Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights… Read More are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $116,184 , 6.5% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate. Read Less
Courtesy of Sunnyside Group 213-388-5000
Listing Snapshot
Days Online
64
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,032
Lot Size
0.14 Acres
Year Built
1906
MLS Number
25597289
30 Days Snapshot Of 90006
$595k
+16%
(avg) sold price
7
+16%
homes sold
50
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4,032 sq ft, Built in 1906, Levels: Two
Cooling
Wall/Window
Disclosures
Property Report
Garage
Uncovered, Private
Lot
LotAcreage: 0.144, LotSizeArea: 6,274, Corner Lot
Parking
OpenOtherSpacesTotal: 10, TotalParking: 10
Property
NumberOfUnits: 6, Zoning: LAR4
Roof
Tile
Sewer
In Street
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