DO NOT walk on the property or disrupt tenants. Contact Listing Agent for property showing instructions."Well-maintained three-story, 17 units apartment complex located in prime and highly desirable Korea Town. It built in 1991 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists 14 units of 2 BR/2 BA and 3 units of 1 BR/1 BA, is situated in a highly desired rental market strong investor and tenant demand. Gated entrances, 2 levels of parking and elevator to all floors. Convenient for work and entertainment; just 2 blocks from Wilshire Blvd. and 5 minutes to Wilshire / Western Metro Station. Convenient access to FWY 10, 101 and 110. Easy access and walking distance to major markets, restaurants, banks, schools, healthcare facilities, and other business. All units have central air and heat, and have separate gas and electric meters. The monthly gross income is approximately $30K; the on-site laundry room generates additional income. This property offers excellent potential for long-term income and appreciation.PLEASE TEXT AGENT: MARIAN WONG 626-497-2353 OR 626-263-0882SEND OFFERS TO: marianwong.realty@gmail.com. <>
DAYS ON MARKET
|
40
|
LAST UPDATED
|
3/20/2025
|
YEAR BUILT
|
1991
|
COMMUNITY
|
Koreatown
|
GARAGE SPACES
|
26.0
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
AIR |
Central Air |
AIR CONDITIONING |
Yes |
APPLIANCES |
Dryer, Washer |
AREA |
Koreatown |
GARAGE |
Assigned, Controlled Entrance, Covered, Yes |
HEAT |
Central |
LOT |
7252 sq ft |
LOT DESCRIPTION |
16-20 Units/Acre |
PARKING |
Assigned,Controlled Entrance,Covered |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
3 |
WATER |
Public |
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Listed with REGA Management
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 4/29/25 5:07 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
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