$1,450,000

Multi Family In Los Angeles

  • 12 Beds
  • 8 Baths
  • 6,273 Sqft lot
  • Updated: August 12
  • 2
    Views for last 30 days
  • Source:
    San Diego MLS  MLS#PW26175998

About the Property

2765 W 8th St a fully renovated four-unit apartment building in the heart of Koreatown, offered at $1,450,000 ($362,500/unit) at a 5.84% current cap and 6.48% pro forma. Rare all-three-bedroom unit mix: four spacious 3BR/2BA homes of ~1,102 SF each with updated kitchens and baths. The 2015 gut renovation replaced the major systems electrical wiring and subpanels, plumbing and drain lines, roof, an
2765 W 8th St a fully renovated four-unit apartment building in the heart of Koreatown, offered at $1,450,000 ($362,500/unit) at a 5.84% current cap and 6.48% pro forma. Rare all-three-bedroom unit mix: four spacious 3BR/2BA homes of ~1,102 SF each with updated kitchens and baths. The 2015 gut renovation replaced the major systems electrical wiring and subpanels, plumbing and drain lines, roof, and windows plus a full interior refresh, meaning minimal near-term capex for the next owner. Eight secured on-site parking spaces in a rear lot, a genuine rarity in K-Town. In-place rents sit within ~7% of market, so RSO caps have limited near-term impact on yield. Major upside: SB 1211 permits up to four detached ADUs on the rear lot by ministerial approval with no replacement parking required. Below the $5M Measure ULA threshold. ~0.6 mi to Metro Wilshire/Vermont; minutes to DTLA, Hollywood, and the Westside. Buyer to verify all information.
  • Property type

    Other

  • Floors

    2

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Property Works RE, Inc. - Gardena

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Property Works RE, Inc. - Gardena
California, United States
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Property Works RE, Inc. - Gardena
Gardena, California, United States
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Last updated
August 12
First listed
Aug 12
Listing reference
PW26175998
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