1038 Dewey Avenue
Los Angeles, CA 90006
Map
- – beds
- – baths
- – sqft
- 5,908 sqft lot
- 1989 build
- – on site
We present a prime 6-unit investment property centrally located in Koreatown, one of Los Angeles' most sought-after neighborhoods. Offering a solid 5.52% 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. Recent upgrades include a new roof installed just two years ago, and all units feature updated kitchens and bathrooms completed within the past 34 years. 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.
Last checked:
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Last updated Jun 30, 2025
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MLS# 25557051 —
The Building
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Year Built:1989
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New Construction:No
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Building Area Total:5216.00
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Total Number Of Units:6
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# of Buildings:1
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Architectural Style:See Remarks
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Stories Total:3
Interior
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Levels:Three Or More
Location
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Directions:South of Olympic Blvd, East of Western Ave
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Latitude:34.05154400
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Longitude:-118.29548300
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:5908.0000
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Lot Size Acres:0.1356
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Lot Size SqFt:5908.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5078013018
Heating & Cooling
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Gated, Assigned
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/30/25
Jun 30, 2025
|
Listed / Active | CRMLS_CA | $2,200,000 | |
|
2/18/25
Feb 18, 2025
|
Listed / Active | CRMLS_CA | ||
|
5/7/24
May 7, 2024
|
Listed / Active | CRMLS_CA |
