JUST LISTED: Maplewood Apartments in Koreatown
Renovation Opportunity - Same Owner for 40+ Years
Iconic Investments is pleased to present its newest listing in LA’s flourishing Koreatown submarket: The Maplewood Apartments at 4575 Maplewood Ave. This prominent mid-century design was built in 1961 and has been in the hands of the same owners for 40 years. The unit mix is two studio units, two one-bedroom/one-bath units, and six two-bedroom/one-bath units.
- Virtually no updates or renovations done on the building, represents a blank slate for a renovation-minded investor
- Ability to remodel and update the units to attract higher-paying tenants who are moving to Koreatown for its hip vibe, cultural diversity, and walkability
- Excellent unit mix of majority 2 Bedroom units
The Maplewood Apartments is situated in LA's Koreatown neighborhood. This area — north of Beverly Blvd and south of Melrose Ave.— was previously overlooked by developers and apartment hunters. Now there are new numerous construction projects being built and proposed.
PROPERTY TOURS WILL HELD THE WEEK OF APRIL 16th, 2018
For more information contact:
Peter Strauss Phone: 747-444-3303 Email
