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$ 1,295,000
Est. payment | /mo
9 Beds
6 Baths
4,032 SqFt
$ 1,295,000
Est. payment | /mo
9 Beds
6 Baths
4,032 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $321
MLS Listing ID 25597289
Bedrooms 9
HOA Y/N No
Year Built 1906
Lot Size 6,272 Sqft
Property Description
Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $116,184 , 6.5% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Private, Uncovered
Roof Type Tile
Total Parking Spaces 10
Building
Faces East
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5076015023
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Financing Cash,Conventional,Private
Special Listing Condition Standard
Listed by Roy Kwak Sunnyside Group
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Amy Cimetta
Broker Associate, MBA | Lic# 01774767