For Sale Multi-Family MLS# DW26200437

915 E 23rd Street

Los Angeles, CA 90011

$1,049,000

california-regional-mls-rsd logo

About 915 E 23rd Street

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.

Property details

Property

Type
Quadruplex
MLS type
Multi Family Home
Status
Active
Year built
1968
Stories
2
Living area
4,164 sqft
Price / sqft
$252
Lot
0.1437
Original price
$1,099,000
MLS #
DW26200437

Interior

Heating
Wall Furnace

Exterior & lot

Features
Traditional, Parking spaces: 2
Construction
Stucco
Roof
Composition, Shingle
Fence
Wrought Iron
Parking
Uncovered

Schools

District
Los Angeles Unified School District

Utilities

Utilities
Public Sewer, Public, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Standard
Water
Public
Sewer
Public Sewer
Security
Carbon Monoxide Detector(s), Smoke Detector(s)

Financial

Parcel
5131016026
Special conditions
Standard

Location

Area
C42 - Downtown L.A.
County
Los Angeles
Neighborhood
Historic South Central
Community
City Street, 0.0
Directions
SAN PEDRO ST & 23RD ST.

Ask about this property

Questions on 915 E 23rd Street, Los Angeles, CA 90011, or want to see it in person?

Listed by Walner Hernandez, Keller Williams World Media Center

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.