REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,850,000
Est. payment | /mo
3,399 SqFt
$ 1,850,000
Est. payment | /mo
3,399 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,399 sqft
Price per Sqft $544
MLS Listing ID CL25615527
HOA Y/N No
Year Built 1906
Lot Size 6,747 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
3rd Price Reduction! 8-unit building cash flowing at a 6.3% Cap Rate from day 1 with upside to an 8% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 11.9% Current Cap Rate, 13.2% Proforma Cap, and only 158k/unit after taking into account all the construction costs (~680k assuming $250/SF). Large 6,770 SF R4 Lot with TOC Tier 3 designation for future development potential. 5 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, and more. Prime Koreatown location just minutes away from the Wilshire/Vermont Metro station as well as many hip neighborhood attractions, restaurants, bars, and shops such as The Line Hotel, Quarters KBBQ, Calic Bagels, H-Mart, Wi Spa, KURVE on Wilshire ($300M 644-unit luxury high-rise development) and many more.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5077028002
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jason Tuvia • Marcus & Millichap
GET MORE INFORMATION
Patrick Nagel
REALTOR® | Lic# 1760790