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681 Shatto Place, Los Angeles, CA 90005

$5,299,000 Approx. USD 0 beds, 30 baths
24,642 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Demis Dokhanian | DEMIS@JNMREALTY.COM
Lic#: 01940496
Broker: Courtesy of JNM Realty, INC.
Phone: 310-270-6616

Agent Remarks

JNM Realty proudly presents, on an exclusive basis, 681 Shatto Pl, an extremely well-managed and maintained thirty (30) unit, non-brick apartment building in the heart of Koreatown, one (1) block from the brand new Wilshire/Vermont Metro Station and across the street from Southwestern Law School. The property features twenty-four (24) large Studio units and six (6) 1-bedroom/one-bathroom units. Twenty-four (24) units are renovated and there is over 45% potential upside for non-renovated units. Renovated units feature new kitchens, flooring, electrical systems, and new appliances. Five (5) units will be delivered vacant at close. The property has been excellently maintained over the past 12 years, resulting in an easy-to-manage tenant base and quality finishes on capital expenditures and unit renovations. The opportunity offers an astounding 6.92% going-in cap rate and only $215/sqft with 45% upside potential for non-renovated units. With the proper financing, a buyer could achieve a 9.00% cash-on-cash return based on in-place numbers. JNM Realty manages over 3,500 properties in Los Angeles and Orange County and is available to manage this asset for buyers. All offers are encouraged.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26839817

Price: $5,299,000

Beds: 0

Baths: 30

Built in 1923

24,642 sqft

0.25 acres

Lot size: 0.2470

County: Los Angeles

Zoning: LAR5

Appliances: Gas Oven,Range

Parking description: None

MLS area: C17 - Mid-Wilshire

Last Updated: 8/30/2026

Days On Market (DOM): 161

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.060629, -118.290688.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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