Prime 6-Unit Investment Property in the Heart of Koreatown – 6% Cap Rate & No City Rent Control! This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city's fastest-growing and most sought-after rental markets. Offering a… Read More strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location. Property Highlights: Unit Mix: Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances—perfect for rental flexibility and maximizing income. Four spacious 1-bedroom units on the third floor, ideal for steady rental demand. Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential. No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility. Prime Location & Investment Potential: Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value. This is a rare chance to acquire a high-income-producing asset in one of LA’s most dynamic submarkets. Don’t miss out! Contact us today for more details. Read Less
Property listed by Lifetime Realty Inc, Soon Wook Kwon 714-900-6404
Listing Snapshot
Days Online
85
Last Updated
Property Type
Apartment
Lot Size
0.14 Acres
Year Built
1989
MLS Number
PW25036101
30 Days Snapshot Of 90006
$893k
+21%
(avg) sold price
2
-50%
homes sold
66
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1989, Building area total: 5,216, Levels: ThreeOrMore, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
StreetLights, Sidewalks
Cooling
WallWindowUnits
Expenses
Insurance expense: $4,620, Maintenance expense: $600, New taxes expense: $23,650, Operating expense: $37,246, Water sewer expense: $7,320
Fireplaces
None
Garage
8 spaces
Income
Gross income: $169,920, Net operating income: $129,276
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
