510 E 23rd Street Los Angeles, CA ^$ 1,199,000

510 E 23rd Street

^$ 1,199,000

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510 E 23rd Street

Los Angeles, CA, 90011

^$ 1,199,000

Bedrooms12 Baths6.0 Sq 6,936

Monthly Estimate*

^$ 8,375

Listed by Keller Williams Realty Los Feliz

510 E 23rd Street, Los Angeles, CA 90011 - Image 1

510 E 23rd Street, Los Angeles, CA 90011 - Image 2

510 E 23rd Street, Los Angeles, CA 90011 - Image 3

510 E 23rd Street, Los Angeles, CA 90011 - Image 4

Multi-Family Home for sale in Los Angeles, CA

for $1,199,000 with 12 bedrooms and 6 full baths. This 6,936 square foot home was built in 1907 on a lot size of 0.195.

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.

Multi-Family Active

Price

^$ 1,199,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Victorian

Lot Size

0.195

Year Built

1907

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24345665

Days on Market

103

Features

General

Sewer Other

Heating WallFurnace

Possession CloseOfEscrow

Appliances Oven

Zoning LAR2

Architectural Style Victorian

Pool Features None

Security Features GatedCommunity

Year Built 1907

View CityLights Hills

Levels MultiSplit

Gross Income 137754.0

Community Features Gated

County Los Angeles

Net Operating Income 65650.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions USE GOOGLE MAPS

City Los Angeles

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 10.0

Total Units 12

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 8494.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 23rd

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 27

Standard Status Active

Year Built Source Assessor

Cap Rate 5.4

Exterior

Parking Features Driveway Gated

Total Parking 10.0

Lot Size Area 8494.0

Number of Buildings 1

Spa N

Building Area Total 6936.0

Lot Dimensions 50x169

Lot Size Acres 0.195

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 12

Electric On Property Y/N N

Total Baths 6

Internal Only

Street Number 1 510

* Excluded Features

List By

Keller Williams Realty Los Feliz

Broker

(323) 300-1174

Phone

Affordability Calculator

$8,375

Per Month

Monthly Principal & Interest: $8,375
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 67%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/17/2024	$1,199,000		Listed Price

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510 E 23rd Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $1,199,000 with 6,936 sqft and a lot size of 0.195. 510 E 23rd Street has 12 bedrooms, 6.0 baths, and was built in 1907. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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510 E 23rd Street

Multi-Family Home for sale in Los Angeles, CA

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