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3900 INGRAHAM Street

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3900 INGRAHAM Street | Los Angeles, CA

$4,650,000

10,754 SQ.FT.

Ingraham 24-Unit Studio apartment building located in the highly desirable Koreatown submarket of Los Angeles. Great income property ; 4.35 % CAP rate is from new $58K property tax calculation. This beautiful all 24 studio APT has two-story structure that 11 units have recently undergone full interior renovation between 2014 ~ 2017. 19 units have been renovated in recent years featuring wood inspired laminate flooring and 11 units was upgraded with new kitchen cabinet, new refrigerator. Prime location; one short block to Wilshire/ Western metro Station and Wiltern Theater. Located in one of Los Angeles' most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An astute investor should view this opportunity as a rare chance to own in an A+ location with 12 units upside in rents. Also, R4 zoning TOC Tier 4 development opportunity.
Listing Provided by Harry HyunMo Chung, Dream Realty Asset Mgt, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of September 26, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.