1213 Dewey Ave

Off Market

1213 Dewey Ave

Los Angeles CA 90006

2195 sq. ft.

5913 sq. ft.

Other

Last sold for $1,149,000

Young Arthur Yoon, last sold this property on 21 July 2025 after 167 days on market.

Overview

This exceptional four-unit income property in the heart of Koreatown offers an unparalleled investment opportunity, currently generating the highest income in its price range. Fully occupied and tastefully remodeled, this property features a diverse unit mix, including two two-bedroom units and two studio units, each designed for comfort and functionality. Tasteful renovations have enhanced the property's appeal, with modernized kitchens and bathrooms, upgraded flooring, fresh paint, and a newly installed electrical panel. Each unit is equipped with a split-unit and/or in-wall air conditioning system. The property is fully fenced for privacy and security, with a remote-controlled gated parking system that adds convenience and ease of maintenance. A private outdoor space at the rear of the property adds to its appeal, while SB1211 allows for the development of up to four detached ADUs by right (Buyer to verify). Located in the vibrant Koreatown neighborhood, this property is surrounded by an abundance of shopping, dining, and entertainment options. Its prime location offers quick access to major freeways and is just minutes from Downtown Los Angeles, making it an attractive choice for tenants seeking both convenience and an active urban lifestyle. With its strong rental income, modern upgrades, and desirable location, this property presents an outstanding opportunity for investors looking to maximize their returns in one of Los Angeles' most dynamic and sought-after areas. One unit can be delivered vacant.

Features

5 bedrooms

5 bathrooms

2195 sq. ft. floor area

5913 sq. ft. lot size

Other

Estimated Value

Based on this property and similar 5 bedroom other properties sold in Los Angeles over the last 12 months, the estimated median property value of 1213 Dewey Ave is $1.06m.

Median value

$1.06m

Estimated value range

$865k - $1.75m

Median days on market

110

Estimated value trend

30%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1213 Dewey Ave

2025

Sold

$1,149,000

21 Jul 2025 by Young Arthur Yoon, of Redpoint Realty

2018

Sold

$1,050,000

14 Mar 2018 by Jinwook Cho, of Dream Realty Asset Mgt, Inc.

2015

Sold

$660,000

09 Oct 2015 by Jinwook Cho, of Dream Realty Asset Mgt, Inc.

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 4 five-bedroom other properties similar to 1213 Dewey Ave, have been sold.

This represents a 150% decrease in five-bedroom other properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Los Angeles for a market analysis.

Josephine San Lucas

at Keller Williams Larchmont

(63 reviews)

Get a market analysis

Jennifer Cisco

at Keller Williams Realty-No Co

(3 reviews)

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Sukyoung Lee

at Redpoint Realty

(20 reviews)

Get a market analysis

Jonghyeok Choi

at Dream Realty Asset Mgt, Inc.

Get a market analysis

Nearby agents

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Josephine San Lucas

Sellers who recommend Josephine San Lucas have praised them for being local expert, clear communication, supportive, responsive, dedicated, reliable, and hard-working