See all 7 photos
7 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,490,000
Est. payment /mo
14,520 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,520 sqft
Price per Sqft $309
MLS Listing ID CL26858349
HOA Y/N No
Year Built 1961
Lot Size 0.326 Acres
Acres 0.3261
Property Sub-Type Other
Property Description
100% Leased. Stabilized Asset. Perfect for a 1031 Exchange. Offered as a highly motivated Trust Sale! Free and clear of debt, NO court confirmation required! This 20-unit multifamily delivers immediate, verified cash flow at a 6.22% cap rate, with a clear path to 8.41% pro-forma as the ~80% of below-market units turn over. Set at the gateway between Hancock Park and Koreatown, built 1961 on a 14,201 SF LAR3 lot (14,520 SF building); 16 1BD/1BA + 4 2BD/2BA units. A rare 1.15:1 subterranean parking ratio (23 spaces, well above submarket norm) drives strong tenant retention. Individually metered gas & electric, with water sub-metering currently being installed unit-by-unit. Steps to Metro B & D Line - with renter demand accelerating ahead of the 2028 LA Olympics!
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5516022017
Read Less Info
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Yong Su Koh • Urban Real Estate, Inc.