$1,900,000
15 Bedroom/14 Bath Multi-Family apartment unit opportunity in the Westlake / Koreatown Area This centrally positioned multi-family property offers a compelling opportunity for investors seeking long-term upside in one of Los Angeles’ most established rental corridors. The building features 14 total units, comprised of 13 one-bedroom units and 1 two-bedroom unit. The unit mix is well suited to the surrounding rental market and offers meaningful opportunity for future repositioning. Existing rents and expenses are consistent with the property’s condition, presenting a clear path for increased performance through a thoughtful improvement strategy. Conveniently located near Koreatown, Downtown Los Angeles, Wilshire Blvd, and MacArthur Park, the property benefits from strong tenant demand, excellent walkability, and easy access to public transportation, employment centers, and neighborhood amenities. A solid acquisition for investors looking to add value in a core Los Angeles location. A MUST SEE!!!
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Listed by George Wright Gipson with West Shores Realty (310) 541-8000
Property Type
Multi Family
Status
Active
MLS Number
IN26031056
Year Built
1957
Lot Size
7,392 sq ft