First time on the market in decades — a rare opportunity to acquire a stabilized, well-managed Koreatown multifamily asset with strong in-place cash flow and meaningful upside. This is a Trust Sale (no court confirmation required), and the Seller is highly motivated — priced to sell and open to moving quickly with a qualified buyer. A previously vacant unit has just been fully renovated and re-leased, pushing the property's actual in-place cap rate to 6.22% — a rare combination of immediate stabilized income and continued upside as additional units turn over. The building features long-term tenants, ongoing unit-by-unit renovations, and utility sub-metering throughout — with water meters being added incrementally, directly improving NOI over time. A community laundry room and abundant gated parking add to tenant retention and operational appeal. With a motivated Seller and flexible timeline, this asset is also well-suited for a 1031 Exchange buyer looking to move quickly. Ideal for a long-term hold with gradual, compounding value growth in one of LA's most supply-constrained submarkets.