A great opportunity to purchase a 10 unit multifamily investment property located in Koreatown with 6,580 sqft building size on a 5,900 sqft corner lot. 5.4% current cap rate, 5.5% current cash on cash and 12.9 current GRM. It offers a great unit mix of (10) 1+1, ideal for the local rental market. The property has tremendous upside potential in rents, excellent curb appeal, one remodeled unit, long frontage on 12th street, large patios, individually metered electric and gas utilities, and individual water heaters in each unit. The property is located in a prime rental location, one block to boutique businesses, lively restaurants and bars on Pico Blvd. Located just 2 miles from LA Live and the Staples in one of the highest population densities of any neighborhood in Southern California. Street parking only.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
