Property listed by New Star Realty, David Kim 213-385-4989
$1,750,000
PRIME INVESTMENT OPPORTUNITY IN KOREATOWN/HANCOCK PARK ADJACENT AREA! Exceptional 4-unit property located in one of Los Angeles' most desirable and rapidly appreciating neighborhoods. This well-maintained building offers a perfect blend of stable income and potential upside in a location that continues to see strong rental demand. PROPERTY HIGHLIGHTS:… Read More *Four spacious units with functional floor plans enogh to convert all 3 bd 2 ba *Prime location near Larchmont Village, Hancock Park, and Koreatown *Minutes to downtown LA, Hollywood, and major employment centers *Close proximity to Metro stations for convenient city access *Walking distance to popular restaurants, cafes, and boutique shops *Nearby attractions include The Grove, LACMA, and Paramount Studios. INVESTMENT ADVANTAGES: *Strong rental market with high occupancy rates in the area *Potential for value-add improvements to increase ROI *Multi-unit property in a neighborhood with limited new development *Favorable rent-to-price ratio compared to similar Los Angeles submarkets opportunity to capitalize on Los Angeles' persistent housing shortage. This property represents a rare opportunity to acquire a multi-unit building in an established Los Angeles neighborhood with exceptional growth potential. Perfect for investors seeking stable cash flow with appreciation upside in one of Southern California's most resilient real estate markets. Schedule your private showing today! Read Less
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,576
Lot Size
0.16 Acres
Year Built
1922
MLS Number
25514425
30 Days Snapshot Of 90004
$1,336k
-17%
(avg) sold price
12
-14%
homes sold
70
+70%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1922, Building area total: 5,576, Levels: Two, Living area: 5576, 2 stories, 1 building, Architectural style: Colonial, Construction materials: Stucco
Community
Gated
Accessibility Features
Accessibility features: None
Fireplaces
FamilyRoom
Floors
Tile
Heating
NaturalGas, WallFurnace
Income
Gross income: $144,000, Net operating income: $107,000
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.
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