This 5 unit apartment building built in 1923 has over 25% rental upside and is unique in unit mix offering 4 two bedroom units, and 1 one bedroom unit within4,700 of building square feet. Additionally there are 5 parking spaces. Conveniently located in Korea town the units are separately metered for gas and electricity. There is an attractive assumable loan with Chase Bank with a loan amount of approx. $570,000 and an interest rate of 3.49% fixed until May 2026. To create additional long term income, the Seller has started the process of obtaining permits to build a 3 bedroom ADU in the rear building with a separate entrance to each bedroom creating a co-living unit.
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DAYS ON MARKET
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1
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LAST UPDATED
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1/10/2025
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YEAR BUILT
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1923
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COMMUNITY
|
Mid Los Angeles
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COUNTY
|
Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| School District |
Los Angeles Unified |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Mid Los Angeles |
| HEAT |
Wall Furnace |
| LOT |
6630 sq ft |
| LOT DIMENSIONS |
49x135 |
| STORIES |
2 |
| ZONING |
LAP |
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Listed with Real Broker
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 1/10/25 7:16 PM PST 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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