$2,250,000
$150K PRICE DROP

Estimated payment $14,238/month

Total Views 196
8 Beds
8 Baths
5,322 Sq Ft
$423 Price per Sq Ft

Highlights

  • Central Heating
  • UCLA Community School Rated A-
  • 1-Story Property

About This Home

We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting. The unit mix consists of all one bedroom/one bathrooms. A new buyer has the ability re-position the asset and build up to 18 units by right, and up to 34 units using TOC incentives.

Listing Agent

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 09/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 7,249 Sq Ft Lot

Parking

  • Assigned Parking

Home Design

  • Split Level Home

Interior Spaces

  • 5,322 Sq Ft Home
  • 1-Story Property
  • Washer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5094-014-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5322
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Washer
  • Price Per S Q F T: 422.77

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 520200
  • Assessed Land Value: 1213800
  • Assessor Parcel Number: 5094-014-016
  • Lot Size Area: 7249

Multi Family

  • Unit Type: 2106
  • Number Of Units: 8
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

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
09/08/2025 09/08/25 For Sale $2,250,000 0.0% $423 / Sq Ft
08/31/2025 08/31/25 Off Market $2,250,000 -- --
03/03/2025 03/03/25 For Sale $2,250,000 0.0% $423 / Sq Ft
02/28/2025 02/28/25 Off Market $2,250,000 -- --
09/24/2024 09/24/24 For Sale $2,250,000 0.0% $423 / Sq Ft
08/31/2024 08/31/24 Off Market $2,250,000 -- --
06/11/2024 06/11/24 For Sale $2,250,000 0.0% $423 / Sq Ft
05/31/2024 05/31/24 Off Market $2,250,000 -- --
03/01/2024 03/01/24 For Sale $2,250,000 0.0% $423 / Sq Ft
02/29/2024 02/29/24 Off Market $2,250,000 -- --
12/14/2023 12/14/23 For Sale $2,250,000 0.0% $423 / Sq Ft
11/30/2023 11/30/23 Off Market $2,250,000 -- --
09/05/2023 09/05/23 For Sale $2,250,000 0.0% $423 / Sq Ft
08/31/2023 08/31/23 Off Market $2,250,000 -- --
08/04/2023 08/04/23 Rented $1,895 0.0% --
06/16/2023 06/16/23 Price Changed $1,895 -2.8% $3 / Sq Ft
05/12/2023 05/12/23 For Rent $1,950 0.0% --
03/02/2023 03/02/23 Price Changed $2,250,000 -6.3% $423 / Sq Ft
02/28/2023 02/28/23 For Sale $2,400,000 +41.2% $451 / Sq Ft
09/23/2015 09/23/15 Sold $1,700,000 -5.0% $319 / Sq Ft
07/21/2015 07/21/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $1,790,000 +96.9% $336 / Sq Ft
07/12/2013 07/12/13 Sold $909,000 +1.1% $171 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
03/13/2013 03/13/13 For Sale $899,000 -- $169 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 23-245953

The MLS