1038 Dewey Avenue, Los Angeles, CA 90006 (MLS # 25557051)

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PRICE $2,200,000 dsIDX morgage calculator
BEDS 8
BATHS 8
HOME SIZE 5,216 sqft
LOT SIZE 5,907 sqft
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We present a prime 6-unit investment property centrally located in Koreatown, one of Los Angeles' most sought-after neighborhoods. Offering a solid 5.47% cap rate and not subject to LA City Rent Control (RSO), this building consists of two large 2bd+2ba+Den units on the second floor and four spacious 1bd+1ba units on the third floor. The ground level offers eight side-by-side parking spaces. There is a bonus outdoor area perfect for BBQ and lounging in the rear. The property is fully occupied by responsible tenants, ensuring stable cash flow. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. This property benefits from strong rental demand due to its proximity to Wilshire Blvd, major transit lines, trendy cafes, top-tier dining, grocery markets and shopping. This is a rare opportunity to acquire a prime, turnkey asset in one of LA's most dynamic and high-growth submarkets.

DAYS ON MARKET 72 LAST UPDATED 6/30/2025
YEAR BUILT 1989 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA C17 - Mid-Wilshire
LOT 5907 sq ft
PARKING Assigned, Covered, Gated
STORIES 3+
STYLE SeeRemarks
MORTGAGE CALCULATOR
   

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Listed with Keller Williams Realty Los Feliz

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