First time on the market in almost 50 years! $389,964 gross annual income. 5.7 CAP rate. A NON rent-controlled, (1991 built) 17-Unit apartment with huge upside potential with underground gated parking, a common area laundry, and an incredible UNIT-MIX.(13 Units =2+2) (4 Units =1+1) Situated in an amazing location in the middle of Koreatown with a 2 mile close-proximity to Downtown-LA and USC, a 7 mile distance to Rodeo Dr-Beverly Hills and a quick 3 minute-walk to Wilshire/Vermont Subway Station. ALL units are SEPARATELY metered for water & electricity. TENANTS pay for their own water & electricity. Current tenants are paying 40% below market rate, R4 zoned 7,300 SF lot. Next door shopping center (3062 W. 8th St, C4 zoned, @12,500 SF) is ALSO available for the right buyer at the right price, rendering a possible NEW CONSTRUCTION for a grand-scale multi unit apartment and/or a condo project on a combined 25,000 SF lot. (Don't ask me where the shopping center is. Google it up). DRIVE-BY ONLY!

Listing courtesy of Peter Yoo of Masters Realty & Investment

Based on information from the The MLS as of 2025-02-05 10:59 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.