$ 2,200,000
-
$2,200,000
Price -
10
Bed -
18
Bath -
5,216
SqFt
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About the Listing CLW-X74016 - CLW-X60748,CLW-X63925
We present a prime 6-unit investment property centrally located in Koreatown, one of Los Angeles' most sought-after neighborhoods. Offering a solid 5.47% cap rate and not subject to LA City Rent Control (RSO), this building consists of two large 2bd+2ba+Den units on the second floor and four spacious 1bd+1ba units on the third floor. The ground level offers eight side-by-side parking spaces. There is a bonus outdoor area perfect for BBQ and lounging in the rear. The property is fully occupied by responsible tenants, ensuring stable cash flow. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. This property benefits from strong rental demand due to its proximity to Wilshire Blvd, major transit lines, trendy cafes, top-tier dining, grocery markets and shopping. This is a rare opportunity to acquire a prime, turnkey asset in one of LA's most dynamic and high-growth submarkets.
Listing Highlights for 1038 Dewey Ave
Status
Active
Days on Site
68
Property Type
Multi-Family
MLS ®
25557051
Year Built
1989
Total Square Footage
5,216
Lot/Acreage
0.14
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 10
- Bathrooms: 18 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: LAR4
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Covered,Gated,Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5078013018
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1038 Dewey Ave Los Angeles, CA 90006
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