1230 Irolo ST #7, Los Angeles, CA 90006
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Ian Michael

Ian Michael

+1(714) 723-1545
$ 3,200,000
Est. payment | /mo

15 Beds

10 Baths

7,430 SqFt

Save
$ 3,200,000
Est. payment | /mo
Save

15 Beds

10 Baths

7,430 SqFt

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Yun Young Kwag New Star Realty #01935957

Nearby Locations

Ian Michael

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 723-1545

admin@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California 9021290212, USA

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1230 Irolo ST #7