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
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
3
Square Ft.
3,399
Lot Size
0.15 Acres
Year Built
1906
MLS Number
26782991
30 Days Snapshot Of 90006
$755k
+37%
(avg) sold price
3
-70%
homes sold
79
-45%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Hood Fan
Building
3,399 sq ft, Built in 1906, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
Gated
Heating
Wall
Lot
LotAcreage: 0.1549, LotSizeArea: 6,747
Parking
TotalParking: 0
Property
NumberOfUnits: 8, Zoning: LAR4
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