681 Shatto PL, Los Angeles, CA 90005
681 Shatto PL, Los Angeles, CA 90005
681 Shatto PL, Los Angeles, CA 90005
681 Shatto PL, Los Angeles, CA 90005
681 Shatto PL, Los Angeles, CA 90005
681 Shatto PL, Los Angeles, CA 90005
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Watson Realty

Watson Realty

+1(661) 327-5161
$ 5,299,000
Est. payment | /mo

30 Baths

24,642 SqFt

Save
$ 5,299,000
Est. payment | /mo
Save

30 Baths

24,642 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 24,642 sqft

Price per Sqft $215

MLS Listing ID 26839817

HOA Y/N No

Year Built 1923

Lot Size 10,759 Sqft

Property Description

JNM Realty proudly presents, on an exclusive basis, 681 Shatto Pl, an extremely well-managed and maintained thirty (30) unit, non-brick apartment building in the heart of Koreatown, one (1) block from the brand new Wilshire/Vermont Metro Station and across the street from Loyola Law School.The property features twenty-four (24) large Studio units and six (6) 1-bedroom/one-bathroom units. Twenty-four (24) units are renovated and there is over 45% potential upside for non-renovated units. Renovated units feature new kitchens, flooring, electrical systems, and new appliances. Five (5) units will be delivered vacant at close. The property has been excellently maintained over the past 12 years, resulting in an easy-to-manage tenant base and quality finishes on capital expenditures and unit renovations. The opportunity offers an astounding 6.92% going-in cap rate and only $215/sqft with 45% upside potential for non-renovated units. With the proper financing, a buyer could achieve a 9.00% cash-on-cash return based on in-place numbers. JNM Realty manages over 3,500 properties in Los Angeles and Orange County and is available to manage this asset for buyers. All offers are encouraged.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR5

Interior

Fireplace No

Appliance Gas Oven, Range

Laundry Common Area

Exterior

Parking Features None

Community Features Gated

Building

Story 3

Entry Level Three Or More,Multi/Split

Level or Stories Three Or More, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5077010010

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Demis Dokhanian JNM Realty, INC. #01940496

Nearby Locations

Watson Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 327-5161

legacy@watsonrealty.com

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681 Shatto PL