Asking Price: $4,490,000 | ​​​​​​​

Urban Real Estate proudly presents a truly rare 20-unit multifamily offering in the heart of Koreatown, Los Angeles. Owned by the same family trust for over 30 years and making its first appearance on the market, this exceptional asset offers a level of in-place performance rarely seen in comparable multifamily properties. The property features an extraordinarily strong in-place capitalization rate of 5.46%, setting it apart from virtually all similar assets currently available in the market. Situated on a large lot, the property offers abundant on-site-parking, an amenity rarely found within Koreatown, and benefits from an irreplaceable location near major employment centers, transit, dining, and retail. Current rents are approximately 20% below market. A new owner may realize substantial additional upside over time through the gradual implementation of market rents, further enhancing returns beyond an already outstanding in-place yield. Please contact listing agent for Offering Memorandum.