5,906 Sqft Lot
5,906 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25036101
HOA Y/N No
Year Built 1989
Lot Size 5,906 Sqft
Property Sub-Type Apartment
Property Description
This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city's fastest-growing and most sought-after rental markets. Offering a strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location.
Property Highlights:
Unit Mix:
Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances—perfect for rental flexibility and maximizing income.
Four spacious 1-bedroom units on the third floor, ideal for steady rental demand.
Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential.
No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility.
Prime Location & Investment Potential:
Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value.
This is a rare chance to acquire a high-income-producing asset in one of LA's most dynamic submarkets. Don't miss out! Contact us today for more details.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LAR4
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Detached Carport
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5078013018
Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Homeowner Advisor | Realtor | License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com