1213 Dewey Avenue

Los Angeles, CA 90006

$1,199,000

List Price

5

bed Beds

5

shower Baths

2,195 sqft

straighten / sqft

1902

calendar_month Built

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. 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.

Listing Information

List Price $1,199,000
Status Active
MLS 25493423
Type Residential Income
Year Built 1902
Lot Size 5,913
Structure Size 2,195
Courtesy Of Redpoint Realty
Listing Agent Arthur Yoon DRE#01955545

Interior Features

Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 5

Exterior Information

Maps

Listing information courtesy of: Arthur Yoon, Redpoint Realty 213-800-2969. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 3rd, 2025 at 10:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.