Property Description
Located just southeast of Normandie & Beverly in the heart of Koreatown, this classic Spanish-style 8-unit apartment building offers a rare blend of immediate income potential, long-term upside, and prime positioning in one of LA's strongest rental markets.Sitting on a 7,499 SF R4-zoned lot, this 6,711 SF building currently features eight oversized 1BR/1BA units, three of which are fully renovated and two delivered vacant, making it ideal for owner-users or investors looking to capture strong market rents right away. The property boasts significant capital upgrades, including copper/PEX plumbing, fresh exterior paint, renovated units, and new landscaping. Tenants enjoy classic hardwood floors, individual gas/electric meters, on-site laundry, and 6 gated parking spaces in the rear. Zoned LAR4, gives the opportunity for development in the future. Located minutes from Silver Lake, Downtown LA, and Dodger Stadium, and within walking distance to major Koreatown attractions and transit lines, this building checks all the boxes for location, stability, and future growth.
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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$28,752
TurboHome Estimated Value
$1,957,000
$292 sqft
High Valuation
$2,054,850
$306/sqft
Normal Valuation
$1,957,000
$292/sqft
Low Valuation
$1,859,150
$277/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $292/sqft | $1,957,000 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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