1230 Irolo Street #7, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1230 Irolo Street #7,Los Angeles, CA 90006
$3,200,000
  • 15 Beds
  • 10 Baths
  • 7,430 sq. ft.
  • Multi-family
  • Active
Listed by: yun young kwag
Office: new star realty213-385-4989
MLS#:26104463
Source:CRMLS

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$430.69

About this home

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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Home facts

  • Year built:1903
  • Listing ID #:26104463
  • Added:6 day(s) ago
  • Updated:October 31, 2026 at 12:45 PM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:10
  • Kitchen Description:Microwave
  • Living area:7,430 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1903
  • Building area:7,430 sq. ft.
  • Lot area:0.27 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$430.69

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:7
  • Parking description:Assigned, Driveway
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