$1,980,000
$329K PRICE DROP

Estimated payment $12,748/month

Total Views 1,843
8 Beds
8 Baths
4,480 Sq Ft
$442 Price per Sq Ft

About This Home

This two story apartment complex in Koreatown is priced to sell in its excellent location between the Hancock Park and Mid Wilshire areas. The property is conveniently located approximately 5 miles from Downtown Los Angeles, and minutes away from major public transportation connections, freeways, grocery stores, shopping, and neighborhood schools. Total 8 one bedroom one bath units. Some units have been remodeled!! Ideal location for possible future development and has great upside potential. The adjacent complex (121 S. Oxford Ave.) is also for sale, total lot size is approximately 14,318 sqft. (100' x 143') and is under LAR4 zoning. Please do not disturb the tenants. PLEASE DRIVE BY ONLY. PROPERTY WILL BE SHOWN WITH AN ACCEPTED OFFER. Information provided deemed reliable; buyer to verify information & rely on their own findings.

Listing Agent

Wan Chun Hsu

Golden Key Realty Corporation Brokerage Phone: 626-512-6638 License #01149962 Listed on: 02/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,163 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Legal Lot and Block 15 / B
  • Assessor Parcel Number 5517006011

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $870
  • Fuel Expense $1,563
  • Gardener Expense $1,200
  • Insurance Expense $3,196
  • Other Expense $17,334
  • Pest Control $590
  • Professional Management Expense $7,152
  • Trash Expense $7,108
  • Water Sewer Expense $6,673
  • Operating Expense $46,593
  • Gross Income $145,834
  • Net Operating Income $99,241

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Price Per Unit: 247500
  • Professional Management Expense: 7152.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6673.00
  • Zoning: LAR4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5517006011
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 441.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 590.00
  • Sewer: Public Sewer
  • Trash Expense: 7108.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7163.00
  • Lot Size Acres: 0.1644

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 870.00
  • Fuel Expense: 1563.00
  • Gross Income: 145834.00
  • Gross Operating Income: 145834.00
  • Gross Scheduled Income: 145284.00
  • Insurance Expense: 3196.00
  • Laundry Income: 550.00
  • Lot Size Area: 7163.0000 Square Feet
  • Net Operating Income: 99241.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 46593.00
  • Other Expense: 17334.00
  • Other Expense Description: Tax
  • Rent Control: Yes
  • Total Actual Rent: 12107.10
  • Total Expenses: 46593.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2114.10
  • Tax Lot: 15

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Price Changed $1,980,000 0.0% $442 / Sq Ft
06/17/2025 06/17/25 For Sale $1,980,000 -5.7% $442 / Sq Ft
05/07/2025 05/07/25 Off Market $2,100,000 -- --
03/24/2025 03/24/25 Price Changed $2,100,000 -5.9% $469 / Sq Ft
03/03/2025 03/03/25 Price Changed $2,232,000 -3.3% $498 / Sq Ft
02/23/2025 02/23/25 For Sale $2,309,000 -- $515 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25030490

California Regional Multiple Listing Service (CRMLS)