1038 Dewey Avenue, Los Angeles, CA 90006

Local realty services provided by:ERA Excel Realty
1038 Dewey Avenue,Los Angeles, CA 90006
$2,200,000
  • 8 Beds
  • 8 Baths
  • 5,216 sq. ft.
  • Multi-family
  • Pending
Listed by:johnny cho
Office:keller williams realty los feliz
MLS#:25557051
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$421.78

About this home

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. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. 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.

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Home facts

  • Year built:1989
  • Listing ID #:25557051
  • Added:514 day(s) ago
  • Updated:October 02, 2025 at 11:28 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Living area:5,216 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Year built:1989
  • Building area:5,216 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$421.78
Based on information from California Regional Multiple Listing Service, Inc. as of October 4, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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