1230 1230 Irolo St Unit 7, Los Angeles, CA 90006
- $3,200,000
- 15
- BD
- 10
- BA
- 7,430
- SqFt
- List Price
- $3,200,000
- MLS#
- 26104463
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 15
- Bathrooms
- 10
- Living Area
- 7,430
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.
Additional Information
- Year Built
- 1903
- Garage
- Assigned, Driveway
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Courtesy of New Star Realty, Yun Young Kwag.
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