Description
Prime 6-Unit Investment Property in the Heart of Koreatown " 6% Cap Rate & No City Rent Control!This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city's fastest-growing and most sought-after rental markets. Offering a strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location.Property Highlights:Unit Mix:Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances"perfect for rental flexibility and maximizing income.Four spacious 1-bedroom units on the third floor, ideal for steady rental demand.Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential.No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility.Prime Location & Investment Potential:Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value.This is a rare chance to acquire a high-income-producing asset in one of LAs most dynamic submarkets. Dont miss out! Contact us today for more details.
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0.14ACRES
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01/2 BATHS
School Ratings & Info
Description
Prime 6-Unit Investment Property in the Heart of Koreatown " 6% Cap Rate & No City Rent Control!This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city's fastest-growing and most sought-after rental markets. Offering a strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location.Property Highlights:Unit Mix:Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances"perfect for rental flexibility and maximizing income.Four spacious 1-bedroom units on the third floor, ideal for steady rental demand.Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential.No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility.Prime Location & Investment Potential:Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value.This is a rare chance to acquire a high-income-producing asset in one of LAs most dynamic submarkets. Dont miss out! Contact us today for more details.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T23:27:21.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.