510 E 23rd St
Property Description
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.
Broker Details
Keller Williams Los Feliz (323) 300-1000
MLS ID: X74282 State License Number: 01715002
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $849,000 |
| No. of Units: | 12 |
| Year Built: | 1907 |
| Lot Size: | 6,936.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $70,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 6 |
ID: 3yd-CLAWCA-26967409
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