3262 Monette Pl - Apartments FOR SALE


Los Angeles, CA 90006- Koreatown
$2,250,000 USD
213-700-6780
3262 Monette Pl, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/28
null | 5.3% Cap Rate

3262 Monette Pl
Los Angeles, CA 90006
Koreatown


HIGHLIGHTS

  • Central Koreatown location.
  • Walking distance to Koreatown Plaza and the Koreatown Galleria.
  • Future redevelopment potential (R4-1a Zoning).
  • All tenants are MTM - potential to increase rents.
  • Low price per unit.

OVERVIEW

Located in the heart of Koreatown, 3262 Monette Place presents a rare opportunity to acquire a value-add multifamily asset with strong fundamentals and future upside. This 12-unit property, comprised entirely of one-bedroom, one-bathroom units, sits on a generous ±11,174 SF R4-1 zoned lot, offering both stable income and long-term redevelopment potential. Built in 1922, the ±7,776 SF building is situated in a high-demand rental market with a Walk Score of 96 and Transit Score of 72, reflecting its exceptional accessibility.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

12

PRICE/UNIT

$187,500

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,166 SF

ZONING

LAR4

APN/PARCEL ID

5080-008-005

ASK ABOUT THIS PROPERTY

Mark HongKORUS Real EstateMore Info
213-700-6780

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Mark HongKORUS Real EstateMore Info
213-700-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.