$1,595,000
$100K PRICE DROP

Estimated payment $10,218/month

Total Views 1,890
8 Beds
8 Baths
9,568 Sq Ft
$167 Price per Sq Ft

About This Home

Presenting a rare opportunity to own a well-maintained 8-unit apartment complex in the highly sought-after Mid Los Angeles neighborhood, this charming property blends location, income potential, and long-term growth. Situated in a thriving rental market just minutes from Koreatown, Downtown LA, USC, and Culver City, the building offers easy access to public transportation, major freeways, and a wide array of dining, shopping, and entertainment options. Each unit boasts spacious floor plans with great natural light, and the property has been carefully cared for over the years, maintaining stable tenants and consistent cash flow. With the potential for future rent increases and value-add upgrades, this multifamily asset is ideal for investors looking to secure a foothold in one of LA's most dynamic and centrally located communities.

Listing Agent

Tiffany Hwang

Redpoint Realty License #02089583 Listed on: 06/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.27 Acre Lot

Parking

  • Driveway

Home Design

  • Contemporary Architecture

Interior Spaces

  • 9,568 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Listing and Financial Details

  • Assessor Parcel Number 5073-018-001

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 9568
  • Lot Acreage: 0.2671
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 166.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector

Lot Info

  • Assessed Improvement Percent: 33.77
  • Assessed Improvement Value: 321932
  • Assessed Land Percent: 66.23
  • Assessed Land Value: 631251
  • Total Assessed Value: 953183
  • Assessor Parcel Number: 5073-018-001
  • Lot Size Area: 11635

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.21
  • Number Of Units: 8
  • Total Annual Expense: 38481
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Sold Price
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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
06/24/2025 06/24/25 Price Changed $1,595,000 -5.9% $167 / Sq Ft
06/11/2025 06/11/25 For Sale $1,695,000 0.0% $177 / Sq Ft
05/20/2025 05/20/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $1,695,000 -- $177 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25526857

The MLS