915 E 23rd Street
Property Overview
An exceptional investment opportunity to acquire a large, income producing four-unit property ideally positioned within the high-demand Downtown Los Angeles rental market. This well located quadruplex features 12 bedrooms, 6 bathrooms, and approximately 4,164 square feet of total living space situated on a 6,258-square-foot lot. The property is fully rented and currently generates approximately $7,994 per month in gross rental income. Ideal for investors, 1031 exchange buyers, and developers. This property presents potential upside may be achieved through strategic rent adjustments, improved property management, unit renovations and upgrades. Ideally located just minutes from the University of Southern California (USC), USC Village, Los Angeles Memorial Coliseum, Exposition Park, BMO Stadium, and Downtown Los Angeles (DTLA). Its convenient access to major freeways, Metro Rail and public transportation enhances connectivity throughout Los Angeles. The location is particularly appealing to students, professionals, and long-term renters, benefiting from proximity to educational institutions, entertainment venues, sports facilities, and DTLA market. With the region continuing to experience significant investment and development, including preparations and improvements associated with the 2028 Olympic Games.
Home Details
- Property type
- Residential Income - Quadruplex
- Year built
- 1968
- Lot size
- 6,258 sq ft
- Parking
- 2 spaces
- Stories
- 2
- Days on market
- 1
- MLS status
- Active
- Architectural style
- Traditional
Features & Amenities
Parking
- Uncovered
Pool
- None
Lot
- Back Yard
- Yard
Security
- Carbon Monoxide Detectors
- Smoke Detectors
Community, Schools & Utilities
Community
- View
- None
Utilities
- Heating
- WallFurnace
- Cooling
- None
- Electric
- Standard
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 915 E 23rd Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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