Thank you
Bryce Cheng
Ko Tai Realty
626-285-8333
Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies.Property Overview:Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs.Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1,170 square feet.Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation.Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment.Investment Highlights:Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere.Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors.Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income.Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates.Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Roof : Flat,Rolled/Hot Mop,Spanish Tile
Exterior Property Features : Awning(s),Lighting
Interior Features: Balcony,Block Walls,Crown Molding,Laminate Counters,Multiple Staircases,Storage,Unfurnished,Bedroom on Main Level
Windows: Wood Frames
Property Appliances: Exhaust Fan,Gas Water Heater,Water Heater
Fireplace: None
Flooring: Carpet,Laminate,Vinyl
Wall/Window Unit(s)
Air Conditioning
Natural Gas,Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1921
Building Area Total: 4,684
Construction: Block,Drywall,Glass,Stucco
Roof: Flat,Rolled/Hot Mop,Spanish Tile
Awning(s),Lighting
Raised
Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s),Security Lights
None
None
Washer Hookup,Gas Dryer Hookup,Inside,Laundry Room
Fair Condition
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1723
Lot Size Source: Public Records
Lot Size Square Feet: 7506
Original List Price: 1,475,000
Listing Contract Date: 2024-04-09
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5094013007
Garage Description: Assigned,Driveway Level,Gated,On Site,Off Street,Paved,One Space
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood:
Postal Code Plus 4: 4926
Directions: North of James M Wood, South of 8th St.
Zoning: R4-2
Source Property Type: Residential Income
Property SubType: Apartment
Property Age: 103
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 12
Entry Location: 1st Floor
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
822 S Windsor Boulevard.., Los Angeles, CA,90005 | $799,000 | 2 | 1 | 1,290 | 8980 Sqft |
854 S Normandie Avenue, Los Angeles, CA,90005 | $4,900,000 | -- | -- | -- | 13240 Sqft |
836 S Catalina Street, Los Angeles, CA,90005 | $2,250,000 | 8 | -- | 5,322 | 7249 Sqft |
821 S Wilton Place, Los Angeles, CA,90005 | $3,985,000 | 1 | -- | 10,786 | 8999 Sqft |
837 S Berendo Street #1, Los Angeles, CA,90005 | $2,050,000 | 8 | -- | 5,732 | 7499 Sqft |
826 S Gramercy Place, Los Angeles, CA,90005 | $2,400,000 | -- | -- | 6,293 | 7499 Sqft |
2885 Francis Avenue, Los Angeles, CA,90005 | $1,995,000 | 12 | -- | 5,846 | 8057 Sqft |
702 Crenshaw Boulevard, Los Angeles, CA,90005 | $1,950,000 | 10 | 5 | 2,691 | 10491 Sqft |
4027 Leeward Avenue, Los Angeles, CA,90005 | $1,590,000 | 4 | 2 | 2,168 | 7236 Sqft |
670 Crenshaw Boulevard, Los Angeles, CA,90005 | $1,999,000 | 8 | 5 | 4,903 | 6196 Sqft |
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ByOwner last updated this listing 05/22/2024 @ 11:47
MLS: P1-17154
LISTED BY: Bryce Cheng, Ko Tai Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.