CA > Los Angeles
Los Angeles, CA 90006,1047 Irolo St
Los Angeles, CA 90006,1047 Irolo St
Los Angeles, CA 90006,1047 Irolo St
Los Angeles, CA 90006,1047 Irolo St
Los Angeles, CA 90006,1047 Irolo St
Los Angeles, CA 90006,1047 Irolo St
Armand Martin
Armand Martin

Agent | License ID: 02140006

+1(661) 221-5011

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$ 2,150,000

$ 2,150,000

Est. payment | /mo

20 Baths

8,712 SqFt

$ 2,150,000

$ 2,150,000

Est. payment | /mo

20 Baths

8,712 SqFt

Key Details

Sold Price $2,150,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,712 sqft

Price per Sqft $246

MLS Listing ID 25497079

Sold Date 04/25/25

Year Built 1926

Lot Size 5,903 Sqft

Acres 0.1355

Property Sub-Type Multi-Family

Property Description

We are pleased to present a twenty (20) unit multifamily property located at 1047 Irolo Street in Los Angeles, California. The property is situated in a n ideal Koreatown location just south of Olympic Boulevard and east of Western Ave. Built in 1926, this property is comprised of twenty (20) studio units. Two (2) units will be de livered vacant allowing an investor to capture market rents on these units from day one. This property boasts a unique Nubian-inspired architecture, with the building resembling the grandeur of the Pyramids of Meroe. In addition, the property is master metered for gas, allowing rent to be increased by 5% annually. Averaging over 435 SF each, these large studio units have over 45% rental upside potential. The property includes a roughly 200 SF laundry room for tenants, allowing an investor to net additional income. This is the f first time in over 30years this property has been on the market. Situated in an ideal Koreatown location, this twenty (20) unit property presents an excellent opportunity for a value-add investor to capitalize on the tremendously rental upside.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning

Equipment Washer, Dryer

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap
Bought with Marcus & Millichap

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agent
Armand Martin

Agent | License ID: 02140006

+1(661) 221-5011

503 Commerce Ave, Palmdale, CA, 93551, USA

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1047 Irolo St