Exceptional Investment opportunity with 12-Unit Apartment in the convenient Wilshire Center neighborhood. The Prime location of Korea-town with GRM 12.31 and CAP 5.98. It is fully occupied and one unit will be vacant in Apr, 2025. You can get quality tenants easily from many offices on Wilshire Blvd and restaurants/cafes form 6th ST. Panoramic City Views from the balconies and many windows for natural light and airy interior. This consists of 9 Units of 2B/2B, 2 Units of 1B/1B and 1 Unit of Single. Upgrades include Earthquake Retrofit, replacing sewer lines, copper plumbing pipes and new entrance doors. Meticulous renovations in 4 units with modern kitchens and nice finishes. New A/C for 6 units, new stoves for 8 units, and Stacked Laundry for 4 Units were installed in units. Units are equipped with refrigerator and laminate flooring. The Exterior is just freshly painted. 21 parking spaces with 10 CCTV security and a storage (extra income) are offered. Separate gas and electric meters. Built in 1963, this well-maintained 3-story property sits on a quiet corner at 4th St and Oxford Ave. This is a prime rental area of Los Angeles teeming with countless businesses, markets, restaurants, cafes, schools, banks, shopping, theaters, high-rise buildings, and convenient access to Metro and Bus stations. This is in close proximate to Hancock Park, Larchmont Village, Hollywood, DTLA, and offers easy access to Fwy 101.
|
DAYS ON MARKET
|
167
|
LAST UPDATED
|
4/15/2025
|
|
YEAR BUILT
|
1963
|
COMMUNITY
|
Mid-Wilshire
|
|
GARAGE SPACES
|
8.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Dec 6, '24
|
$3,888,000
|
|
Dec 6, '24 - Feb 10, '25 |
$3,790,000
|
|
Feb 10, '25 - Feb 21, '25 |
$3,750,000
|
|
Feb 21, '25 - Mar 3, '25 |
$3,695,000
|
| Mar 3, '25 - Today |
$3,599,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Mid-Wilshire |
| GARAGE |
Assigned, Yes |
| HEAT |
Wall Furnace |
| LOT |
9015 sq ft |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| STORIES |
3 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights,Trees/Woods |
| ZONING |
LAR3 |
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Listed with Keller Williams Beverly Hills
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/25 11:09 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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