1141 Irolo St - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$2,725,000 USD
818-309-3935
1141 Irolo St, Los Angeles, CA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/38
null | 5.15% Cap Rate

1141 Irolo St
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Low operating expenses
  • 2 vacant unit built in 2021
  • Fourplex featuring 2 standalone townhomes

OVERVIEW

Welcome to 1143 Irolo Street – a prime investment opportunity in the heart of Koreatown, Los Angeles. This rare and modern fourplex features two standalone 3-story duplex townhomes, each thoughtfully designed and built in 2021, offering a total of 12 bedrooms, 14 bathrooms, and 5,475 square feet of luxurious living space. Perfectly suited for both Contact Luke Smith 310.702.0128-investors and 1031 exchange buyers offers low operating expenses, two units (each 3 bed, 3 bath) will be delivered vacant, allowing for immediate occupancy or premium rental potential. These sleek, contemporary homes combine upscale finishes with functional design, including open-concept living areas, gourmet kitchens, designer bathrooms, and a powder room in each unit. Enjoy panoramic views of the Hollywood Hills and Downtown LA skyline, while owners will appreciate the low-maintenance setup with separate meters for gas, water, trash, and electricity for all four units. Because this is a non-rent-controlled property, there is greater flexibility in rent increases and tenant turnover, maximizing your long-term return on investment. With a Walk Score of 91, the location is unbeatable—just minutes from top dining, shopping, transit, and entertainment options in vibrant Koreatown. Whether you're a seasoned investor seeking stable cash flow or an owner-user looking to live in one unit while leasing the others, this is a must-see, high-performing asset in one of LA's most sought-after rental markets.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

4

PRICE/UNIT

$681,250

CAP RATE

5.15%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR3

APN/PARCEL ID

5080-034-010

ASK ABOUT THIS PROPERTY

Henry GarciaRise Real EstateMore Info
818-309-3935

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Henry GarciaRise Real EstateMore Info
818-309-3935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.