Property Description

Stabilized at a 6.26% cap, this fully renovated four-unit property in the heart of Koreatown offers strong in-place income with optional vacancy at close for owner-user or house-hack execution. The asset generates approximately $160,800 in annual gross rental income and operates at a 14.2 GRM on current performance. Tenants pay 100% of utilities with separate gas and electrical meters and individual water heaters, supporting efficient operating margins and durable cash flow. The property has undergone an extensive redevelopment delivering a near–new construction experience, including upgraded systems, modern interiors, and durable finishes throughout. Unit layouts are well sized and designed to support long-term tenant demand. Situated on a corner lot with exceptional walkability and close proximity to Wilshire Boulevard, transit, and major employment centers, the asset is well suited for investors seeking immediate cash flow with limited management risk or buyers looking to occupy one unit while preserving income.