
1038 Dewey Ave Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $14,094/month
About This Home
We present a prime 6-unit investment property centrally located in Koreatown, one of Los Angeles' most sought-after neighborhoods. Offering a solid 5.47% cap rate and not subject to LA City Rent Control (RSO), this building consists of two large 2bd+2ba+Den units on the second floor and four spacious 1bd+1ba units on the third floor. The ground level offers eight side-by-side parking spaces. There is a bonus outdoor area perfect for BBQ and lounging in the rear. The property is fully occupied by responsible tenants, ensuring stable cash flow. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. This property benefits from strong rental demand due to its proximity to Wilshire Blvd, major transit lines, trendy cafes, top-tier dining, grocery markets and shopping. This is a rare opportunity to acquire a prime, turnkey asset in one of LA's most dynamic and high-growth submarkets.
Listing Agent
Keller Williams Realty Los Feliz License #01394690 Listed on: 06/30/2025

Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Interior Spaces
- 5,216 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- Covered Parking
- Gated Parking
- Assigned Parking
Additional Features
- 5,908 Sq Ft Lot
- Cooling System Mounted To A Wall/Window
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5078-013-018
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/30/2025 06/30/25 | For Sale | $2,200,000 | -- | $422 / Sq Ft |
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