1038 Dewey Avenue, Los Angeles, CA 90006

About this property

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.

Sale history

$2,130,000

Sold November 2025 · listed $2,200,000, on market June 2025 · 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

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