Thank you
Sooyoun Kim
Masters Realty & Investment
213-385-6500
Welcome to an outstanding investment opportunity! This well-maintained 5-unit property is situated in vibrant Koreatown. With desirable R3 zoning and located within an Opportunity Zone, this investment holds great potential. Tenants have consistently paid 100% rent, even during the pandemic, ensuring stability. Plus, with current below-market-rate rents, there's significant room for growth. Perfect for investors considering a 1031 exchange, this property offers reliable income in a thriving market. Additionally, there's potential for an ADU to be built on the property. Don't miss your chance to secure a lucrative addition to your portfolio.
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Total Bedrooms : 10
Total Baths: 6
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1963
Building Area Total: 4,106
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1356
Lot Size Source: Assessor
Lot Size Square Feet: 5908
Original List Price: 1,495,000
Listing Contract Date: 2024-03-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5078022021
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C17 - Mid-Wilshire
Postal Code Plus 4: 3251
Directions: Fedora St/ 12th St
Zoning: LAR3
Source Property Type: Residential Income
Area: C17 - Mid-Wilshire
Property Age: 61
Year Built Source: Assessor
Total Square Feet Living: 4106
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1637 S Vermont Avenue, Los Angeles, CA,90006 | $2,600,000 | -- | -- | -- | 12750 Sqft |
1833 W Pico Boulevard, Los Angeles, CA,90006 | $1,350,000 | -- | -- | -- | 6247 Sqft |
980 S Oxford Avenue #403, Los Angeles, CA,90006 | $770,000 | 3 | 2 | 1,324 | 15497 Sqft |
1661 S Normandie Avenue, Los Angeles, CA,90006 | $1,200,000 | 2 | 1 | 3,396 | 6208 Sqft |
1421 Courtland Avenue, Los Angeles, CA,90006 | $900,000 | -- | -- | 2,087 | 3941 Sqft |
1144 Elden Avenue, Los Angeles, CA,90006 | $3,000,000 | 18 | -- | 9,758 | 7000 Sqft |
1138 S Mariposa Avenue, Los Angeles, CA,90006 | $1,499,000 | 8 | -- | 4,064 | 5904 Sqft |
1125 S Lake Street, Los Angeles, CA,90006 | $968,000 | 9 | 4 | 4,117 | 8579 Sqft |
943 S Normandie Avenue #1, Los Angeles, CA,90006 | $420,000 | 1 | 1 | 338 | 4140 Sqft |
1217 S Kingsley Drive, Los Angeles, CA,90006 | $890,000 | 3 | -- | 1,597 | 5899 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 10:00
MLS: 24368315
LISTED BY: Sooyoun Kim, Masters Realty & Investment
SOURCE: CRMLS
Buyer Agency Compensation: 2%
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.