1230 Irolo Street Unit 7, Los Angeles, CA 90006
- $3,200,000
- 15
- BD
- 10
- BA
- 7,430
- SqFt
- List Price
- $3,200,000
- Status
- ACTIVE
- MLS#
- 26104463
- Year Built
- 1903
- Bedrooms
- 15
- Bathrooms
- 10
- Living Sq. Ft
- 7,430
- Lot Size
- 11,831
- Acres
- 0.27
- Days on Market
- 3
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Rare 7-unit multifamily on two adjacent parcels in central Los Angeles (Pico-Union, adjacent to Koreatown) sold together, APNs 5078-036-018 & -019. Four 1bd/1ba units in the front building plus three family-sized units at the rear: a 3bd/2ba house, a permitted 4bd/2ba detached ADU (approx. 1,240 SF, Certificate of Occupancy issued 2022), and a remodeled 3bd/2ba house. Approx. 7,430 SF of living area across four structures dating to 1895, 1903, and 1915. Strong in-place income $18,838/mo base rent plus water reimbursement and parking income ($232,056/yr gross), est. NOI $199,368/yr, a 6.2% cap at asking. All seven units occupied; four recently remodeled. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units income today, density optionality tomorrow. Subject to LA City Rent Stabilization Ordinance. Buyer to verify all information including rents, expenses, unit details, and RSO compliance.
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Additional Information
- Appliances
- Microwave
- Heat
- Wall Furnace
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 7
Listing courtesy of Listing Agent: Yun Young Kwag (yunyoungkwag@gmail.com) from Listing Office: New Star Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.