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12-Unit SRO Apartment Building
For Sale
$999,000

510 E 23rd St, Los Angeles, CA 90011

SRO configuration with gated parking, private exterior entries, and on-site coin laundry.

Property Size6,936 SF
Price / SF$144.03
Days on Market170

Property Features for 510 E 23rd St

General Information

Standard status Active
Size 6,936 SF
Property subtype Residential Income

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 12 x SRO
Multifamily Units 12

Amenities

gated parking
coin laundry

Building Details

Buildings 1
Listing Agency: Keller Williams Realty Los Feliz
Listed By: Grant Linscott · License #01715002
Source: Exprealty
Added: Feb 24 Changed: Aug 11 Last Checked: Aug 12 at 11:07AM

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.

This 6,936-square-foot apartment building contains 12 single-room occupancy units, each accessed through its own exterior entrance. Six bathrooms serve the units, with each bathroom shared by two units. The property also includes an on-site coin laundry and a gated parking area accommodating 10+ cars.

The building is in Los Angeles’ Historic Central submarket, just south of Downtown LA. South Park, LA Live, and Crypto Arena are nearby, along with USC, Exposition Park, the Arts District, and Koreatown. The surrounding neighborhood is described as highly walkable, with access to freeways, shops, and public transportation.

Key Highlights

  • 12 SRO units within a 6,936‑square‑foot apartment building
  • Private exterior entrance for each unit
  • 6 total bathrooms, with each bathroom serving two units

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

3,488
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - SRO configuration with gated parking, private exterior entries, and on-site coin laundry.
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 $999,000.
What are key features of this property?
This property features: 12 SRO units within a 6,936‑square‑foot apartment building; Private exterior entrance for each unit; 6 total bathrooms, with each bathroom serving two units
More about this property
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