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This lovingly maintained 6 unit property is located North of Olympic in highly desirable Country Club Park, adjacent to Koreatown. The property has a brand new roof and electrical panel with new wiring throughout the building. The plumbing is almost all copper and 5 of the 6 water heaters are new. 5 of the 6 unit interiors have been updated with wood laminate flooring and new cabinets & fixtures in kitchens and bathrooms. The units are all functionally 2 Bedrooms but legally 1 BR plus den. It has a current 4.63% cap rate and 11.83 GRM with 25% upside on the rents. The lot is Huge, over 9,000 SF. Check with city for the potential to add an ADU for more income
Property Type(s):
Residential Income
| Last Updated | 3/15/2025 | Year Built | 1946 |
|---|---|---|---|
| Community | Hancock Park-Wilshire | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Gas Cooktop |
| AREA | Hancock Park-Wilshire |
| GARAGE | Detached Carport |
| HEAT | Wall Furnace |
| LOT | 9004 sq ft |
| PARKING | Detached Carport |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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