1038 Dewey Avenue, Los Angeles, CA 90006
- $2,130,000
- 8
- BD
- 8
- BA
- 5,216
- SqFt
- Sold Price
- $2,130,000
- List Price
- $2,200,000
- Closing Date
- Nov 21, 2025
- Status
- CLOSED
- MLS#
- 25557051
- Year Built
- 1989
- Bedrooms
- 8
- Bathrooms
- 8
- Living Sq. Ft
- 5,216
- Lot Size
- 5,908
- Acres
- 0.14
- Days on Market
- 72
- Property Type
- Multifamily
- Style
- See Remarks
- Stories
- Three Or More Levels
Property Description
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. 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.
Additional Information
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Johnny Cho (JohnnyCho@kw.com) from Listing Office: Keller Williams Realty Los Feliz.
Listing sold by Alex Shin from New Star Realty & Investment
Mortgage Calculator
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