"DO NOT walk on the property or disrupt tenants. Contact Listing Agent for property showing instructions."Well-maintained three-story, 17 units apartment complex located in prime and highly desirable Korea Town. It built in 1991 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists 14 units of 2 BR/2 BA and 3 units of 1 BR/1 BA, is situated in a highly desired rental market strong investor and tenant demand. Gated entrances, 2 levels of parking and elevator to all floors. Convenient for work and entertainment; just 2 blocks from Wilshire Blvd. and 5 minutes to Wilshire / Western Metro Station. Convenient access to FWY 10, 101 and 110. Easy access and walking distance to major markets, restaurants, banks, schools, healthcare facilities, and other business. All units have central air and heat, and have separate gas and electric meters. The monthly gross income is approximately $30K; the on-site laundry room generates additional income. This property offers excellent potential for long-term income and appreciation.PLEASE TEXT AGENT: MARIAN WONG 626-497-2353 OR 626-263-0882SEND OFFERS TO: marianwong.realty@gmail.com. <<The adjacent shopping center is also being considered for sale>>

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.