Price $2,499,000
Status Active
Beds 12
Baths 12 Baths
Home size 5,758 sqft
Lot Size 7,493 sqft
Days on Market 34
5% CAP based on actual. Value-Add Opportunity with Below Market Rents. 7 UNITS PER TITLE featuring 12 income generating units. All 1 bedroom or studio units; and each unit has its own bathroom. 9 total parking spaces (6 assigned parking spaces plus 3 common parking spaces). This is a great investment opportunity featuring a robust net operating income (NOI). Two buildings (Building 1 is a six unit apartment building. Building 2 is a SFR building). High demand and desirable Koreatown Los Angeles. Located west of Downtown L.A. and its financial district and south of Hollywood, the hip neighborhood Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Colleges nearby, including UCLA, USC, Southwestern Law School, and Mount St. Mary's College. This is a rare gem in LA. R4 High Medium Residential. Multiple Dwelling Zone. EZ Enterprise Zone.
Property Type(s): Residential Income
Last Updated 5/27/2021 Tract Not Applicable - 1007242
Year Built 1908 Community Koreatown
County Los Angeles

Additional Details

AREA Koreatown
LOT 7492 sq ft
STORIES 2
SUBDIVISION Not Applicable - 1007242
ZONING LAR4

Location

 

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Listing provided by : James Kim CalDRE: 01474579, Keller Williams Exclusive Properties

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