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

510 East 23rd Street

^$ 1,199,000

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510 East 23rd Street

Los Angeles, CA, 90011

^$ 1,199,000

Studio Baths0.0 Sq 6,936

Monthly Estimate*

^$ 8,375

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

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

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

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

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,199,000. This 6,936 square foot home was built in 1907 on a lot size of 0.2.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Victorian

Lot Size

0.2

Year Built

1907

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024345665

Features

General

Heating Wall Furnace

Possession Close of Escrow

Zoning LAR2

Architectural Style Victorian

Security Features Gated Community

Year Built 1907

View Hills City Lights

Levels Multi/Split

Accessibility Other

County Los Angeles

Net Operating Income 65650.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N Yes

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 8494.0

Street Name 23rd

Structure Type None

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Oven

Total Stories 3

Heating Y/N Yes

Street Suffix Street

Total Baths 0

Exterior

Parking Features Driveway

Lot Size Area 8494.0

Spa No

Pool Y/N? No

Building Area Total 6936.0

Lot Dimensions 50x169

Lot Size Acres 0.2

Lot Size Units Square Feet

Lot Size Source Assessor

Land Lease Type Fee

* Excluded Features

List By

Grant Linscott

Listing Agent

Keller Williams Realty Los Feliz

Broker

Affordability Calculator

$8,375

Per Month

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

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Yearly Home Insurance

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 ^$2,033,241

Percent of Sale Price 70%

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.

793437 Elementary School

793428 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 East 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 0.2. 510 East 23rd Street is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/23/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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510 East 23rd Street

Multi-Family Home for sale in Los Angeles, CA

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