510 E 23rd St

Property feature image
Property gallery image
Property gallery image
Property gallery image
Address: 510 E 23rd St, Los Angeles, CA 90011, USA
Created date: May 23, 2024
Date last updated: May 23, 2024

Property Description

Buyers flaked at no fault of property! Spectacular offering of a 12-unit building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value by renovating and capture the significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with 6 two bedroom tandem units with separate exterior entrances to the 2nd bedrooms and 6 one bedroom 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,199,000
No. of Units: 12
Year Built: 1907
Lot Size: 6,936.00 Sq ft
Opportunity Zone: No
Price per unit: $99,917
Property Website Click Here
Number of Bedrooms: 12
Number of Bathrooms: 0
Address: 510 E 23rd St, Los Angeles, CA 90011, USA
Provided by:

Similar Properties in the Area

326 San Vicente Blvd

Santa Monica , California
California & West + Apartment Buildings
Units: 17
Price: $10,750,000

11666 Mayfield Ave

Los Angeles , California
California & West + Apartment Buildings
Units: 15
Price: $8,300,000

11942 Darlington Ave

Los Angeles , California
California & West + Apartment Buildings
Units: 13
Price: $8,475,000
popup background image