Huge 200k Price Reduction! 8-unit building cash flowing at a 6.75% Cap Rate from day 1 with upside to an 8.3% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 12.1% Current Cap Rate, 13.3% Proforma Cap, and only… Read More 154k/unit after 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
Property listed by Global Platinum Properties, Inc., Julio Ruiz 424-394-1030
Listing Snapshot
Days Online
0
Last Updated
Beds
3
Square Ft.
3,399
Lot Size
0.15 Acres
Year Built
1906
MLS Number
26782991
Additional Details
Building
Built in 1906, Living area: 3399.0, 1 building, Levels: Two
Heating
WallFurnace
Income
Gross Income: $174,419, Net Operating Income: $121,081
Lot
0.1549 acres
Parking
Gated
Taxes
Parcel Number: 5077028002, Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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