CA > Los Angeles
Los Angeles, CA 90006,1038 Dewey AVE
Shannon Petluck
Shannon Petluck

Founding Realtor | OCPETLSHA02093684

+1(949) 664-4349

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$ 2,130,000

$ 2,200,000 3.2%

Est. payment | /mo

8 Beds

8 Baths

5,216 SqFt

$ 2,130,000

$ 2,200,000 3.2%

Est. payment | /mo

8 Beds

8 Baths

5,216 SqFt

Key Details

Sold Price $2,130,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 5,216 sqft

Price per Sqft $408

MLS Listing ID 25557051

Sold Date 11/21/25

Bedrooms 8

HOA Y/N No

Year Built 1989

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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned, Covered, Gated

Total Parking Spaces 8

Building

Story 3

Entry Level Three Or More

Architectural Style See Remarks

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5078013018

Special Listing Condition Standard

CRMLS – RECore
Listed by Johnny Cho Keller Williams Realty Los Feliz
Bought with Alex Shin New Star Realty & Investment
Shannon Petluck

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 664-4349

shannon@thepetluckteam.com

4040 Barranca Pkwy # 150, Irvine, California, 92604, USA

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1038 Dewey AVE