Investment Overview

• Marcus & Millichap is pleased to present a 40-unit investment opportunity in prime Koreatown at 839 S Wilton Pl, just south of W 8th St • The subject property features a unit mix of 25 singles and 15 one-bedrooms • At the asking price, the property is being offered at $195 PSF at a 6.32% CAP rate and 8.29 GRM on current income • Potential for additional upside as one or two ADU’s may be possible in the basement (Buyer to verify) • The building is separately metered for electric and has an on-site community laundry room leased with Wash with four washers and five dryers; there are also security cameras throughout the building • Strong location on the west side of Koreatown, adjacent to Wilshire Park and an easy drive to Larchmont Village and Hancock Park • Walking distance to retail along S Western Ave just five blocks east of the property including Koreatown Plaza, Western Plaza shopping center, and the Koreatown Galleria, among others • High walk score of 87; a half-mile from the Metro D Line rail station and multiple Metro local lines along S Western Ave • Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the highly coveted submarkets in all of Los Angeles