681 Shatto Place, Los Angeles, CA 90005

• 30 baths |
• 24,642 sqft

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 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 Status:

Active

Date Added:

May 27, 2026

Data Last Updated:

August 25, 2026 at 1:16AM

Listing Office:

JNM Realty, INC. : 310-746-5923

Listing Agent:

Demis Dokhanian : 310-270-6616

MLS ID:

26839817

Interior

• Appliances: Gas OvenRange
• Laundry: Common Area

Exterior

• Parking: Parking spaces: 0

Construction

• General: 3

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR55077010010

Financial

• Source: CRMLS_CL