915 E 23rd Street Los Angeles, CA $ 1,099,000
915 E 23rd Street
$ 1,099,000
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915 E 23rd Street

Los Angeles, CA, 90011
$ 1,099,000
Bedrooms-- Baths2.0 Sq 4,164

Monthly Estimate*

$ 7,591

Listed by Walner Hernandez, Keller Williams World Media Center, wallyhomeskw@gmail.com
915 E 23rd Street, Los Angeles, CA 90011 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $1,099,000 with 2 full baths. This 4,164 square foot home was built in 1968 on a lot size of 0.1437.

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.

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Multi-Family Active

Price

$ 1,099,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1437

Year Built

1968

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

DW26200437

Days on Market

31

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Composition Shingle
HOA Fee 0
Garage Spaces 0
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1968
Electric Standard
Tenant Pays Electricity Gas See Remarks
View None
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 0
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 55528
Operating Expense 40405
Insurance Expense 3800
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 1500
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions SAN PEDRO ST & 23RD ST.
City Los Angeles
Disclosures Rent Control
Entry Location Floor
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 4
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 6258
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional FHA Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1000
Current Financing Conventional
Fuel Expense 1200
Trash Expense 1600
Water Sewer Expense 11826
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Other
Tax Lot 23
Total Actual Rent 7994.4
Property Sub Type Additional Quadruplex
Taxes 13750
Cap Rate 5.05
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Interior
Flooring See Remarks
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features None See Remarks
Entry Level 1
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Exterior
Fencing Wrought Iron
Parking Features Uncovered
Lot Features Back Yard Yard
Water Source Public
Total Parking 2
Lot Size Area 6258
Number of Buildings 2
Spa false
Building Area Total 4164
Lot Size Acres 0.1437
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 3
Road Frontage Type City Street
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* Excluded Features
List By
Walner Hernandez

Listing Agent

Keller Williams World Media Center

Broker

wallyhomeskw@gmail.com

Email

Affordability Calculator

$7,591
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,591
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/13/2026$1,099,000 Listed Price

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915 E 23rd Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $1,099,000 with 4,164 sqft and a lot size of 0.1437. 915 E 23rd Street has 2.0 baths and was built in 1968. The property's zip code is 90011 which is in Los Angeles, CA