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$ 1,899,000
Est. payment | /mo
8 Beds
4 Baths
$ 1,899,000
Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25179978
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Fully Renovated, Turnkey 4-Unit Investment in Prime Koreatown! Discover your next perfect, hassle-free investment in one of Los Angeles most sought-after neighborhoods. This fully modernized four-unit multifamily property has been upgraded from top to bottomno detail overlookedmaking it an ideal addition to any portfolio. Each spacious apartment offers 2 bedrooms, 1 bathroom, with 2 dens, storage room, and laundry room and approximately 1,170 sq ft of beautifully updated living space. Complete renovations include: -Infrastructure Upgrades: -New sewer lines, updated plumbing fixtures, and full electrical modernization (wiring, subpanels, switches, outlets, and lighting). -Modern Comforts: In-unit washer/dryer hookups, new dishwashers hookups, and energy-efficient 3-zone mini-split HVAC systems. -Stylish Finishes: New doors, drywall, fresh paint, white shaker kitchen cabinets with quartz countertops, premium stainless-steel appliances, and new durable flooring. -Bathroom Refresh: Contemporary vanities, new toilets, and modern fixtures. -Exterior Enhancements: Motorized, remote-controlled driveway security gate, roof repairs, and meticulously detailed windows with new wheels and parts. Property Highlights: -Covered carport with a total of 8 off-street parking spaces (2 per unit). -Lush, mature landscaping including banana and avocado trees. -$138,600 annual rental income. -Attractive around 6% cap rate and 13.7 GRM. -Tenants pay 100% of utilities; each apartment has its own electrical meter, gas meter, and water heater. -Prime location with a Walk Score of 95 and Transit Score
Location
State CA
County Los Angeles
Zoning Assessor
Direction Driving north on S Hoover St turn left onto San Marino St and it's the first building on the right
Interior
Cooling Heat Pump(s)
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5077027015
Listed by Ryan Smagacz Real Broker