Price Reduction! 8-unit building cash flowing at a 5.5% Cap Rate from day 1 with upside to a 7.1% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.6% Current Cap Rate, 11.8% Proforma Cap, and only 164k/unit after… Read More taking into account all the construction costs (~680k assuming $250/SF). Large 6,770 SF R4 Lot with TOC Tier 3 designation for future development potential. 5 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, and more. Prime Koreatown location just minutes away from the Wilshire/Vermont Metro station as well as many hip neighborhood attractions, restaurants, bars, and shops such as The Line Hotel, Quarters KBBQ, Calic Bagels, H-Mart, Wi Spa, KURVE on Wilshire ($300M 644-unit luxury high-rise development) and many more. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
53
Last Updated
Property Type
Other
Beds
3
Square Ft.
3,399
Lot Size
0.16 Acres
Year Built
1906
MLS Number
25556971
30 Days Snapshot Of 90006
$808k
+20%
(avg) sold price
5
+25%
homes sold
102
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins
Building
3,399 sq ft, Built in 1906, Levels: Multi/Split
Cooling
Window Unit(s)
Disclosures
None
Garage
Uncovered
Heating
Wall Electric
Lot
LotAcreage: 0.1549, LotSizeArea: 6,771
Parking
TotalParking: 9
Property
NumberOfUnits: 8, Zoning: LAR4
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
