Active

681 Shatto Place

Los Angeles, CA 90005
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Bed 0

Bed

Bath 0

Bath

SqFt24,642

Sqft

SqFt10,759

Sqft(Lot)

JNM Realty proudly presents, on an exclusive basis, 681 Shatto Pl, an extremely well-managed and maintained thirty (30) unit, non-brick apartment building in the heart of Koreatown, one (1) block from the brand new Wilshire/Vermont Metro Station and across the street from Southwestern Law School. The property features twenty-four (24) large Studio units and six (6) 1-bedroom/one-bathroom units. Twenty-four (24) units are renovated and there is over 45% potential upside for non-renovated units. Renovated units feature new kitchens, flooring, electrical systems, and new appliances. Five (5) units will be delivered vacant at close. The property has been excellently maintained over the past 12 years, resulting in an easy-to-manage tenant base and quality finishes on capital expenditures and un it renovations. The opportunity offers an astounding 6.92% going-in cap rate and only $215/sqft with 45% upside potential for non-renovated units. With the proper financing, a buyer could achieve a 9.00% cash-on-cash return based on in-place numbers. JNM Realty manages over 3,500 properties in Los Angeles and Orange County and is available to manage this asset for buyers. All offers are encouraged.

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Detail Ic Property Details

Property Type : Residential Income

Price : $5,299,000

AD Id : 79964013

MLS Id : 26839817

Lot Size : 10,759 Sqft

Living Area Size : 24,642

Year Built : 1923

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 0

    Bathroom Information

    Total Baths: 30 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Gas Oven,Range

  • Building Information

    Year Built: 1923 Building Area Total: 24,642
  • Security Features

    Gated Community,Key Card Entry
  • Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.247
  • Lot Size Source: Assessor Lot Size Square Feet: 10759

  • Listing Price Information

    Original List Price: 5,299,000 Listing Contract Date: 2026-05-27
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5077010010

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: Take the 10 Freeway, exit Vermont AVe going north. Make a right on Wilshire Blvd, right on Shatto Pl. Zoning: LAR5 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 103 Year Built Source: Assessor Total Square Feet Living: 24642 Levels or Stories: Three Or More,Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
830 S Hoover Street, Los Angeles, CA, 90005 $2,495,000 6 -- 8,080 8,080 SqFt
2939 Leeward #212, Los Angeles, CA, 90005 $1,199,999 3 3 1,690 1,690 SqFt
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 7,472 SqFt
743 S Berendo Street, Los Angeles, CA, 90005 $3,200,000 12 -- 9,955 9,955 SqFt
836 S Catalina Street, Los Angeles, CA, 90005 $2,250,000 8 -- 5,322 5,322 SqFt
741 S Hobart Boulevard, Los Angeles, CA, 90005 $3,999,000 15 -- 11,230 11,230 SqFt
705 S Gramercy Place, Los Angeles, CA, 90005 $1,490,000 6 -- 3,640 3,640 SqFt
838 S Gramercy Place, Los Angeles, CA, 90005 $1,790,000 11 -- 6,324 6,324 SqFt
4016 Ingraham, Los Angeles, CA, 90005 $799,000 5 2 2,902 2,902 SqFt
860 1/2 S Wilton Place, Los Angeles, CA, 90005 $1,100,000 3 2 1,520 1,520 SqFt

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ByOwner last updated this listing 06/14/2026 @ 17:54

MLS: 26839817 LISTED BY: Demis Dokhanian, JNM Realty, INC. 310-746-5923 SOURCE: CRMLS

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