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    510 E 23Rd St Los Angeles, CA 90011

    For Sale
    $1,049,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    6,936 SF
    Lot size:
    0.20 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 12 at 7:06 am

    Property Features for 510 E 23Rd St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bedroom 8, Bedroom 10, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 10, Bedroom 6, Bathroom 3, Bedroom 9, Bathroom 7, Bathroom 8, Bathroom 11, Bedroom 12, Bedroom 7, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bathroom 12, Bedroom 3, Bathroom 9
    Bedrooms
    12
    Bathrooms
    6
    APN
    5127-012-004
    Parking
    10
    Parking features
    Driveway, Gated
    Appliances
    Oven
    Size
    6,936 SF
    Lot size
    0.20 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1907
    Floors in Building
    3
    Number of units
    12

    Keller Williams Los Feliz (323) 300-1000 [email protected]

    Listing agent Grant Linscott (323) 300-1000 License #01715002

    Listing date Sep 24, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Investment Opportunity

    This 12-unit building is located in the Historic Central submarket of Los Angeles, just south of Downtown LA. The property offers an opportunity to add value and increase rents. The unit mix includes 12 Single Room Occupancies (SRO), 6 two-bedroom tandem units with separate exterior entrances to the 2nd bedrooms, and 6 one-bedroom units. A gated parking area provides space for 10+ cars. Coin laundry generates an additional $6,302 per year. Situated in the heart of the Historic Central neighborhood, the property is near employment and entertainment centers such as South Park, LA Live, and Crypto Arena. It is also close to rapidly developing areas like USC, the Arts District, Exposition Park, and Koreatown. The neighborhood is considered highly walkable, with convenient access to freeways, shops, and public transportation. The property, zoned LAR2, has a building size of 6,936 square feet and is situated on a lot of 0.195 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.262584
    Latitude
    34.025038

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    FAQs

    What type of property is this?
    Apartment building - 12-unit building near Downtown LA with value-add potential.
    Where is this apartment building located?
    The property is located at 510 E 23Rd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,049,000.
    What are key features of this property?
    This property features: - 12-unit building in the Historic Central submarket of Los Angeles.; - Significant upside in rents and value-add opportunity.; - Unit mix includes 6 two-bedroom tandem units and 6 one-bedroom units.
    (323) 300-1000
    Request Owner's contact information
    510 E 23Rd St Los Angeles, CA 90011
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    Los Angeles, CA 90011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 E 23Rd St Los Angeles, CA 90011
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