in 1922, Living area: 13539.0, 1 building, 3 stories, Levels: ThreeOrMore
Income
Gross Income: $394,116, Net Operating Income: $189,514
Lot
0.1977 acres
Parking
None
Taxes
Parcel Number: 5154026020, Zoning: LAR4
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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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