First time on the market in almost 50 years! $389,964 gross annual income. 5.7 CAP rate. A NON rent controlled, (1991 built) 17 Unit apartment with huge upside potential with underground gated parking, a common area laundry, and an incredible UNIT MIX.(13 Units =2+2) (4 Units =1+1) Situated in an amazing location in the middle of Koreatown with a 2 mile close proximity to Downtown LA and USC, a 7 mile distance to Rodeo Dr Beverly Hills and a quick 3 minute walk to Wilshire/Vermont Subway Station. ALL units are SEPARATELY metered for water & electricity. TENANTS pay for their own water & electricity. Current tenants are paying 40% below market rate, R4 zoned 7,300 SF lot. Next door shopping center (3062 W. 8th St, C4 zoned, @12,500 SF) is ALSO available for the right buyer at the right price, rendering a possible NEW CONSTRUCTION for a grand scale multi unit apartment and/or a condo project on a combined 25,000 SF lot. (Don't ask me where the shopping center is. Google it up). DRIVE BY ONLY!