The 4 unit multi-family investment offering consists of a 4,684 SF building on 7,492 SF of land located in the heart of Koreatown in Los Angeles, CA. It has three 2 bedroom & 1.5 bath units and one 2 bedroom+den & 1.5 bath unit. Seller spent over $150,000 in improvements. There are 9 parking spaces. The location is the most sought after residential location in Mid-Wilshire. The asset is priced below replacement cost and rents that are below market.
| Property Type | Apartment |
|---|---|
| Year Built | 1921 |
| Level Number | 2 |
| Zoning | LAR4 |
| Listing ID | VPFN28 |
| Style | Other Style |
| Building Size | 4,684 SF |
| Lot Size | 7492 SF |
| Taxes | $11,931 |
Area Description: The site is located on the west side of South New Hampshire Avenue just south of West 8th Street. At the corner of 8th St. and New Hampshire Ave. are several local retail shops offering a variety of products and services. The site is only a few blocks away from major transportations. Tenants have easy access to entertainment and restaurants along the Mid-Wilshire corridor which is the heart of Koreatown. Koreatown has over 1,100 night-time establishments which include numerous bars, clubs, restaurants, spas, karaoke bars, dance halls, theaters, pool halls, coffee shops, and more.
Region: Los Angeles
| Parking Places: | 9 |
| Gross Income: $73,200 |
| Expenses: $22,824 |