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$1,650,000
$1,795,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
8 Baths
3,399 SqFt
SOLD DATE : 07/01/2026
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,399 sqft
Price per Sqft $485
MLS Listing ID 26782991
Sold Date 07/01/26
Bedrooms 3
Year Built 1906
Lot Size 6,747 Sqft
Acres 0.1549
Property Sub-Type Multi-Family
Property Description
Huge 200k Price Reduction! 8-unit building cash flowing at a 6.75% Cap Rate from day 1 with upside to an 8.3% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 12.1% Current Cap Rate, 13.3% Proforma Cap, and only 154k/unit after taking into account all the construction costs (~680k assuming $250/SF). Large 6,770 SF R4 Lot with TOC Tier 3 designation for future development potential. 5 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, and more. Prime Koreatown location just minutes away from the Wilshire/Vermont Metro station as well as many hip neighborhood attractions, restaurants, bars, and shops such as The Line Hotel, Quarters KBBQ, Calic Bagels, H-Mart, Wi Spa, KURVE on Wilshire ($300M 644-unit luxury high-rise development) and many more.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Ceiling Fan
Equipment Hood Fan
Exterior
Parking Features Gated
Building
Level or Stories Two
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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