510 E 23rd Street, Los Angeles, CA 90011
List Price: $849K
Listing Status: Pending
0Days on Market: 22
12 Bedrooms · 6 Bathrooms · 6,936 sq ft
Property Type: ResidentialIncome
Year Built: 1907
Lot Size: 8,494 sq ft
MLS Number: 26967409
About This Property
Spectacular offering of a 12-unit SRO building just south of Downtown LA in the Historic Central submarket - SELLER WILL CARRY with 35% or more down. This stylish building provides the perfect opportunity to add value as well as significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with the units having their own separate exterior entrances and 6 total bathrooms with each bath between two 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.
Listing provided by: Grant Linscott DRE #01715002 323-300-1000 grantlinscottproperty@gmail.com, Keller Williams Realty Los Feliz
Source: CRMLS, MLS #: 26967409
The listing office is Keller Williams Realty Los Feliz. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.