1237 Irolo Street

Los Angeles, CA 90006

$1,000,000
Last Sold Price
4
Beds
4
Baths
3,400 Sq. Ft.
$294 / Sq. Ft.
3,400
Sq. Ft.
$294
per Sq. Ft.

Description

The investment you've been waiting for is here! 4.8 CAP current, upto 40% upside proforma. 4-unit multi-family property located in prime Los Angeles. One unit is ready for immediate occupancy with recent renovations including new flooring, paint, kitchen with new cabinets, stylish quartz countertop and subway tile backsplash, stainless steel appliances and tastefully done bathroom. Large windows provide ample natural light throughout, and a spacious living room is perfect for entertaining. Each unit...The investment you've been waiting for is here! 4.8 CAP current, upto 40% upside proforma. 4-unit multi-family property located in prime Los Angeles. One unit is ready for immediate occupancy with recent renovations including new flooring, paint, kitchen with new cabinets, stylish quartz countertop and subway tile backsplash, stainless steel appliances and tastefully done bathroom. Large windows provide ample natural light throughout, and a spacious living room is perfect for entertaining. Each unit is 1 bed, 1 bath approx. 850 sqft of living space. The building also includes a garage for additional parking and/or storage. Conveniently located in a highly desired area in Koreatown with shopping, dining, and entertainment options just steps away including prestigious Loyola High School. Easy access to public transportation, downtown and West LA, Fwy 10 & 110. All electric & gas meters are separate for each unit. DO NOT Disturb the tenants.
  1. Listed by Arthur Yoon • DRE #01955545 • Brokerage DRE #01791559 • Redpoint Realty

Property Details for 1237 Irolo Street

Zoning
LAR3
Parcel Number
5080035008
Total Units
4.0
Living Area
3400
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
25%
Lot Size Area
5905

Location

Listing Courtesy of Redpoint Realty, Arthur Yoon, DRE #01955545

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 08/25/2023 11:43 AM

Property Details for 1237 Irolo Street

StatusSold
MLS #23-262189
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.14 AC / 5,905 SF
CountyLos Angeles County

Location

Listing Courtesy of Redpoint Realty, Arthur Yoon, DRE #01955545

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 1237 Irolo Street

Stories2Residences-Year Built1929Building Size-Lot Size0.14 AC / 5,905 SF

Payment Calculator

$6,193 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$736

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1237 Irolo Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4 units
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Trust/Conservatorship
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $68,676
  • Net Operating Income: $48,073.00
  • Gross Income: $68,676
  • Cap Rate: 4.80%
  • Gross Rent Multiplier: $14.20
  • Total Annual Expense: 20603
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1356
  • Lot Size Square Feet: 5905
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 4+ Car, Garage Is Detached, Driveway - Concrete
  • Total Parking: 8
  • Covered Parking: 4
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Parking Features: Driveway, Concrete
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Vinyl Plank
  • Equipment: Microwave, Range/Oven, Refrigerator, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-20-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,280.00
  • Unit Actual Rent: $1,280.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,420.00
  • Unit Actual Rent: $1,420.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $91,974.00
  • Assessed Improvement Percent: 34.84
  • Assessed Land Value: $172,003.00
  • Assessed Land Percent: 65.16
  • Assessed Total Value: $263,977.00

Property History for 1237 Irolo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1237 Irolo Street

Taxable ValueLand$536,511Additions$159,097Total$695,608
Tax Record2023$8,834 ($736 / month)
Home Facts
Total Finished SqFt3,400 SqFtAbove Grade Finished SqFt3,400 SqFtLot Size5,905 SqFtStyleQuadraplexYear Built1929ZoningLAR3CountyLOS ANGELESAPN5080-035-008

Schools near 1237 Irolo Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redpoint Realty, Arthur Yoon, DRE #01955545

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.