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681 Shatto Place

Los Angeles, CA 90005
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Bed 1

Bed

Bath 30

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 : ResidentialIncome

Price : $5,299,000

AD Id : 79964013

MLS Id : 26839817

Beds : 1

Lot Size : 10,759 Sq. Ft

Living Area Size : 24,642 Sq. Ft

Year Built : 1923

County : Los Angeles

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Feature Features

  • Interior Features

    Appliances: GasOven, Range
    Laundry Features: CommonArea

  • Building Information

    Year Built: 1923
    Building Area Total: 24642
    Private Pool: No

  • Lot Information

    Main Square Feet: 10759 Lot Size Acres: 0.247 Lot Size Source: Assessor Lot Size Square Feet: 10,759

  • Listing Price Information

    Listing Price: $5299000

  • Tax Information

    Parcel Number: 5077010010

  • Location Information

    Direction: Take the 10 Freeway, exit Vermont AVe going north. Make a right on Wilshire Blvd, right on Shatto Pl. Security Features: GatedCommunity,KeyCardEntry
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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 6,310 Sq. Ft
2961 W 8th Street, Los Angeles, CA, 90005 $1,150,000 6 2 3,001 5,990 Sq. Ft
811 S Vermont Avenue, Los Angeles, CA, 90005 $1,699,000 -- -- 4,676 7,241 Sq. Ft
747 S New Hampshire Ave.., Los Angeles, CA, 90005 $3,495,000 -- -- 14,188 11,365 Sq. Ft
810 S Berendo Street, Los Angeles, CA, 90005 $4,500,000 30 30 12,747 7,252 Sq. Ft
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 8,702 Sq. Ft
743 S Berendo Street, Los Angeles, CA, 90005 $2,900,000 11 16 9,955 12,001 Sq. Ft
749 S Berendo, Los Angeles, CA, 90005 $1,384,000 1 2 -- 8,997 Sq. Ft
869 Irolo Street, Los Angeles, CA, 90005 $1,999,000 4 2 3,214 6,674 Sq. Ft
709 S Kingsley Drive, Los Angeles, CA, 90005 $6,850,000 21 21 11,216 6,758 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/15/2026 @ 10:07

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

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