Welcome to a prime investment opportunity nestled in the heart of Koreatown. This 4-unit apartment complex offers a chance for investors or owner-occupants seeking a high-demand rental property in one of LA's most dynamic neighborhoods. Gated parking with two spaces per unit. In-unit laundry hook-ups and separate water heaters. Private balconies.Property Overview:Location: Situated in the coveted Koreatown district, this property enjoys proximity to an array of amenities including shopping centers, restaurants, entertainment venues, and public transportation hubs.Unit Mix: The complex comprises four spacious units thoughtfully designed to cater to the needs of urban dwellers. Each unit offers a blend of comfort, functionality, and modern conveniences. Each unit is Two Bedroom, two bathrooms on one level of approximately 1,170 square feet.Income Potential: With strong rental demand in Koreatown, this property presents an attractive income-generating opportunity for investors. The consistently high demand for housing in this area should provide stable rental income and potential for long-term appreciation.Spacious Layouts: Each unit boasts generous living spaces, providing residents with ample room for relaxation and entertainment.Investment Highlights:Strong Market Fundamentals: Koreatown continues to attract renters due to its central location, diverse cultural offerings, and vibrant atmosphere.Stable Cash Flow: With a proven track record of rental success, this property should offer a stable source of cash flow for investors.Value-Add Potential: While already well-maintained, there is potential for further enhancement and value-add opportunities to maximize rental income.Low Vacancy Rates: Demand for housing in Koreatown remains consistently high, resulting in low vacancy rates.Don't miss out on this exceptional investment opportunity in Koreatown, whether you're a seasoned investor looking to expand your portfolio or a newcomer!
Sold for $1,550,000
Zillow last checked:
Listing updated:
Bought with:
Sookie Huskey, DRE #01305467
Coldwell Banker George Realty
Source: CRMLS,MLS#: P1-17154
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2024 | Sold | $1,550,000+5.1%$331/sqft |
Source:  CRMLS #P1-17154 Report a problem | ||
| 8/1/2024 | Pending sale | $1,475,000$315/sqft |
Source: CRMLS #P1-17154 Report a problem | ||
| 5/29/2024 | Contingent | $1,475,000$315/sqft |
Source: CRMLS #P1-17154 Report a problem | ||
| 5/6/2024 | Listed for sale | $1,475,000$315/sqft |
Source: CRMLS #P1-17154 Report a problem | ||
| 4/26/2024 | Contingent | $1,475,000$315/sqft |
Source: CRMLS #P1-17154 Report a problem | ||
| 4/10/2024 | Listed for sale | $1,475,000$315/sqft |
Source: CRMLS #P1-17154 Report a problem | ||
Nearby homes
- $1,550,0008 bd4 ba4.6k sqft851 S New Hampshire Ave, Los Angeles, CA 90005Sold
- $1,551,10012 bd8 ba5.3k sqft843 S New Hampshire Ave, Los Angeles, CA 90005Off Market
- $---- bd1 ba-- sqft859 S New Hampshire Ave #203, Los Angeles, CA 90005Off Market
- $---- bd1 ba-- sqft859 S New Hampshire Ave APT 108, Los Angeles, CA 90005Off Market
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,692,900
