8-unit building cash flowing at a 5.35% Cap Rate from day 1 with upside to almost a 7% Cap on Proforma! Preliminary plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.4% Current Cap Rate, 11.6% Proforma Cap, and only 167k/unit after taking into… Read More 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
5
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
$564k
-30%
(avg) sold price
1
-50%
home sold
193
+271%
(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
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