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Prime Koreatown location. Rare R-4 zoned asset on a 6,771 sq ft lot with potential for approximately 12-25 units (buyer to verify). Exceptional development and value-add opportunity in one of the tightest rental markets in Los Angeles. Property features 4 upgraded units with in-unit washer/dryer, generating $105,600 in current annual income. Extensive capital improvements already completed, including roof, plumbing, electrical, and exterior cement walls, significantly reducing execution and holding risk. Pricing reflects land value with income in place. Upside is intentionally left for the next owner through redevelopment, density expansion, or long-term appreciation. Ideal for developers, 1031 exchange buyers, and long-term investors seeking strong cash flow today and substantial upside tomorrow.
Property Type(s):
Residential Income
| Last Updated | 2/9/2026 | Year Built | 1913 |
|---|---|---|---|
| Community | C17 - Mid-Wilshire | County | Los Angeles |
Price History
| Prior to Feb 9, '26 | $1,460,000 |
|---|---|
| Feb 9, '26 - Today | $1,430,000 |
Additional Details
| AIR | Electric, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Washer |
| AREA | C17 - Mid-Wilshire |
| HEAT | Natural Gas |
| LOT | 6774 sq ft |
| LOT DIMENSIONS | 6773 |
| PARKING | Gated |
| SEWER | Other |
| STORIES | 1 |
| VIEW | Yes |
Location
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Listed with Redpoint Realty
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