1230 Irolo Street 7, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1230 Irolo Street 7

Los Angeles, CA 90006
15 Beds
10 Baths
7,430 Sq Ft
Built 1903
$3,200,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1903
Living area
7,430 sq ft
Lot size
11,831 sq ft
Parking
7 spaces
Stories
2
Days on market
3
MLS status
Active
Zoning
LAR3

Features & Amenities

Interior

  • Ceiling Fans

Appliances

  • Microwave

Parking

  • Assigned
  • Driveway

Community, Schools & Utilities

Utilities

Heating
WallFurnace
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Location & Neighborhood

1230 Irolo Street 7

Los Angeles, CA 90006

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Frequently Asked Questions About 1230 Irolo Street 7

Property type: Residential Income

The current asking price is $3,200,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1230 Irolo Street 7. Our team will confirm availability and timing.
This 15 bedrooms and 10 bathrooms property offers approximately 7,430 square feet of living space. It was built in 1903. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 3 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Yun Young Kwag
MLS ID: CLW-C111629

Available property

$3,200,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.