Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
N/A
Just Listed- this incredible 37 Unit Value-Add Opportunity in the heart of Koreatown. Property is located 1 block North of Wilshire Blvd and has been held by the same owner since the mid 1990’s. Koreatown is a thriving market with many new developments taking place and a strong demand for housing in the area. There’s significant rental upside (44% +/-), creating long term value for the next owner. The property has a common area laundry, on grade gated parking, secure entrance, individually metered for gas / electricity, and has a pool in the back! The property has great curb appeal with a gated security entrance and on grade parking. There is a podium style parking garage, with 30 spaces and 4 spots out front and is not subject to any soft story retrofit requirements. This building is an attractive investment, in a prime location. Generational property in a thriving market.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.3882
-
Property Type
Residential Income
Exterior
-
Garage
Yes
-
Garage spaces
33
Financial
-
Sales Price
$8,816,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Justin McCardle , GIG Real Estate Inc.
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