Commercial: MLS #0026647609 Los Angeles, CA ^$ 4,490,000

Commercial: MLS #0026647609

^$ 4,490,000

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Commercial: MLS #0026647609

Name: address
Address: CA, 90004

Los Angeles, CA, 90004

^$ 4,490,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 27,646

Commercial Property for sale in Los Angeles, CA

for $4,490,000. This building was built in 1961 on a lot size of 0.325987.

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.

Commercial Active

Price

^$ 4,490,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.325987

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026647609

Features

General

Zoning LAR3

Year Built 1961

County Los Angeles

Property Type F

Status Active

City Los Angeles

MLS Area HPK - Hancock Park

Standard Status Active

Exterior

Lot Size Area 14205.0

Lot Dimensions 100x142

Land Lease Type Fee

Interior

Total Stories 0

Total Baths 0

* Excluded Features

List By

David Hong

Listing Agent

Urban Real Estate, Inc.

Broker

Affordability Calculator

$27,646

Per Month

Monthly Principal & Interest: $27,646
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,437,253

Percent of Sale Price 46%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
2/4/2026	$4,490,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/4/2026. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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Commercial: MLS #0026647609

Commercial Property for sale in Los Angeles, CA

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