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0 Beds
30 Baths
24,642 sqft

$5,299,000

681 Shatto Place, Los Angeles CA, 90005

Price per sqft$215.04
Built in1923
Property size24,642 sqft
Property typeResidential
Listed by Demis Dokhanian CA DRE# 01940496 with JNM Realty, INC. 310-270-6616

Overview

Active

Listed May 27, 2026

Updated 2 weeks ago

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.

$35,254/mo

Est. mortgage payment based on a $5,299,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26839817

Interior Features

Bedrooms
0
Bathrooms
30
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

55+/Senior Community
No

Also listed on CLAW

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Listed by Demis Dokhanian CA DRE# 01940496 with JNM Realty, INC. 310-270-6616

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/31/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/31/2026 at 3:29 AM UTC Last Checked: 3:29 AM UTC

 

 

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