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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.
Property Type(s):
Residential Income
| Last Updated | 3/26/2025 | Year Built | 1963 |
|---|---|---|---|
| Community | Mid-Wilshire | Garage Spaces | 8.0 |
| County | Los Angeles |
Price History
| 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 |
Additional Details
| 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 |
Location
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Listed with Keller Williams Beverly Hills
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