915 East 23rd Street

Los Angeles, CA 90011

$945,000
Last Sold Price
12
Beds
6
Baths
4,164 Sq. Ft.
$227 / Sq. Ft.
4,164
Sq. Ft.
$227
per Sq. Ft.

Description

Great opportunity to own a Quadruplex in the Historic South Central area, appx. 2 miles from the University of Southern California (USC). Property features 4 spacious units, of which are divided between two separate buildings. 4164 square footage of living space and 6,258 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyers a significant upside in future rental potential due to the dense rental area and the major construction developments in...Great opportunity to own a Quadruplex in the Historic South Central area, appx. 2 miles from the University of Southern California (USC). Property features 4 spacious units, of which are divided between two separate buildings. 4164 square footage of living space and 6,258 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyers a significant upside in future rental potential due to the dense rental area and the major construction developments in the area which include the new seven story development being built on Adams/Grand which will have 296 units of housing and 5,000 square feet of commercial space. Also, the new Multi-Housing development, featuring 105 residential units along with commercial space spanning an area of 7,300 square feet. Property is also near LA Live, Banc of California Stadium, LA Memoria Coliseum, Crypto. Com Arena, Dodger Stadium, Union Station, restaurants, 10 & 110 Freeways and much more. This property is a must see!
  1. Listed by Walner H Hernandez • DRE #01318574 • Brokerage DRE #00914603 • RE/MAX Alliance Group

Property Details for 915 East 23rd Street

Water Front
None
Zoning
LAR2
Style
Traditional
Parcel Number
5131016026
Total Units
4.0
Living Area
4164
Source Living Area
Assessor
Area
Downtown L.A. (C42)

Location

Listing Courtesy of RE/MAX Alliance Group, Walner H Hernandez, DRE #01318574

Sold By RE/MAX Alliance Group, Walner H Hernandez, DRE #01318574

Add your commute
LISTING UPDATED: 11/07/2022 04:08 PM

Property Details for 915 East 23rd Street

StatusSold
MLS #22-135207
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.14 AC / 6,258 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX Alliance Group, Walner H Hernandez, DRE #01318574

Sold By RE/MAX Alliance Group, Walner H Hernandez, DRE #01318574

Add your commute

Building Information for 915 East 23rd Street

Stories2Residences-Year Built-Building Size-Lot Size0.14 AC / 6,258 SF

Payment Calculator

$6,147 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,157

Property Taxes

$990

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 915 East 23rd Street

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multi Family
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Owner May Carry, Conventional, Private
  • Disclosures: As Is, Owner Has R.E. License
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $79,104
  • Net Operating Income: $49,143.00
  • Gross Income: $79,104
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $12.58
  • Actual Annual Gross Rent: $79,104.00
  • Actual Gross Annual Income: $79,104
  • Actual Rent Total: $6,592.00
  • Owner Pays: Gas, Electricity, Water, Other
  • Total Annual Expense: 28251
  • Other Expense: $9,815.00
  • Tax Expense: $12,437
  • Insurance Expense: $614
  • Expense Supplies: $685.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.1437
  • Lot Size Square Feet: 6258
  • Lot Features: Front Yard
  • Lot Description: Sidewalks, Front Yard, Fenced Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Detached, Garage
  • Total Parking: 2
  • Covered Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: Detached Carport, Garage
  • Attached Garage: No
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Other - See Remarks
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-14-2022
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,710.00
  • Unit Actual Rent: $1,710.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,512.00
  • Unit Actual Rent: $1,512.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,270.00
  • Unit Actual Rent: $1,270.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $262,137.00
  • Assessed Improvement Percent: 64.41
  • Assessed Land Value: $144,825.00
  • Assessed Land Percent: 35.59
  • Assessed Total Value: $406,962.00
  • Private Transfer Taxes: No

Property History for 915 East 23rd 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 915 East 23rd Street

Taxable ValueLand$530,000Additions$415,200Total$945,200
Tax Record2023$11,880 ($990 / month)
Home Facts
Total Finished SqFt4,164 SqFtAbove Grade Finished SqFt4,164 SqFtLot Size6,258 SqFtStyleDuplexZoningLAR2CountyLOS ANGELESAPN5131-016-026

Schools near 915 East 23rd 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
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
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 RE/MAX Alliance Group, Walner H Hernandez, DRE #01318574

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.