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30-Unit Apartment Building

681 Shatto Place, Los Angeles, CA 90005

For Sale
$5,299,000

The studio-focused property includes renovated interiors and five units scheduled for delivery vacant at closing.

Property Size24,642 SF
Price / SF$215.04
Days on Market14

Property Features for 681 Shatto Place

General Information

Standard status Active
Size 24,642 SF
Property subtype Residential Income
Zoning LAR5

Site & Location

Neighborhood Koreatown
Public Transit Yes

Units

Unit Mix 24 x Studio, 6 x 1BR/1BA
Multifamily Units 30

Additional Details

Cap Rate 6.92%
Tenant in Place Yes

Amenities

30
3
Common Area
10759
0.247
Assessor
24642
1

Building Details

Building Size 24,642 SF
Year Built 1923
Buildings 1
Stories 3
Listing Agency: JNM Realty, INC.
Listed By: Demis Dokhanian · License #01940496
Source: Stiglerhomes
Added: Oct 26 Changed: Nov 7 Last Checked: Nov 7 at 7:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JNM Realty, INC.

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Investment Insights

Based on property information with market context.

Built in 1923, this 24,642-square-foot, non-brick apartment property contains 30 units: 24 studios and six one-bedroom, one-bathroom apartments. Renovations have been completed in 24 units, including updates to kitchens, flooring, electrical systems, and appliances. Five units are scheduled to be delivered vacant at closing.

The property is in Koreatown, across the street from Southwestern Law School and one block from the Wilshire/Vermont Metro Station.

Key Highlights

  • 30 apartments: 24 studios and six one‑bedroom, one‑bathroom units
  • 24,642 square feet; built in 1923
  • Renovations include kitchens, flooring, electrical systems, and appliances in 24 units

Property Analytics

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Open Analytics

Lease Details

30
Residential units

Location Intelligence

Trade Area within ½ mile

8,302
Businesses Nearby

Demographics for 90005, CA

37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Los Angeles, CA

$379 Jul
$368 Aug
$367 Sep
$367 Oct

Properties on Market for Apartment buildings in Los Angeles

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The studio-focused property includes renovated interiors and five units scheduled for delivery vacant at closing.
Where is this apartment building located?
The property is located at 681 Shatto Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,299,000.
What are key features of this property?
This property features: 30 apartments: 24 studios and six one‑bedroom, one‑bathroom units; 24,642 square feet; built in 1923; Renovations include kitchens, flooring, electrical systems, and appliances in 24 units
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