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$ 3,200,000
Est. payment /mo
Active
1230 Irolo ST #7 Los Angeles, CA 90006
15 Beds
10 Baths
7,430 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,430 sqft
Price per Sqft $430
MLS Listing ID 26104463
Bedrooms 15
HOA Y/N No
Year Built 1903
Lot Size 0.272 Acres
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Microwave
Exterior
Parking Features Assigned, Driveway
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5078036018
Special Listing Condition Standard
Listed by Yun Young Kwag New Star Realty #01935957