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Exceptional Investment opportunity with 12-Unit Apartment in the Prime location of Korea-town. The convenient Wilshire Center neighborhood with GRM 12.31 and CAP 5.98. 11 units are occupied and 1 unit is under upgrade. You can get quality tenants easily from many offices on Wilshire Blvd and restaurants/cafes from 6th St. Panoramic City Views 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, sewer lines replaced, copper plumbing pipes and new entrance doors. Renovations in 5 units with modern kitchens and nice finishes. New A/C for 6 units, new stoves for 8 units, and Laundry for 5 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 are offered. Separate gas and electric meters. Built in 1963, this well-maintained 3-story property sits on a corner at 4th St and Oxford Ave. This is a prime rental area of Los Angeles teeming with businesses, markets, restaurants, shopping, theaters, and convenient access to Metro and Bus stations. Close to Hancock Park, Larchmont Village, Hollywood, and offers easy access to Fwy 101. One vacant unit can be shown.
Property Type(s):
Residential Income
| Last Updated | 5/1/2025 | Year Built | 1963 |
|---|---|---|---|
| Community | Mid-Wilshire | Garage Spaces | 8.0 |
| County | Los Angeles |
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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