742 Irolo Street, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
742 Irolo Street,Los Angeles, CA 90005
$1,900,000
  • 8 Beds
  • 8 Baths
  • 5,607 sq. ft.
  • Multi-family
  • Active
Listed by: stephen f. watson, michael r. fukushima
Office: keller williams los angeles
MLS#:25609475
Source:CRMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$338.86

About this home

742 Irolo Street presents an exceptional opportunity to acquire an 8-unit multifamily property in the heart of Koreatown, one of Los Angeles' most vibrant and high-demand rental submarkets. The property features a well-balanced mix of seven (1-bed / 1-bath) units and one (2-bed / 1-bath) unit, totaling 5,607 square feet of living space on a 6,762 square foot LAR4-zoned lot. Operating at a 4.6% cap rate and 13.18 GRM, the building offers investors a healthy in-place return with the potential for continued rent growth over time. The LAR4 zoning allows for future redevelopment possibilities, providing flexibility for both long-term hold and value-add investors seeking to capitalize on the strong fundamentals of the Koreatown market. The property is centrally located just moments from Wilshire Boulevard, 8th St, and the Wilshire/Normandie Metro Station, offering excellent access to Downtown Los Angeles, Hollywood, and the greater LA area. With an exceptional Walk Score, residents enjoy...

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Home facts

  • Year built:1954
  • Listing ID #:25609475
  • Added:143 day(s) ago
  • Updated:March 14, 2026 at 12:28 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Living area:5,607 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1954
  • Building area:5,607 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$338.86

Parking

  • Total parking spaces:7
  • Parking description:Carport
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