Investment Opportunity 21-Unit Vintage Multifamily. Adjacent to Koreatown. Step into a rare chance to own a cash-flowing, low-maintenance multifamily asset in one of Los Angeles' most dynamic rental markets. This 21-unit, 3-story brick building offers investors stable income today with substantial upside tomorrow. Unit mix includes… Read More 9 spacious one-bedroom apartments + 12 efficient singles. Prime Location adjacent to Koreatown, minutes from Downtown LA, USC, and major transit corridors. Strong Renter Demand surrounded by a dense, vibrant neighborhood with endless dining, shopping, and nightlife. Cash Cow where current tenancy provides steady, reliable cash flow with minimal management headaches. Upside Potential with current below market rents. Vintage architecture with room for modernization, rental growth, and value-add strategies. Low Turnover and easy-to-manage tenants create a stable ownership experience. This property is positioned in one of LA's fastest-growing submarkets, attracting professionals, students, and long-term renters alike. Koreatown continues to experience rising rents, strong absorption, and revitalization projects, making this asset a prime opportunity for long-term appreciation. Ideal for value-add investors seeking to unlock untapped potential while benefiting from strong in-place income Read Less
Property listed by Epique Realty, Peter Paik 888-893-3537
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
9
Square Ft.
12,642
Lot Size
0.14 Acres
Year Built
1913
MLS Number
25590793
30 Days Snapshot Of 90006
$672k
-21%
(avg) sold price
10
+233%
homes sold
72
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1913, Building area total: 12,642, Levels: MultiSplit, Living area: 12642, 1 building
Expenses
Electric expense: $36,000, Insurance expense: $8,099, Maintenance expense: $6,000, New taxes expense: $37,080, Trash expense: $16,800
Heating
WallFurnace
Income
Gross income: $340,596, Net operating income: $187,927
Lot
0.1444 acres, 6,290 square feet, Size: 6,290
Parking
None
Pool
None
Property
Zoning: LAC2
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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