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$ 3,700,000
Est. payment | /mo
12,294 SqFt
$ 3,700,000
Est. payment | /mo
12,294 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,294 sqft
Price per Sqft $300
MLS Listing ID CL26844845
HOA Y/N No
Year Built 1960
Lot Size 0.258 Acres
Acres 0.2584
Property Sub-Type Other
Property Description
Twelve of the nineteen units have been fully renovated to a high-end specification, quartz countertops, stainless appliances, split-system A/C, hardwood-style flooring, and updated baths. The remaining units present a clear, repeatable renovation path with approximately 20% rental upside. At full market rents the cap rate expands from 6.02% to 8.96%, one of the most compelling current-to-market spreads available in mid-market Koreatown.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5502019006
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Listed by Mark Ventre • Lyon Stahl Investment Real Estate, Inc.
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