SoldBroker Activity · Entry № 119

Bankruptcy sale. Sold at $7.5 million.

Two stories. Koreatown. Corner of 6th and Ardmore.

PublishedAugust 25, 2026
StatusSold · Just Closed · Jul 13, 2026
DatelineThe Tape · Koreatown, Los Angeles
3625 W 6th St hero photo
LISTING PHOTO VIA COSTAR.
Four takeawaysFour things to know about 3625 W 6th St
  1. $7.5 million on July 13. Confirmed.The ask on CoStar is $7 million. That was the court overbid floor. They came in $500,000 over the floor. The listing broker says more than 10 offers. It got bid up. 102 days on market.
  2. 27,500 SF. $273 a foot.1955. Two stories. Koreatown. Corner of 6th and Ardmore. 33,729 SF of land. $222 a foot on the dirt.  The brochure said vacant at close. Sale condition is high vacancy and bankruptcy.
  3. The buyer is Insite Development.New York. Recorded as RSJ I LLC. Steve Eglash. The seller on CoStar is Charles Y and Christine K Yeh. They held it more than 20 years. The court file is the Chapter 7 estate of Yoon Hee Yeh. Jeff Luster and Rene Mexia at Major Properties listed it with Bill Friedman at Coldwell Banker. 
  4. CoStar says do not use this as a comp.Non-arms-length. Quit claim. Bankruptcy. No GRM. No cap. No NOI. Assessed value at sale was $1,995,950. They paid about 3.8 times the assessment. Sold over the $5 million ULA line in the City of Los Angeles. I do not have who paid what.
Deal Stats · 3625 W 6th St
Sale Price
$7,500,000
confirmed
List Price
$7,000,000
initial ask
Bid-Ask Delta
+$500,000
sold over ask
Price / SF
$272.73/SF
on 27,500 SF RBA
Price / Land SF
$222.36/SF
on 33,729 SF lot
Year Built
1955
masonry, 2-story
Gross SF
27,500 SF
office 63.6% · retail 36.4%
Lot SF
33,729 SF
0.77 acres · 225' × 150'
Zoning
LA C2-1
Opportunity Zone
ULA Tax Est.
$300,000
above ULA threshold
Days on Market
102
sale date Jul 13, 2026
Buyer
Insite Development
recorded as RSJ I LLC

The Location

3625 W 6th St sits in the heart of Koreatown, two blocks west of Western Ave and roughly equidistant from the Wilshire/Western and Wilshire/Normandie Metro B Line stations. This is one of the densest and most transit-served corridors in Los Angeles.

CoStar's estimated rent range of $26 to $32 per SF.

The Setup

The building is a 2-story  structure built in 1955. It totals 27,500 SF: 17,500 SF of office (63.6%) and 10,000 SF of retail (36.4%). 

What an Operator Sees

Three things stand out for any operator reviewing this transaction:

The 70 parking spaces on a 33,729 SF lot in Koreatown is a great part of the value. 

The land is also large putting land value around 6M in my books. 

Tracking that we see a Bankruptcy sale. 

Bid up to $7.5 million.

I don't have the income.

I don't have a clean vacancy number.

I'm keeping the auction and the CoStar flag.

I'm researching the market to make better investment strategies. I'm sharing what I find along the way with other investors to have discussions, debates and help make better decisions.

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Property and transaction data: CoStar Research and Jeff Luster

Brokers
Listing Broker
Rene Mexia / Jeff Luster / Bill Friedman
Major Properties / Coldwell Banker Commercial Realty
    Written from the field

    David Safai, operator, developer, GC.

    Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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