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932 Irolo Street, Los Angeles, CA

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932 Irolo Street

Los Angeles, CA 90006-1371 - Koreatown MF Submarket


Property Type:Multi-Family Number of Units:32 Status:Existing Year Built:1927
Stories:4 Building Size:18,400 SF Land Area:.16 AC (6,765 SF)
For Sale Price:$6,600,000 Price/Unit:$206,250.00 Cap Rate:4.40 % GRM:-

Parking:-


The property is located in the heart of Koreatown location on Irolo Street, north of Olympic Boulevard, south of 8th Street and just east of Western Avenue. The property is walking distance to Wilshire Boulevard or Olympic and close to public transit, the Robert Kennedy Community Schools, restaurants, and nightlife. It is also just down the street from Seoul Internationl Park.

Sale Notes:
HFF is pleased to present for sale 932 Irolo Street, a 32-unit art deco, non-rent controlled apartment community situated in the transit-oriented Koreatown submarket of the City of Los Angeles. 932 Irolo Street has been well maintained and significantly renovated in recent years providing for a true turnkey investment opportunity. Though the majority of the units have been renovated, new ownership will have the opportunity to add value by implementing a higher-end renovation program to the unit interiors, as well as select community improvements to capture further rental premiums.

HFF
Blake Rogers
(310) 407-2100




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