1038 Dewey

Los Angeles, CA, 90006

Pending $2,200,000

8beds
5,216sqft
0.14acre

Listing agent:

Johnny Cho

License #01394690

Keller Williams Realty Los Feliz

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. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. 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.

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1038 Dewey is a Residential Income property located in Los Angeles, California, featuring a 0.136 acre lot, 5,216 sqft, 8 bedrooms, MLS #25557051.

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Data last modified: 2025-11-12 20:42:34

1038 Dewey

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