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$ 1,690,000
Est. payment | /mo
9 Beds
5 Baths
$ 1,690,000
Est. payment | /mo
9 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25144913
Bedrooms 9
Property Sub-Type Res Income 2-4 Units
Property Description
Unbeatable Location! Location! Location! Nestled near the vibrant intersection of Olympic Blvd and Western Ave, just steps from Galleria Market and minutes to Downtown Los Angeles, this exceptional four-unit property is perfectly positioned for both lifestyle and investment growth. The building features a spacious 3-bedroom, 2-bath unit and three stylish 2-bedroom, 1-bath units three of which have been beautifully remodeled to meet modern tenant expectations. Each unit is separately metered for gas and electricity and equipped with upgraded air conditioning systems. Tenants cover all utilities except water, maximizing your net income. Secure, gated parking off 11th Street offers assigned spaces for each unit, with the added bonus of potential ADU development in the parking area a valuable opportunity for future expansion. Unit 1 boasts a desirable private wrap-around patio, a rare amenity that will attract quality tenants or landlord to live. This property is perfectly positioned to capitalize on strong rental demand. At market rents, the projected cap rate is an impressive, making this a standout addition to any portfolio. Situated in one of Koreatowns hottest growth corridors, surrounded by extensive new construction and renovation projects, this property offers significant rental upside in an investor-friendly neighborhood. Quick freeway access and proximity to Downtown LA further elevate this exceptional investment opportunity.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Corner of 11th and Hobart Blvd
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5080018012
Listed by Daniel Yoo Dream Realty La Crescenta