$4,490,000
About this home
100% Leased. Stabilized Asset. Perfect for a 1031 Exchange. Offered as a highly motivated Trust Sale! Free and clear of debt, NO court confirmation required! This 20-unit multifamily delivers immediate, verified cash flow at a 6.22% cap rate, with a clear path to 8.41% pro-forma as the ~80% of below-market units turn over. Set at the gateway between Hancock Park and Koreatown, built 1961 on a 14,201 SF LAR3 lot (14,520 SF building); 16 1BD/1BA + 4 2BD/2BA units. A rare 1.15:1 subterranean parking ratio (23 spaces, well above submarket norm) drives strong tenant retention. Individually metered gas & electric, with water sub-metering currently being installed unit-by-unit. Steps to Metro B & D Line - with renter demand accelerating ahead of the 2028 LA Olympics!
Facts & features
- Bedrooms
- 24
- Bathrooms
- 0 full, 0 half
- Living area
- 14,520 sq ft
- Appliances
- Dishwasher, Microwave, Refrigerator
- Flooring
- Laminate
- Heating
- Wall Furnace
- Laundry
- Common Area
- Levels
- Two
- Spa
- None
- Lot size
- 0.326 acres (14,205 sq ft)
- Pool
- None
- Architectural style
- Contemporary
- Year built
- 1961
- Parking
- Assigned, Covered, Community Structure
- Parking spaces
- 23
- Area
- C 18 - Hancock Park-Wilshire
- County
- Los Angeles
- Community features
- Gated
- Status
- Active
- Property type
- Residential Income
- Days on market
- 8
- Listed
- 2026-07-10
- Parcel #
- 5516022017
- MLS #
- 26858349
