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1038 Dewey Avenue, Los Angeles, CA 90006

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For Sale

$2,180,000

10 beds • 8 baths • 5,216 sqft

Estimated Payment

$ 11,219 /mo. †

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $417.94
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Prime 6-Unit Investment Property in the Heart of Koreatown 6% Cap Rate & No City Rent Control! This rare 6-unit apartment building, built in 1989, is a prime investment opportunity in Los Angeles' Koreatown, one of the city's fastest-growing and most sought-after rental markets. Offering a strong 6% cap rate, this property is strategically located near Crypto.com Arena and Wilshire Boulevard, ensuring high demand from tenants seeking a central, vibrant location. Property Highlights: Unit Mix: Two large 3-bedroom, 2-bath units on the second floor, each with two separate entrances perfect for rental flexibility and maximizing income. Four spacious 1-bedroom units on the third floor, ideal for steady rental demand. Recent Upgrades: The property has been improved while maintaining rents below market, offering immediate upside potential. No LA City Rent Control (RSO): Built after 1978, this property is not subject to city rent control, allowing for greater rental income growth and management flexibility. Prime Location & Investment Potential: Koreatown continues to be one of the strongest rental markets in Los Angeles, boasting rapid appreciation and increasing rental rates. With top-tier restaurants, shopping, nightlife, and entertainment just minutes away, tenant demand remains high. Additionally, the proximity to Crypto.com Arena, Wilshire Blvd., and major transit hubs enhances long-term value. This is a rare chance to acquire a high-income-producing asset in one of LA s most dynamic submarkets. Don t miss out! Contact us today for more details.
MLS# PW25036101

Courtesy Of Lifetime Realty, Inc.

(714) 363-3888

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C

Map and Directions

Directions to 1038 Dewey Avenue, Los Angeles, CA 90006

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $11,219
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $11,219

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Mariposa - Nabi Primary Center

Grades KG-2 Public School

Los Angeles, CA 90006 0.2 miles
987 s mariposa ave

122 total students
17:1 Student teacher ratio

School Details

Berendo Middle School

Grades 6-8 Public School

Los Angeles, CA 90006 0.2 miles
1157 s berendo st

680 total students
18:1 Student teacher ratio

School Rating: C-

School Details

West Adams Preparatory High School

Grades 9-12 Public School

Los Angeles, CA 90007 0.9 miles
1500 w washington blvd

1151 total students
17:1 Student teacher ratio

School Rating: D+

School Details
Other Nearby Schools Distance Type Grades School Rating
Monsenor Oscar Romero Charter Middle School 0.1 miles Public 6-8 D
St Thomas The Apostle Elementary School 0.5 miles Private KG-8
Rfk Community Schools - New Open World Academy 0.5 miles Public KG-12 C-
Rfk Community Schools - Ambassador School Of Global Education 0.5 miles Public KG-5 D
Bishop Conaty-our Lady Of Loretto High School 0.5 miles Private 9-12
Politi Elementary School 0.5 miles Public KG-5 D-
Hobart Boulevard Elementary School 0.5 miles Public KG-5 C
Vista Horizon Global Academy 0.5 miles Public KG-5 C-
Rfk Community Schools - Los Angeles High School Of The Arts 0.6 miles Public 9-12 C-
Rfk Community Schools - School For The Visual Arts & Humanities 0.6 miles Public 9-12 C+
Rfk Community Schools - Ambassador School Of Global Leadership 0.6 miles Public 6-12 C
Rfk Community Schools - Ucla Community School 0.6 miles Public KG-12 C+
Los Angeles Elementary 0.6 miles Public KG-5 C-
Camino Nuevo Elementary School #3 0.6 miles Public KG-5
Everest Value 0.7 miles Public KG-8
Olive Tree Christian Academy 0.7 miles Private KG-6
University Of Silvaner 0.7 miles Private 9-12
Hoover Street Elementary 0.7 miles Public KG-5 B+

Monsenor Oscar Romero Charter Middle School

Distance: 0.1 miles

Type Public

Grades: 6-8

D

St Thomas The Apostle Elementary School

Distance: 0.5 miles

Type Private

Grades: KG-8

Rfk Community Schools - New Open World Academy

Distance: 0.5 miles

Type Public

Grades: KG-12

C-

Rfk Community Schools - Ambassador School Of Global Education

Distance: 0.5 miles

Type Public

Grades: KG-5

D

Bishop Conaty-our Lady Of Loretto High School

Distance: 0.5 miles

Type Private

Grades: 9-12

Politi Elementary School

Distance: 0.5 miles

Type Public

Grades: KG-5

D-

Hobart Boulevard Elementary School

Distance: 0.5 miles

Type Public

Grades: KG-5

C

Vista Horizon Global Academy

Distance: 0.5 miles

Type Public

Grades: KG-5

C-

Rfk Community Schools - Los Angeles High School Of The Arts

Distance: 0.6 miles

Type Public

Grades: 9-12

C-

Rfk Community Schools - School For The Visual Arts & Humanities

Distance: 0.6 miles

Type Public

Grades: 9-12

C+

Rfk Community Schools - Ambassador School Of Global Leadership

Distance: 0.6 miles

Type Public

Grades: 6-12

C

Rfk Community Schools - Ucla Community School

Distance: 0.6 miles

Type Public

Grades: KG-12

C+

Los Angeles Elementary

Distance: 0.6 miles

Type Public

Grades: KG-5

C-

Camino Nuevo Elementary School #3

Distance: 0.6 miles

Type Public

Grades: KG-5

Everest Value

Distance: 0.7 miles

Type Public

Grades: KG-8

Olive Tree Christian Academy

Distance: 0.7 miles

Type Private

Grades: KG-6

University Of Silvaner

Distance: 0.7 miles

Type Private

Grades: 9-12

Hoover Street Elementary

Distance: 0.7 miles

Type Public

Grades: KG-5

B+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Los Angeles, CA 90006

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Los Angeles, CA 90006

This community’s employment is highest in the education and food industries. The area’s overall household expenses are below the national average.

82° August
Hottest Average Month
45° January
Coldest Average Month
19,249 Total Households in Area
-1.9% Increase in population since the year 2010
30%
of households
have children
37 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Los Angeles, CA 90006

Los Angeles, CA 90006 has a population of 56,964 people in 19,249 households with a median age of 37 years old.

-1.9%
Decrease in population
since the year 2010
Population is Trending down
20,128
Total households as of 2010
0.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 37 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Hispanic 68%
Other 49%
Asian 20%
White 11%
Black 4%
Native American 4%
The most prevalent ethnicity is Hispanic at 68%, followed by Other at 49%, Asian at 20%, and White at 11%.

Economics
for Los Angeles, CA 90006

29,536 /sq mi
Population Density
$42,371 /yr
Median Household Income
$760,000
Median Sales Price
37 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.17% of the households.

Transportation to Work

  • Drive 62%
  • Public Transit 26%
  • Work from Home 7%
  • Walk or Bike 5%

Occupancy by Type

Rented 17,493 85%
Owned 1,756 9%
Vacant 1,274 6%

White vs Blue Collar Jobs







White Collar 62%
Blue Collar 38%

Family & Education Facts
for Los Angeles, CA 90006

37 Median Age

Average Household Size

2.9
persons per
household

32.7%

Married Households

Community Population By Education

Some High School 38%
High School Graduate 23%
Bachelors Degree 16%
Some College 13%
Graduate Degree 5%
Associates Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is Some High School, representing 38.17% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
30% of households have children

Weather
for Los Angeles, CA 90006

The weather for this area ranges from a high of 82° F in August to a low of 45° F in January

82° August
Hottest Average Month
45° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
45°
66°
Feb
47°
67°
Mar
48°
68°
Apr
51°
71°
May
55°
72°
Jun
58°
76°
Jul
62°
81°
Aug
62°
82°
Sep
61°
81°
Oct
56°
77°
Nov
50°
72°
Dec
46°
67°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being 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. Information being 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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