7-Unit Apartment
New
For Sale
$3,200,000
1230 Irolo St #7, Los Angeles, CA 90006
All seven residences are occupied, and four have been recently remodeled.
Property Size7,430 SF
Price / SF$430.69
Days on Market2
Property Features for 1230 Irolo St #7
General Information
Standard status
Active
Size
7,430 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$199,368
Financials
Cap Rate
6.2%
Gross Income
$232,056
Site & Location
Neighborhood
Harvard Heights
Units
Unit Mix
4 x 1bd/1ba, 2 x 3bd/2ba, 1 x 4bd/2ba
Multifamily Units
7
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1903
Buildings
4
Listed By:
Accardo Real Estate Associates - AREA
(310) 686-9361
Source:
Naylorproperties
Added: Oct 26
Last Checked: Oct 26 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Accardo Real Estate Associates - AREA
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Investment Insights
Based on property information with market context.
Four structures on two adjoining parcels provide approximately 7,430 square feet of living area. The unit mix includes four one-bedroom, one-bathroom apartments, a three-bedroom, two-bathroom house, a permitted detached ADU with four bedrooms and two bathrooms, and a remodeled three-bedroom, two-bathroom house. The ADU measures approximately 1,240 square feet and received its Certificate of Occupancy in 2022. The buildings date to 1895, 1903, and 1915; four of the seven residences have been remodeled. All units are occupied, and the property is subject to the LA City Rent Stabilization Ordinance.
Located in Pico-Union, adjacent to Koreatown, the property has confirmed TOC Tier 2 eligibility. A preliminary redevelopment scenario identifies capacity for up to 23 units; redevelopment is optional, with the existing residences currently occupied.
Located in Pico-Union, adjacent to Koreatown, the property has confirmed TOC Tier 2 eligibility. A preliminary redevelopment scenario identifies capacity for up to 23 units; redevelopment is optional, with the existing residences currently occupied.
Key Highlights
- Seven occupied residences across two adjoining parcels
- Approximately 7,430 square feet of living area in four structures
- Unit mix includes four 1bd/1ba apartments and three family‑sized homes
Property Analytics
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,955
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All seven residences are occupied, and four have been recently remodeled.
Where is this apartment building located?
The property is located at 1230 Irolo St #7 Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Seven occupied residences across two adjoining parcels; Approximately 7,430 square feet of living area in four structures; Unit mix includes four 1bd/1ba apartments and three family‑sized homes
