1038 Dewey Avenue Los Angeles, CA 90006
Multi-Family (2-4 Units)
MLS #: PW25036101
Courtesy Of Lifetime Realty, Inc.
$2,180,000
10 beds
|
8 baths
|
5,216 sq ft
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Estimated monthly payments:
$9,530/mo.* (recalculate)
Property InformationDescription
Prime 6-Unit Investment Property in the Heart of Koreatown 6% Cap Rate & No City Rent Control!
This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city'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 & 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.
This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city'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 & 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.
Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Cooling System: Window Unit(s) A/C
MAP & DIRECTIONS
School Information
1038 Dewey Avenue, Los Angeles, CA 90006
Elementary School
Grades KG-2 |
Public School
MARIPOSA - NABI PRIMARY CENTER
Los Angeles, CA 90006
987 S Mariposa Ave
213.385.0241
Distance: 0.2 mi
Student:Teacher Ratio
17:1
Total Students
122
Middle School
Grades 6-8 |
Public School
BERENDO MIDDLE SCHOOL
Los Angeles, CA 90006
1157 S Berendo St
213.739.5600
Distance: 0.2 mi
School Rating
C-
Student:Teacher Ratio
18:1
Total Students
680
High School
Grades 9-12 |
Public School
WEST ADAMS PREPARATORY HIGH SCHOOL
Los Angeles, CA 90007
1500 W Washington Blvd
323.373.2500
Distance: 0.9 mi
School Rating
D+
Student:Teacher Ratio
17:1
Total Students
1151
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Monsenor Oscar Romero Charter Middle School | 0.1 mi | Public | 6-8 | D |
| St Thomas The Apostle Elementary School | 0.5 mi | Private | KG-8 | |
| Rfk Community Schools - New Open World Academy | 0.5 mi | Public | KG-12 | C- |
| Rfk Community Schools - Ambassador School Of Global Education | 0.5 mi | Public | KG-5 | D |
| Bishop Conaty-our Lady Of Loretto High School | 0.5 mi | Private | 9-12 | |
| Politi Elementary School | 0.5 mi | Public | KG-5 | D- |
| Hobart Boulevard Elementary School | 0.5 mi | Public | KG-5 | C |
| Vista Horizon Global Academy | 0.5 mi | Public | KG-5 | C- |
| Rfk Community Schools - Los Angeles High School Of The Arts | 0.6 mi | Public | 9-12 | C- |
| Rfk Community Schools - School For The Visual Arts & Humanities | 0.6 mi | Public | 9-12 | C+ |
| Rfk Community Schools - Ambassador School Of Global Leadership | 0.6 mi | Public | 6-12 | C |
| Rfk Community Schools - Ucla Community School | 0.6 mi | Public | KG-12 | C+ |
| Los Angeles Elementary | 0.6 mi | Public | KG-5 | C- |
| Camino Nuevo Elementary School #3 | 0.6 mi | Public | KG-5 | |
| Everest Value | 0.7 mi | Public | KG-8 | |
| Olive Tree Christian Academy | 0.7 mi | Private | KG-6 | |
| University Of Silvaner | 0.7 mi | Private | 9-12 | |
| Hoover Street Elementary | 0.7 mi | Public | KG-5 | B+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Los Angeles, CA 90006
| Median Age: | 37 |
|---|---|
| Married: | 33% |
| Number of Households: | 19,249 |
| Households with Children: | 30% |
Los Angeles, CA 90006
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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