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Prime 6-Unit Investment Property in the Heart of Koreatown – 6% Cap Rate & No City Rent Control!This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city's fastest-growing and most sought-after rental markets. Offering a strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location.Property Highlights:Unit Mix:Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances—perfect for rental flexibility and maximizing income.Four spacious 1-bedroom units on the third floor, ideal for steady rental demand.Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential.No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility.Prime Location & Investment Potential:Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value.This is a rare chance to acquire a high-income-producing asset in one of LA’s most dynamic submarkets. Don’t miss out! Contact us today for more details.
Property Type(s):
Residential Income
| Last Updated | 2/19/2025 | Year Built | 1989 |
|---|---|---|---|
| Community | Koreatown | Garage Spaces | 8.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Koreatown |
| GARAGE | Detached Carport, Yes |
| HOA DUES | 0 |
| LOT | 5908 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre |
| PARKING | Detached Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected |
| WATER | Public |
| ZONING | LAR4 |
Location
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Listed with Lifetime Realty 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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