15 Bedroom/14 Bath Multi-Family apartment unit opportunity in the Westlake / Koreatown Area This centrally positioned multi-family property offers a compelling opportunity for investors seeking long-term upside in one of Los Angeles’ most established rental corridors. The building features 14 total units, comprised of 13 one-bedroom units and 1 two-bedroom unit. The unit mix is well suited to the surrounding rental market and offers meaningful opportunity for future repositioning. Existing rents and expenses are consistent with the property’s condition, presenting a clear path for increased performance through a thoughtful improvement strategy. Conveniently located near Koreatown, Downtown Los Angeles, Wilshire Blvd, and MacArthur Park, the property benefits from strong tenant demand, excellent walkability, and easy access to public transportation, employment centers, and neighborhood amenities. A solid acquisition for investors looking to add value in a core Los Angeles location. A MUST SEE!!!
| MLS # | IN26031056 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 207 |
| Listing Provided By | West Shores Realty | George Wright Gipson |
| SQ Feet | 6,624 |
|---|---|
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.17 |
| Security Features | Carbon Monoxide Detectors, Resident Manager, Smoke Detectors |
|---|---|
| Lot Features | Eleven To Fifteen Units Acre, Corner Lot |
| Fencing | Fair Condition, Wrought Iron |
| Utilities | Cable Connected, Electricity Connected, Water Connected |
|---|---|
| Electric | Electricity On Property |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,900,000 low | high Med: $1,371,944 sqft: 6,624 low | high Med: 3,419 $ / sqft: $287 low | high Med: $424 On site: 207 low | high Med: 141 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,900,000 low | high Med: $1,371,944 sqft: 6,624 low | high Med: 3,419 $ / sqft: $287 low | high Med: $424 On site: 207 low | high Med: 141 | |