Investment Overview

Marcus & Millichap is pleased to present our newest exclusive listing in Koreatown-Los Angeles. The property is comprised of 31 total units built in 1963, 19 of which are spacious studios and 12 of which are 1 bedroom – 1 bathroom floorplans. The property is being offered for sale at an attractive/low price-per-unit and price-per-foot and is estimated to have over 30% rental upside. Seismic Retrofit for the tuck-under parking has been completed and there are a total of 32 parking spots, which include both subterranean parking and tuck-under. The property will be delivered to a new owner with 6 vacant units which provides immediate repositioning potential. Each unit is equipped with AC, assigned parking, and other amenities. A new owner can benefit from reducing payroll cost, increasing rents, filling up the vacancy, and operating more efficiently.