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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 : ResidentialIncome

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

  • Interior Features

    Appliances: Gas Oven, Range
    Laundry Features: Common Area

  • 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: Gated Community,Key Card Entry
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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
2961 W 8th Street, Los Angeles, CA, 90005 $1,250,000 6 2 3,001 3,001 SqFt
811 S Vermont Avenue, Los Angeles, CA, 90005 $1,699,000 -- -- 4,676 4,676 SqFt
747 S New Hampshire Ave.., Los Angeles, CA, 90005 $3,495,000 -- -- 14,188 14,188 SqFt
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 7,472 SqFt
749 S Berendo, Los Angeles, CA, 90005 $1,384,000 1 2 --
836 S Catalina Street, Los Angeles, CA, 90005 $2,250,000 8 8 5,322 5,322 SqFt
869 Irolo Street, Los Angeles, CA, 90005 $1,999,000 4 2 3,214 3,214 SqFt
741 S Hobart Boulevard, Los Angeles, CA, 90005 $3,999,000 15 -- 11,230 11,230 SqFt

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 07/30/2026 @ 06:20

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

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