Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

12

Building size

6,936 sqft

Lot size

8,494 sqft

Year built

1907

Stories

3

Style

Victorian

Heating

Wall Furnace

Pool

None

View

City Lights,Hills

Status

Active

Days on market

22

MLS #

247362051

About this property

Spectacular offering of a 12-unit SRO building just south of Downtown LA in the Historic Central submarket - SELLER WILL CARRY with 35% or more down. This stylish building provides the perfect opportunity to add value as well as significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with the units having their own separate exterior entrances and 6 total bathrooms with each bath between two units. There is a large gated parking area with room for 10+ cars. Coin Laundry brings in an additional $6,302/year. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, the property is near local employment, and entertainment centers such as South Park, LA Live and Crypto Arena. Also, rapidly developing areas like USC, the Arts District, Exposition Park and Koreatown. The neighborhood is considered highly walkable with easy access to freeways, shops and public transportation.

Location

510 E 23rd Street

Los Angeles, Los Angeles, CA, 90011