$ 5,299,000
-
$5,299,000
Price -
1
Bed -
2
Bath -
24,642
SqFt
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About the Listing CLW-X80570 - CLW-C112789
JNM Realty proudly presents, on an exclusive basis, 681 Shatto Pl, an extremely well-managed and maintained thirty (30) unit, non-brick apartment building in the heart of Koreatown, one (1) block from the brand new Wilshire/Vermont Metro Station and across the street from Southwestern Law School. The property features twenty-four (24) large Studio units and six (6) 1-bedroom/one-bathroom units. Twenty-four (24) units are renovated and there is over 45% potential upside for non-renovated units. Renovated units feature new kitchens, flooring, electrical systems, and new appliances. Five (5) units will be delivered vacant at close. The property has been excellently maintained over the past 12 years, resulting in an easy-to-manage tenant base and quality finishes on capital expenditures and unit renovations. The opportunity offers an astounding 6.92% going-in cap rate and only $215/sqft with 45% upside potential for non-renovated units. With the proper financing, a buyer could achieve a 9.00% cash-on-cash return based on in-place numbers. JNM Realty manages over 3,500 properties in Los Angeles and Orange County and is available to manage this asset for buyers. All offers are encouraged.
Listing Highlights
Status
Active
Days on Site
32
Property Type
Multi-Family
MLS ®
26839817
Year Built
1923
Total Square Footage
24,642
Lot/Acreage
0.25
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 1
- Bathrooms: 2 Full
- Appliances: Gas Oven, Range
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR5
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5077010010
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
681 Shatto Pl Los Angeles, CA 90005
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