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Los Angeles, CA 90011 510 E 23rd Street

$1,199,000

510 E 23Rd Street Los Angeles, Ca - Image 1510 E 23Rd Street Los Angeles, Ca - Image 2510 E 23Rd Street Los Angeles, Ca - Image 3
Presented By: Grant Linscott with Keller Williams Realty Los Feliz;
  • MLS# 24345665
  • 01/16/2024
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  • BedBeds • 12
  • BathBaths • 6
  • FootageSQFT • 6,936

Home Details

Buyers flaked at no fault of property! Spectacular offering of a 12-unit building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value by renovating and capture the significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with 6 two bedroom tandem units with separate exterior entrances to the 2nd bedrooms and 6 one bedroom units. There is a large gated parking area with room for 10+ cars. Coin Laundry brings in an additional $6,302/year. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, the property is near local employment, and entertainment centers such as South Park, LA Live and Crypto Arena. Also, rapidly developing areas like USC, the Arts District, Exposition Park and Koreatown. The neighborhood is considered highly walkable with easy access to freeways, shops and public transportation.
Presented By: Grant Linscott with Keller Williams Realty Los Feliz;

Interior Features for 510 E 23rd Street

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories3

General for 510 E 23rd Street

Additional Parcels Y/NNo
AppliancesOven
Architectural StyleVictorian
Attached Garage No
Cap Rate5.4
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
Days on Market27
DirectionsUSE GOOGLE MAPS
Garage Y/NNo
Gross Income137754.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet8494.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income65650.0
New ConstructionNo
Open Parking Spaces10.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name23rd
Total Units12
ViewCityLights, Hills
View Y/NYes
Waterfront Y/NNo
Year Built1907
Year Built SourceAssessor
ZoningLAR2

Exterior for 510 E 23rd Street

Building Area Total6936.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x169
Lot Size Acres0.195
Lot Size Area8494.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDriveway, Gated
SpaNo
Total Parking10.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,199,000
MLS#24345665
List Date 01/16/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors