Price Reduction! 8-unit building cash flowing at a 5.5% Cap Rate from day 1 with upside to a 7.1% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.6% Current Cap Rate, 11.8% Proforma Cap, and only 164k/unit after… Read More 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. Read Less
Courtesy of Marcus & Millichap, Kian Maronde, Marcus & Millichap 818-212-2700.
Listing Snapshot
Days Online
38
Last Updated
Property Type
Other
Beds
3
Square Ft.
3,399
Lot Size
0.16 Acres
Year Built
1906
MLS Number
25556971
30 Days Snapshot Of 90006
$768k
+13%
(avg) sold price
4
+33%
homes sold
83
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins
Building
3,399 sq ft, Built in 1906, Levels: Multi/Split
Cooling
Window Unit(s)
Disclosures
None
Garage
Uncovered
Heating
Wall Electric
Lot
LotAcreage: 0.1549, LotSizeArea: 6,771
Parking
TotalParking: 9
Property
NumberOfUnits: 8, Zoning: LAR4
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coastalhomesla.com
August 2, 2025
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Disability profiles supported in our website
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ADHD Friendly Mode: this mode helps users with ADHD and Neurodevelopmental disorders to read, browse, and focus on the main website elements more easily while significantly reducing distractions.
Blindness Mode: this mode configures the website to be compatible with screen-readers such as JAWS, NVDA, VoiceOver, and TalkBack. A screen-reader is software for blind users that is installed on a computer and smartphone, and websites must be compatible with it.
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Despite our very best efforts to allow anybody to adjust the website to their needs, there may still be pages or sections that are not fully accessible, are in the process of becoming accessible, or are lacking an adequate technological solution to make them accessible. Still, we are continually improving our accessibility, adding, updating and improving its options and features, and developing and adopting new technologies. All this is meant to reach the optimal level of accessibility, following technological advancements. For any assistance, please reach out to [email protected]
