Excellent opportunity to acquire a 12-unit multifamily property in the highly desirable Koreatown submarket of Los Angeles. The property features a well-balanced unit mix consisting of eight one-bedroom units, along with a combination of studio and bachelor units, offering strong rental demand and stable tenancy.Situated on a quiet residential street with convenient access to Wilshire Blvd, Olympic Blvd, Downtown Los Angeles, and major employment centers, the property benefits from a central location with strong tenant appeal.The asset presents a value-add opportunity with rental upside potential as units turn over and can be repositioned to market rents. The property also features on-site parking, a desirable amenity in this dense urban location.The property may be purchased individually or together with the adjacent 932 S Fedora St, offering a combined 24-unit portfolio opportunity.Ideal for investors seeking long-term growth, steady cash flow, and the ability to enhance value through strategic management in one of Los Angeles' most dynamic rental markets.
Total Floor Area:
7,100 sq. ft.660 m2
Lot Area:
6,402 sq. ft.595 m2
Bedrooms:
8
Full Bathrooms:
0
Three Quarter Bathrooms:
0
Half Bathrooms:
0
One Quarter Bathrooms:
0
Bathrooms:
12.0
(Full:0, Half:0)
Year built:
1961
(Age: 65)
General Listing Location:
Los Angeles, C17 - Mid-Wilshire
County Or Parish:
Los Angeles
Gross Income:
$152,844
Net Operating Income:
$91,662
Located in Koreatown. From Wilshire Blvd, head south on Fedora St. Property is located between 9th St and Olympic Blvd on the west side of the street.