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10-Unit Apartment Building with Storefront
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501 E 23rd St, Los Angeles, CA 90011

Ten residential units plus a retail storefront on a 10,852 square foot parcel in Los Angeles.

Property SizeContact for details
Lot Size0.25 Acres
Days on Market122

Property Features for 501 E 23rd St

General Information

Standard status Active
Lot size 0.25 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 9
Listing Agency: Marcus & Millichap - Los Angeles
Listed By: Sean Rosenzweig · License #CA 01406343
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 11:45PM

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 Marcus & Millichap - Los Angeles

Investment Insights

Based on property information with market context.

This 10-unit building offers a mix of residential and retail space, consisting of nine apartment units and one storefront. The apartments include one one-bedroom unit and four two-bedroom units, along with a single retail storefront.

The property is located in Los Angeles, approximately two miles from the University of Southern California and about two miles from Staples Center and L.A. Live.

The offering is presented as having value-add potential through unit renovations, with the property described as a value-add investment opportunity.

Key Highlights

  • 10‑unit building at 501 East 23rd Street in Los Angeles (9 residential units + 1 storefront)
  • Unit mix includes 1 one‑bedroom unit and 4 two‑bedroom units, plus one retail storefront
  • Located on a 10,852 sq ft parcel

Property Analytics

Current Use

El Charrito Market Grocery & Convenience Store

Suggested Use

Top Pick Accounting Firm Pet Grooming Service Supermarket Acupuncture Tanning Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

3,488
Businesses Nearby

Demographics for 90011, CA

102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Ten residential units plus a retail storefront on a 10,852 square foot parcel in Los Angeles.
Where is this apartment building located?
The property is located at 501 E 23rd St Los Angeles, CA.
What are key features of this property?
This property features: 10‑unit building at 501 East 23rd Street in Los Angeles (9 residential units + 1 storefront); Unit mix includes 1 one‑bedroom unit and 4 two‑bedroom units, plus one retail storefront; Located on a 10,852 sq ft parcel
(213) 943-1800 Call to check price and availability
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