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100% Leased. Stabilized Asset. Perfect for a 1031 Exchange. Offered as a highly motivated Trust Sale! Free and clear of debt, NO court confirmation required! This 20-unit multifamily delivers immediate, verified cash flow at a 6.22% cap rate, with a clear path to 8.41% pro-forma as the ~80% of below-market units turn over. Set at the gateway between Hancock Park and Koreatown, built 1961 on a 14,201 SF LAR3 lot (14,520 SF building); 16 1BD/1BA + 4 2BD/2BA units. A rare 1.15:1 subterranean parking ratio (23 spaces, well above submarket norm) drives strong tenant retention. Individually metered gas & electric, with water sub-metering currently being installed unit-by-unit. Steps to Metro B & D Line - with renter demand accelerating ahead of the 2028 LA Olympics!
Property Type(s):
Residential Income
| Last Updated | 7/10/2026 | Year Built | 1961 |
|---|---|---|---|
| Community | C18 - Hancock Park-Wilshire | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Microwave, Refrigerator |
|---|---|
| AREA | C18 - Hancock Park-Wilshire |
| HEAT | Wall Furnace |
| LOT | 0.3261 acre(s) |
| LOT DIMENSIONS | 100x142 |
| PARKING | Assigned, Covered, Community Structure |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Contemporary |
| VIEW | Yes |
Location
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Listed with Urban 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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