915 E 23rd Street,Los Angeles, CA 90011
Los Angeles, CA 90011
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.
Details
| MLS # | DW26200437 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 64 |
| Listing Provided By | Keller Williams World Media Center | Walner Hernandez |
Features
| SQ Feet | 4,164 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.14 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Stucco |
| Lot Features | Back Yard, Yard |
| Fencing | Wrought Iron |
Parking
| Parking Features | Uncovered |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $1,049,000 low | high Med: $792,500 sqft: 4,164 low | high Med: 2,567 $ / sqft: $252 low | high Med: $324 On site: 64 low | high Med: 51.5 | |
Market Activity 90011
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $1,049,000 low | high Med: $792,500 sqft: 4,164 low | high Med: 2,567 $ / sqft: $252 low | high Med: $324 On site: 64 low | high Med: 51.5 | |
