1038 Dewey Avenue Los Angeles, CA ^$ 2,200,000

1038 Dewey Avenue

^$ 2,200,000

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Recently Listed

1038 Dewey Avenue

Los Angeles, CA, 90006

^$ 2,200,000

Bedrooms10 Baths8.0

Monthly Estimate*

^$ 14,622

Listed by Redpoint Realty

1038 Dewey Avenue, Los Angeles, CA 90006 - Image 1

1038 Dewey Avenue, Los Angeles, CA 90006 - Image 2

1038 Dewey Avenue, Los Angeles, CA 90006 - Image 3

1038 Dewey Avenue, Los Angeles, CA 90006 - Image 4

Multi-Family Home for sale in Los Angeles, CA

for $2,200,000 with 10 bedrooms and 8 full baths. This home was built in 1989 on a lot size of 0.1356.

This is a 6-unit property located in the heart of LA's Koreatown. It is situated between Vermont and Western Avenues, right in the center of Olympic Boulevard. There are 2 units on the second floor, each with 3 bedrooms and 2 bathrooms, and both have two separate entrances. On the third floor, there are 4 one-bedroom units. The property has been recently upgraded and is currently renting at a rate below the market average, ensuring the potential for higher income in the future. There is no rent control in place

Multi-Family Active

Price

^$ 2,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1356

Year Built

1989

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24091545

Days on Market

Features

General

Sewer PublicSewer

Zoning LAR4

Garage Spaces 8.0

Pool Features None

Year Built 1989

Property SubType Apartment

Gross Income 153600.0

Community Features StreetLights

County Los Angeles

Net Operating Income 118543.0

Operating Expense 35057.0

Insurance Expense 4360.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Olympic and Dewey

City Los Angeles

Entry Location 2

View Y/N N

Senior Community Y/N N

Total Units 6

MLS Area KREA - Koreatown

Lot Size Square Feet 5908.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Dewey

Listing Terms Submit

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 16

Building Area Units SquareFeet

Standard Status Active

Year Built Source Other

Tax Lot 18

Property Sub Type Additional Apartment

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 8.0

Lot Size Area 5908.0

Number of Buildings 1

Spa N

Building Area Total 0.0

Lot Size Acres 0.1356

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 6

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features Outside

Entry Level 2

Electric On Property Y/N N

Internal Only

Street Number 1 1038

* Excluded Features

List By

Redpoint Realty

Broker

(714) 562-9900

Phone

Affordability Calculator

$14,622

Per Month

Monthly Principal & Interest: $14,622
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,977,410

Percent of Sale Price 10%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/7/2024	$2,200,000		Listed Price

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1038 Dewey Avenue, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $2,200,000 with a lot size of 0.1356. 1038 Dewey Avenue has 10 bedrooms, 8.0 baths, and was built in 1989. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/27/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1038 Dewey Avenue

Multi-Family Home for sale in Los Angeles, CA

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