681 Shatto Place, Los Angeles, CA — listing photo 1
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FOR SALE

681 Shatto Place

Los Angeles, CA 90005
30 Baths
24,642 Sq Ft
Built 1923
$5,299,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1923
Living area
24,642 sq ft
Lot size
10,759 sq ft
Stories
3
Days on market
95
MLS status
Active
Zoning
LAR5

Features & Amenities

Appliances

  • Gas Oven
  • Range

Parking

  • None

Security

  • Gated Community
  • Key Card Entry

Location & Neighborhood

681 Shatto Place

Los Angeles, CA 90005

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Frequently Asked Questions About 681 Shatto Place

Property type: Residential Income

The current asking price is $5,299,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 681 Shatto Place. Our team will confirm availability and timing.
This 30 bathrooms property offers approximately 24,642 square feet of living space. It was built in 1923. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 95 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Demis Dokhanian
MLS ID: CLW-C112789

Available property

$5,299,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.