Homes for sale - 1038 Dewey AVE, Los Angeles, CA 90006

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Soon Wook Kwon • Lifetime Realty Inc

$2,180,000

Est. payment - /mo

5,908 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25036101

Year Built 1989

Lot Size 5,908 Sqft

Source California Regional MLS

Property Description

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 dema

Location

State CA

County Los Angeles

Area Krea - Koreatown

Interior

Cooling Window / Wall Unit

Laundry None

Exterior

Parking Features Detached Garage

Garage Spaces 8.0

Pool None

Roof Type Shingle

Building

Story Three or More Stories

Water District - Public

Others

Tax ID 5078013018

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1038 Dewey AVE Los Angeles, CA 90006

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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