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$1,375,000
Est. payment /mo
8 Beds
6 Baths
4,214 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,214 sqft
Price per Sqft $326
MLS Listing ID 26844939
Bedrooms 8
HOA Y/N No
Year Built 1922
Lot Size 5,911 Sqft
Property Description
Located in the heart of Los Angeles, 1206 Irolo Street presents a rare opportunity to acquire a meticulously maintained and extensively renovated four-unit apartment property in a highly desirable rental market. The current owner purchased the property in 2004 and invested nearly two years in a comprehensive renovation project. While preserving the original structural framework, the building was substantially rebuilt and modernized, creating a high-quality asset designed for long-term ownership and tenant satisfaction. As part of the renovation, the property was thoughtfully reconfigured from its original five-unit layout into four larger and more functional residences. This redesign enhanced the overall living experience for tenants while improving the property's long-term value and operational efficiency. The building has been exceptionally well maintained throughout ownership and continues to attract and retain quality residents. Each unit is equipped with its own in-unit washer and dryer, an amenity highly valued by today's renters. The property also offers dedicated on-site parking, with one parking space assigned to each one-bedroom unit and two parking spaces assigned to each three-bedroom unit, providing convenience rarely found in comparable properties throughout the area. One of the property's most attractive features is its stable tenant base. The building is occupied by reliable, long-term tenants who have demonstrated a consistent history of timely rent payments, creating dependable cash flow and minimizing management concerns for future ownership. Ideally situated near Koreatown and Downtown Los Angeles, the property benefits from easy access to major employment centers, public transportation, shopping, dining, and entertainment. This prime location, combined with the property's extensive renovation history, desirable unit amenities, dedicated parking, and strong tenant profile, makes this Fourplex an exceptional turnkey investment opportunity with both immediate income and long-term upside potential.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Door-Multi, Garage, One Space, Uncovered
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5078036023
Special Listing Condition Standard
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Listed by Soon Hee Lee Landpac Properties #01714687
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