681 Shatto Pl, Los Angeles, CA 90005
681 Shatto Pl, Los Angeles, CA 90005
681 Shatto Pl, Los Angeles, CA 90005
681 Shatto Pl, Los Angeles, CA 90005
681 Shatto Pl, Los Angeles, CA 90005
681 Shatto Pl, Los Angeles, CA 90005
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RYAN STEELE

RYAN STEELE

+1(818) 900-1859
$ 5,299,000
Est. payment | /mo

30 Baths

24,642 SqFt

Save
$ 5,299,000
Est. payment | /mo
Save

30 Baths

24,642 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,642 sqft

Price per Sqft $215

MLS Listing ID 26839817

Year Built 1923

Lot Size 10,759 Sqft

Acres 0.247

Property Sub-Type Multi-Family

Property Description

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% 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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR5

Rooms

Other Rooms None

Kitchen Remodeled

Interior

Heating Other

Cooling Air Conditioning

Equipment None

Laundry Community

Exterior

Parking Features None

Building

Story 3

Level or Stories Multi/Split, Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by JNM Realty, INC.

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681 Shatto Pl