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Key Details
Sold Price $1,510,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,660 sqft
Price per Sqft $266
Subdivision Koreatown
MLS Listing ID 20-586674
Sold Date 12/08/20
Bedrooms 12
Year Built 1917
Lot Size 6,750 Sqft
Acres 0.1549
Property Sub-Type Multi-Family
Property Description
Presented for sale is a 4 Unit Apartment Building with tremendous redevelopment upside! This building features huge 3+1 homes with 4+ parking spaces in the rear. There is currently one vacant unit and a potential to deliver the three other units with cash-for-keys agreements. With a low offer price of $283 a square foot, getting to Market Rents can push this deal to a mid 7 CAP or build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International Park, less than half a mile / four blocks to the Metro Red Line Subway Station, music, bars, shopping...hard to ask for more!
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning R4-2 Tier 3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Parking Space
Garage Spaces 4.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Omni Realty & Investment Group
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