Rare opportunity to acquire a centrally located 4-unit multifamily property in the heart of Los Angeles. Located in the highly desirable Pico-Union / Koreatown submarket, this property offers strong rental demand, excellent accessibility, and significant long-term upside.
Built in 1921, the property sits on a large 7,488 square foot LAR3 zoned… Read More lot, offering investors potential value-add and future redevelopment opportunities. With limited multifamily inventory available in this high-demand rental market, this property represents an attractive opportunity for investors seeking both current income and long-term appreciation.
Conveniently located just minutes from Downtown Los Angeles, Koreatown, and USC, tenants benefit from easy access to major employment centers, public transportation, restaurants, and entertainment.
LAR3 Development Opportunity – 7,488 SF Lot in Central Los Angeles” Read Less
Property listed by OneTop Realty, Sang Gae 714-469-7987
Listing Snapshot
Days Online
1
Last Updated
Property Type
MixedUse
Lot Size
0.17 Acres
Year Built
1921
MLS Number
PW26049046
Additional Details
Building
Built in 1921, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Urban
Cooling
WallWindowUnits
Expenses
Insurance: $2,066, Water/Sewer: $3,900
Fireplaces
None
Garage
4 spaces
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Gross Income: $60,942, Gross ScheduledIncome: $60,942, Net Operating Income: $60,342
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
