Property photo 1
15 Beds
10 Baths
7,430 sqft

$3,200,000

1230 Irolo Street 7, Los Angeles CA, 90006

Price per sqft$430.69
Built in1903
Property size7,430 sqft
Property typeResidential
Listed by Yun Young Kwag CA DRE# 01935957 with New Star Realty 213-700-3239

Overview

Active

Listed Oct 22, 2026

Updated 17h ago

Rare 7-unit multifamily on two adjacent parcels in central Los Angeles (Pico-Union, adjacent to Koreatown) sold together, APNs 5078-036-018 & -019. Four 1bd/1ba units in the front building plus three family-sized units at the rear: a 3bd/2ba house, a permitted 4bd/2ba detached ADU (approx. 1,240 SF, Certificate of Occupancy issued 2022), and a remodeled 3bd/2ba house. Approx. 7,430 SF of living area across four structures dating to 1895, 1903, and 1915. Strong in-place income $18,838/mo base rent plus water reimbursement and parking income ($232,056/yr gross), est. NOI $199,368/yr, a 6.2% cap at asking. All seven units occupied; four recently remodeled. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units income today, density optionality tomorrow. Subject to LA City Rent Stabilization Ordinance. Buyer to verify all information including rents, expenses, unit details, and RSO compliance.

$21,290/mo

Est. mortgage payment based on a $3,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26104463

Interior Features

Bedrooms
15
Bathrooms
10
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.27 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Yun Young Kwag CA DRE# 01935957 with New Star Realty 213-700-3239

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/26/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/26/2026 at 4:08 AM UTC Last Checked: 4:08 AM UTC

 

 

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