1213 Dewey Avenue
Los Angeles, CA 90006
- – beds
- – baths
- – sqft
- 5,913 sqft lot
- 1902 build
- – on site
This exceptional four-unit income property in the heart of Koreatown offers an unparalleled investment opportunity, currently generating the highest income in its price range. Fully occupied and tastefully remodeled, this property features a diverse unit mix, including two two-bedroom units and two studio units, each designed for comfort and functionality. Tasteful renovations have enhanced the property's appeal, with modernized kitchens and bathrooms, upgraded flooring, fresh paint, and a newly installed electrical panel. Each unit is equipped with a split-unit and/or in-wall air conditioning system. The property is fully fenced for privacy and security, with a remote-controlled gated parking system that adds convenience and ease of maintenance. A private outdoor space at the rear of the property adds to its appeal, while SB1211 allows for the development of up to four detached ADUs by right (Buyer to verify). Located in the vibrant Koreatown neighborhood, this property is surrounded by an abundance of shopping, dining, and entertainment options. Its prime location offers quick access to major freeways and is just minutes from Downtown Los Angeles, making it an attractive choice for tenants seeking both convenience and an active urban lifestyle. With its strong rental income, modern upgrades, and desirable location, this property presents an outstanding opportunity for investors looking to maximize their returns in one of Los Angeles' most dynamic and sought-after areas. One unit can be delivered vacant.
Last checked:
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Last updated Mar 18, 2025
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MLS# 25493423 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1902
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New Construction:No
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Building Area Total:2195.00
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Total Number Of Units:4
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# of Buildings:1
Interior
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Levels:Multi/Split
Location
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Directions:North of Pico Blvd, East of Normandie Ave, South of Olympic Blvd and West of Vermont.
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Latitude:34.04855700
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Longitude:-118.29609900
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:5913.0000
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Lot Size Acres:0.1357
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Lot Size SqFt:5913.00
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:5078032004
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Disposal
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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:Assigned
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 |
|---|---|---|---|---|
|
2/3/25
Feb 3, 2025
|
Listed / Active | CRMLS_CA | $1,199,000 | 14.2% (2.1% / YR) |
|
3/14/18
Mar 14, 2018
|
CRMLS_CA | $1,050,000 | 59.1% (24.3% / YR) | |
|
10/9/15
Oct 9, 2015
|
CRMLS_CA | $660,000 |
