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Sold for $2,130,000 · Nov 2025

SOLD

Listed at $2,200,000

Sold

1038 Dewey Avenue, Los Angeles, CA 90006

Los Angeles, CA

MLS# 25557051

5,216 Sq Ft • Property8bd • 8ba
72 days on market

Listing Agent

Johnny Cho

Listing Agent

Keller Williams Realty Los Feliz

DRE #: 01394690

Brokerage: Keller Williams Realty Los Feliz

Property Details

8

Bedrooms

8

Bathrooms

5,216 sqft

Square Feet

1989

Year Built

5,908 sqft

Lot Size

$408

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

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. 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.

Listing description from the November 2025 sale, as reported to CRMLS.

Facts & Features

Details

Cooling
WallWindowUnits

Sale history for 1038 Dewey Avenue

1 recorded sale

$2,130,000
Sold November 2025 · listed $2,200,000, on market June 2025, 72 days on market · MLS #25557051 · Source: CRMLS
Listing Agent: Johnny Cho · Listing Office: Keller Williams Realty Los Feliz · Contact: 323-300-1000 · Bought with: Alex Shin · New Star Realty & Investment

How this sale compares

1038 Dewey Avenue sold for $2,130,000 in November 2025, 3.2% under its $2,200,000 list price, after 72 days on the market. That works out to $408 per square foot on 5,216 square feet. Across 55 closed sales in 90006 over the last 12 months, the median sold price is $875,000 and the median is $523 per square foot, 28% above this sale's $408.

$408
This sale, per sq ft
$523
90006 median per sq ft (12 mo)
$875,000
90006 median sold price (12 mo)
55
Closed sales in 90006 (12 mo)
72
Days on market
−3.2%
Sold vs. list price
QuarterClosed sales in 90006Median sold price
Q1 20269$875,000
Q2 202628$827,500
Q3 202616$1,035,000
Q4 20262$535,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90006

Recent sales near 1038 Dewey Avenue

Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →

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CRMLS

MLS# 25557051

Listed: 6/30/2025

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 11/21/2025. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Keller Williams Realty Los Feliz

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.