Less than three blocks south of Wilshire Boulevardand just west of Normandie Avenue, the property is in the heart of Koreatown. Built in 1972, the building consists of an attractive unit mix of (3) 1+1's, (2) 2+1's, (1) 2+2's, and (2) 3+2's. Most of the units have been remodeled, which provides an ease of management. Residents can enjoy the convenience of on-site laundry facilities and ample parking - (10) spaces (8 tuck-under, 2 uncovered). An investor could find value in the strong current income of approximately $183,000 annually and the additional proven rental upside potential of over ten percent (10%) in a highly desirable and densely populated rental market that has continually seen growth and redevelopment, making it a highly sought-after neighborhood, especially for younger residents, that sustain high market rents due to its walkability and close proximity to retail and metro - only four blocks from the Purple Line's Wilshire/Normandie Station.
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.
