Listing Courtesy Of:
Redpoint Realty, 213-380-1500, Arthur Yoon
Local Realty Services Provided By:
Keller Williams Realty Larchmont
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,199,000
1213 Dewey Ave, Los Angeles, CA 90006
5 Beds
5 Baths
2,195
sq ft
.14
ac
Log In to Reveal Price
$1,199,000
1213 Dewey Ave, Los Angeles, CA 90006
Estimation provided by Keller Williams Realty Inc.
5 Beds
5 Baths
2,195
sq ft
.14
ac
Active
For Sale
Property Description
This exceptional four-unit income property in the heart of Koreatown offers an unparalleled investment opportunity, currently generating the highest income in its price range. Fully occupied and tastefully remodeled, this property features a diverse unit mix, including two two-bedroom units and two studio units, each designed for comfort and functionality. Tasteful renovations have enhanced the property's appeal, with modernized kitchens and bathrooms, upgraded flooring, fresh paint, and a newly installed electrical panel. Each unit is equipped with a split-unit and/or in-wall air conditioning system. The property is fully fenced for privacy and security, with a remote-controlled gated parking system that adds convenience and ease of maintenance. A private outdoor space at the rear of the property adds to its appeal, while SB1211 allows for the development of up to four detached ADUs by right (Buyer to verify). Located in the vibrant Koreatown neighborhood, this property is surrounded by an abundance of shopping, dining, and entertainment options. Its prime location offers quick access to major freeways and is just minutes from Downtown Los Angeles, making it an attractive choice for tenants seeking both convenience and an active urban lifestyle. With its strong rental income, modern upgrades, and desirable location, this property presents an outstanding opportunity for investors looking to maximize their returns in one of Los Angeles' most dynamic and sought-after areas. One unit can be delivered vacant.
Assessed Value is a combination of the land and additions.
2023
$14,170
(+4.81%)
$1,148,324
Land 874,915 +
Additions 273,409
2022
$13,519
(+1.28%)
$1,103,736
Land 840,942 +
Additions 262,794
2021
$13,349
(+3.07%)
$1,103,736
Land 840,942 +
Additions 262,794
2019
$12,952
(+1,932,998.51%)
$1,092,420
Land 832,320 +
Additions 260,100
2017
$0.67
$686,663
Land 471,240 +
Additions 201,960
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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