510 E 23rd St, Los Angeles, CA 90011
510 E 23rd St
$1,199,000
12 beds
6,936 Sq.Ft.
1907 BUILT
8,494 Sq.Ft. LOT
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.

Area & Lot

Status
For Sale
Living Space
6,936 Sq.Ft.
Lot Size
8,494 Sq.Ft.
MLS® ID
24-345665
Type
Residential
Year Built
1907
Architecture Styles
Victorian
View Description
City Lights, City, Hills

Interior

Bedrooms
12
Kitchen
None
Laundry Room
Laundry Area

Exterior

Stories
3
Water Source
In Street
Pool
None
Parking
Driveway, Gated
Heat Type
Wall
Air Conditioning
Window Unit(s)
Sewer
In Street
Security Features
Gated

Financial

Sales Price
$1,199,000
Zoning
LAR2

Property Images

""
WATCH VIDEO

Work With Us

Dedicated to you. Contact us today to start your home search journey!