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681 Shatto Place, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:CENTURY 21 Cornerstone
681 Shatto Place,Los Angeles, CA 90005
$5,299,000
  • - Beds
  • 30 Baths
  • 24,642 sq. ft.
  • Multi-family
  • Active
Listed by: demis dokhanian
Office: jnm realty, inc.310-746-5923
MLS#:26839817
Source:CRMLS

Price summary

  • Price:$5,299,000
  • Price per sq. ft.:$215.04

About this home

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 Loyola 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%...

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Home facts

  • Year built:1923
  • Listing ID #:26839817
  • Added:1 day(s) ago
  • Updated:June 03, 2026 at 10:31 PM

Rooms and interior

  • Total bathrooms:30
  • Kitchen Description:Gas Oven, Range
  • Living area:24,642 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:24,642 sq. ft.
  • Lot area:0.25 Acres

Finances and disclosures

  • Price:$5,299,000
  • Price per sq. ft.:$215.04
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