7
See all 7 photos
$1,900,000
Est. payment /mo
8 Beds
8 Baths
5,607 SqFt
New
742 Irolo ST Los Angeles, CA 90005
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,607 sqft
Price per Sqft $338
MLS Listing ID 25609475
Bedrooms 8
HOA Y/N No
Year Built 1954
Lot Size 6,760 Sqft
Property Description
742 Irolo Street presents an exceptional opportunity to acquire an 8-unit multifamily property in the heart of Koreatown, one of Los Angeles' most vibrant and high-demand rental submarkets. The property features a well-balanced mix of seven (1-bed / 1-bath) units and one (2-bed / 1-bath) unit, totaling 5,607 square feet of living space on a 6,762 square foot LAR4-zoned lot. Operating at a 4.6% cap rate and 13.18 GRM, the building offers investors a healthy in-place return with the potential for continued rent growth over time. The LAR4 zoning allows for future redevelopment possibilities, providing flexibility for both long-term hold and value-add investors seeking to capitalize on the strong fundamentals of the Koreatown market. The property is centrally located just moments from Wilshire Boulevard, 8th St, and the Wilshire/Normandie Metro Station, offering excellent access to Downtown Los Angeles, Hollywood, and the greater LA area. With an exceptional Walk Score, residents enjoy immediate proximity to Koreatown's most popular dining, nightlife, and retail destinations including The Line Hotel, H Mart, Chapman Plaza, and numerous trendy cafes and entertainment venues. 742 Irolo Street represents a rare opportunity to acquire a stabilized asset with consistent cash flow, upside potential, and irreplaceable location fundamentals. Whether you are a seasoned investor expanding your Los Angeles portfolio or a first-time buyer entering the multifamily market, this Koreatown property offers a compelling blend of income stability and long-term appreciation.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5094004013
Special Listing Condition Standard
Listed by Stephen F. Watson Keller Williams Los Angeles
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