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For Sale

$1,049,000

6,260 sqft$168/sqft56 days on market

915 E 23rd Street

Los Angeles, CA 90011

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

6,260

Square feet

1968

Built

Listing narrative

Description

An exceptional investment opportunity to acquire a large, income producing four-unit property ideally positioned within the high-demand Downtown Los Angeles rental market. This well located quadruplex features 12 bedrooms, 6 bathrooms, and approximately 4,164 square feet of total living space situated on a 6,258-square-foot lot. The property is fully rented and currently generates approximately $7,994 per month in gross rental income. Ideal for investors, 1031 exchange buyers, and developers. This property presents potential upside may be achieved through strategic rent adjustments, improved property management, unit renovations and upgrades. Ideally located just minutes from the University of Southern California (USC), USC Village, Los Angeles Memorial Coliseum, Exposition Park, BMO Stadium, and Downtown Los Angeles (DTLA). Its convenient access to major freeways, Metro Rail and public transportation enhances connectivity throughout Los Angeles. The location is particularly appealing to students, professionals, and long-term renters, benefiting from proximity to educational institutions, entertainment venues, sports facilities, and DTLA market. With the region continuing to experience significant investment and development, including preparations and improvements associated with the 2028 Olympic Games.

Listing agent (MLS): Walner Hernandez · Listing brokerage (MLS): Keller Williams World Media Center

Property Details

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Price

$1,049,000

Beds

Beds n/a

Type

House

Home Size

6,260 sqft

Baths

Baths n/a

Lot Size

0.14 acres

Year

1968

Status

For Sale

Days on Market

56

$ / Sqft

$168

· 8% down, 7% APR, 30yr fixed
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Courtesy of Keller Williams World Media Center