1038 Dewey Avenue Los Angeles CA 90006 MLS #PW25036101

Prime 6-Unit Investment Property in the Heart of Koreatown – 6% Cap Rate &#38' No City Rent Control!

This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles&#39' Koreatown, one of the city&#39's fastest-growing and most sought-after rental markets. Offering a strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location.

Property Highlights:
Unit Mix:
Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances—perfect for rental flexibility and maximizing income.
Four spacious 1-bedroom units on the third floor, ideal for steady rental demand.
Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential.
No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility.
Prime Location &#38' Investment Potential:
Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value.

This is a rare chance to acquire a high-income-producing asset in one of LA’s most dynamic submarkets. Don’t miss out! Contact us today for more details.