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$ 1,600,000
Est. payment | /mo
8 Beds
6 Baths
3,564 SqFt
$ 1,600,000
Est. payment | /mo
8 Beds
6 Baths
3,564 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,564 sqft
Price per Sqft $448
MLS Listing ID 25589379
Bedrooms 8
HOA Y/N No
Year Built 1962
Lot Size 5,519 Sqft
Property Description
We present a well-maintained fourplex investment opportunity ideally located in prime Koreatown, one of Los Angeles' most dynamic and high-demand neighborhoods. With a solid 4.10% CAP rate and a GRM of 15.63%, this asset offers stable income and long-term growth potential. The unit mix includes one (3bd+2ba), one (2bd+2ba+den), one (2bd+1ba) and one (1bd+1ba). Two units have been thoughtfully refreshed and are now occupied by new tenants. The building features fresh exterior paint, separate gas and electric meters, washer and dryer hookups in each unit, and 5 covered car parking spaces. Fully occupied by reliable tenants, the property delivers consistent cash flow. Its proximity to major transit lines, markets, shopping, and dining supports strong rental demand and low vacancy. This is a rare opportunity to acquire a well-performing, low-maintenance asset in one of LA's most resilient and accessible submarkets.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned, Covered, Carport
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Architectural Style See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5080013022
Special Listing Condition Standard
Listed by Johnny Cho Keller Williams Realty Los Feliz