Located just southeast of Normandie & Beverly in the heart of Koreatown, this classic Spanish-style 8-unit apartment building offers a rare blend of immediate income potential, long-term upside, and prime positioning in one of LA's strongest rental markets.Sitting on a 7,499 SF R4-zoned lot, this 6,711 SF building currently features… Read More eight oversized 1BR/1BA units, three of which are fully renovated and two delivered vacant, making it ideal for owner-users or investors looking to capture strong market rents right away. The property boasts significant capital upgrades, including copper/PEX plumbing, fresh exterior paint, renovated units, and new landscaping. Tenants enjoy classic hardwood floors, individual gas/electric meters, on-site laundry, and 6 gated parking spaces in the rear. Zoned LAR4, gives the opportunity for development in the future. Located minutes from Silver Lake, Downtown LA, and Dodger Stadium, and within walking distance to major Koreatown attractions and transit lines, this building checks all the boxes for location, stability, and future growth. Read Less
Property listed by The RFC Group, Jacob Hausman 310-275-5156
Listing Snapshot
Days Online
148
Last Updated
Property Type
Other
Square Ft.
6,711
Lot Size
0.17 Acres
Year Built
1923
MLS Number
25544713
30 Days Snapshot Of 90004
$2.23M
-27%
(avg) sold price
17
+70%
homes sold
87
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1923, Building area total: 6,711, Levels: Two, Living area: 6711, 2 stories, 1 building
Income
Gross income: $174,456, Net operating income: $122,119
Lot
0.1722 acres, 7,501 square feet, Size: 7,501
Parking
Assigned, Uncovered
Property
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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