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12-Unit SRO Apartment Building
New
For Sale
$849,000

510 E 23rd St, Los Angeles, CA 90011

Individual exterior entrances and shared bathrooms define the building’s rooming-unit layout.

Property Size6,936 SF
Days on Market4

Property Features for 510 E 23rd St

General Information

Standard status Active
Size 6,936 SF
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 12 x SRO
Multifamily Units 12

Amenities

coin laundry
gated parking

Building Details

Building Size 6,936 SF
Year Built 1907
Buildings 1
Listing Agency: Keller Williams Realty Los Feliz
Listed By: Grant Linscott · License #01715002
Source: Rochellemaize
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 24 at 1:55PM

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 Keller Williams Realty Los Feliz

Investment Insights

Based on property information with market context.

Built in 1907, this 12-unit apartment building is configured for single-room occupancy. Each unit has its own exterior entrance, and the property has six bathrooms, with each shared by two units. A gated parking area accommodates 10 or more cars, and coin-operated laundry is on site.

The property is on East 23rd Street in Los Angeles, south of Downtown. Nearby destinations named for the area include South Park, LA Live, Crypto.com Arena, USC, the Arts District, Exposition Park, and Koreatown. Shops and public transportation are also identified as accessible from the neighborhood.

Key Highlights

  • 12 single‑room occupancy units, each with a separate exterior entrance
  • Six bathrooms, each shared by two units
  • Gated parking area with room for 10+ cars

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Accounting Firm Pet Grooming Service Supermarket Acupuncture Veterinary Clinic (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

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,453
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Individual exterior entrances and shared bathrooms define the building’s rooming-unit layout.
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 $849,000.
What are key features of this property?
This property features: 12 single‑room occupancy units, each with a separate exterior entrance; Six bathrooms, each shared by two units; Gated parking area with room for 10+ cars
More about this property
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