1213 Dewey Avenue , Los Angeles, CA 90006
Los Angeles, CA 90006
Description
This exceptional four-unit income property in the heart of Koreatown offers an unparalleled investment opportunity, currently generating the highest income in its price range. Fully occupied and tastefully remodeled, this property features a diverse unit mix, including two two-bedroom units and two studio units, each designed for comfort and functionality. Tasteful renovations have enhanced the property's appeal, with modernized kitchens and bathrooms, upgraded flooring, fresh paint, and a newly installed electrical panel. Each unit is equipped with a split-unit and/or in-wall air conditioning system. The property is fully fenced for privacy and security, with a remote-controlled gated parking system that adds convenience and ease of maintenance. A private outdoor space at the rear of the property adds to its appeal, while SB1211 allows for the development of up to four detached ADUs by right (Buyer to verify). Located in the vibrant Koreatown neighborhood, this property is surrounded by an abundance of shopping, dining, and entertainment options. Its prime location offers quick access to major freeways and is just minutes from Downtown Los Angeles, making it an attractive choice for tenants seeking both convenience and an active urban lifestyle. With its strong rental income, modern upgrades, and desirable location, this property presents an outstanding opportunity for investors looking to maximize their returns in one of Los Angeles' most dynamic and sought-after areas. One unit can be delivered vacant.
Details
| MLS# | 25493423 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 74 |
| Listing Provided By | Redpoint Realty 213-380-1500 | Arthur Yoon |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 2,195 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.14 |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (In 90006) | |
Price: $1,199,000 low | high Med: $998,000 SqFt: 2,195 low | high Med: 1,674 $ / SqFt: $546 low | high Med: $614 On site: 74 low | high Med: 165.000000 | |