About 510 E 23rd St
Buyers flaked at no fault of property! Spectacular offering of a 12-unit building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value by renovating and capture the significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with 6 two bedroom tandem units with separate exterior entrances to the 2nd bedrooms and 6 one bedroom 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.
Features of 510 E 23rd St
| MLS® # | 24-345665 |
|---|---|
| Price | $1,199,000 |
| Bedrooms | 12 |
| Bathrooms | 6.00 |
| Square Footage | 6,936 |
| Acres | 0.20 |
| Year Built | 1907 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Style | Victorian |
| Status | Active |
Community Information
| Address | 510 E 23rd St |
|---|---|
| Area | Downtown L.A. |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90011 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Garages | Driveway, Gated |
| View | City Lights, City, Hills |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Oven |
|---|---|
| Heating | Wall |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Additional Information
| Date Listed | January 16th, 2024 |
|---|---|
| Days on Market | 112 |
| Zoning | LAR2 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Grant Linscott (01715002) |
|---|---|
| Office | Keller Williams Realty Los Feliz |