7-Unit Apartment
For Sale
$3,200,000
7-1230 Irolo St, Los Angeles, CA 90005
The property combines a four-unit front building with three rear residences, including a detached ADU.
Property Size7,430 SF
Price / SF$430.69
Days on Market12
Property Features for 7-1230 Irolo St
General Information
Standard status
Active
Size
7,430 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$199,368
Financials
Cap Rate
6.2%
Gross Income
$232,056
Site & Location
Neighborhood
Koreatown
Units
Unit Mix
4 x 1bd/1ba, 1 x 3bd/2ba house, 1 x 4bd/2ba ADU, 1 x 3bd/2ba remodeled house
Multifamily Units
7
Additional Details
Tenant in Place
Yes
Building Details
Buildings
4
Listing Agency:
New Star Realty
(213) 385-4989
Listed By:
Yun Young Kwag
(213) 700-3239
Source:
Exprealty
Added: Oct 25
Changed: Nov 4
Last Checked: Nov 4 at 2:22PM
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 New Star Realty
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Investment Insights
Based on property information with market context.
Four units occupy the front building, each configured with one bedroom and one bathroom. The rear includes two houses, one with three bedrooms and two bathrooms and another with the same bedroom and bathroom count, plus a permitted detached ADU with four bedrooms and two bathrooms. The ADU received its Certificate of Occupancy in 2022. Across four structures dating to 1895, 1903, and 1915, the property contains approximately 7,430 SF of living area. Four units have been remodeled, and all seven are occupied.
The property spans two adjacent parcels in Pico-Union, next to Koreatown. It is subject to the LA City Rent Stabilization Ordinance. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units; that scenario is not a guarantee of development approval.
The property spans two adjacent parcels in Pico-Union, next to Koreatown. It is subject to the LA City Rent Stabilization Ordinance. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units; that scenario is not a guarantee of development approval.
Key Highlights
- Seven units across two adjacent parcels and four structures
- Approximately 7,430 SF of living area
- Front building has four 1bd/1ba units; rear residences include two 3bd/2ba houses and a 4bd/2ba detached ADU
Property Analytics
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
10,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines a four-unit front building with three rear residences, including a detached ADU.
Where is this apartment building located?
The property is located at 7-1230 Irolo St 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 units across two adjacent parcels and four structures; Approximately 7,430 SF of living area; Front building has four 1bd/1ba units; rear residences include two 3bd/2ba houses and a 4bd/2ba detached ADU
