The Maplewood Apartments at 4575 Maplewood Ave. This prominent mid-century design was built in 1961 and has been in the hands of the sameowners for 40 years. The unit mix at the 8,616-square-foot property (on a 7,550 square-foot lot) is two studio units, two one-bedroom/one-bath units, and six two-bedroom/one-bath units. With virtually no updates or renovations done on the building, The Maplewood Apartments represents a blank slate for a renovation-minded investor. The purchaser has the ability to remodel and update the units to attract higher-paying tenants who are moving to Koreatown for its hip vibe, cultural diversity, and walkability. The Maplewood Apartments is situated in LA's Koreatownneighborhood. This area north of Beverly Blvd and south of Melrose Ave. was previously overlooked by developers and apartment hunters. Now there are new numerous construction projects being built and proposed.
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.
