Ingraham 24-Unit Studio apartment building located in the highly desirable Koreatown submarket of Los Angeles. Great income property ; 4.35 % CAP rate is from new $58K property tax calculation. This beautiful all 24 studio APT has two-story structure that 11 units have recently undergone full interior renovation between 2014 ~ 2017. 19 units have been renovated in recent years featuring wood inspired laminate flooring and 11 units was upgraded with new kitchen cabinet, new refrigerator. Prime location; one short block to Wilshire/ Western metro Station and Wiltern Theater. Located in one of Los Angeles' most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An astute investor should view this opportunity as a rare chance to own in an A+ location with 12 units upside in rents. Also, R4 zoning TOC Tier 4 development opportunity.
Courtesy of Dream Realty Asset Mgt, Inc., Harry HyunMo Chung - CA DRE#01999369 Selling Office: Non-Participant Office.
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