Los Angeles, CA 90005,742 Irolo ST
Los Angeles, CA 90005,742 Irolo ST
Los Angeles, CA 90005,742 Irolo ST
7
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$1,900,000
Est. payment /mo
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8 Beds
8 Baths
5,607 SqFt
Active

742 Irolo ST Los Angeles, CA 90005

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Frank Sottile

Frank Sottile

+1(760) 952-0019

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,607 sqft

Price per Sqft $338

MLS Listing ID 25609475

Bedrooms 8

HOA Y/N No

Year Built 1954

Lot Size 6,760 Sqft

Property Description

742 Irolo Street presents an exceptional opportunity to acquire an 8-unit multifamily property in the heart of Koreatown, one of Los Angeles' most vibrant and high-demand rental submarkets. The property features a well-balanced mix of seven (1-bed / 1-bath) units and one (2-bed / 1-bath) unit, totaling 5,607 square feet of living space on a 6,762 square foot LAR4-zoned lot. Operating at a 4.6% cap rate and 13.18 GRM, the building offers investors a healthy in-place return with the potential for continued rent growth over time. The LAR4 zoning allows for future redevelopment possibilities, providing flexibility for both long-term hold and value-add investors seeking to capitalize on the strong fundamentals of the Koreatown market. The property is centrally located just moments from Wilshire Boulevard, 8th St, and the Wilshire/Normandie Metro Station, offering excellent access to Downtown Los Angeles, Hollywood, and the greater LA area. With an exceptional Walk Score, residents enjoy immediate proximity to Koreatown's most popular dining, nightlife, and retail destinations including The Line Hotel, H Mart, Chapman Plaza, and numerous trendy cafes and entertainment venues. 742 Irolo Street represents a rare opportunity to acquire a stabilized asset with consistent cash flow, upside potential, and irreplaceable location fundamentals. Whether you are a seasoned investor expanding your Los Angeles portfolio or a first-time buyer entering the multifamily market, this Koreatown property offers a compelling blend of income stability and long-term appreciation.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5094004013

Special Listing Condition Standard

CRMLS – RECore
Listed by Stephen F. Watson Keller Williams Los Angeles

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Citizens of the World Charter

    Public | KG - 8

  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 9

    Gabriella Charter

    Public | KG - 8

  • 8

    Melrose Avenue Elementary School

    Public | KG - 6

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Larchmont Charter

    Public | KG - 12

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 8

    Los Feliz STEMM Magnet School

    Public | KG - 6

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Synergy Charter Academy

    Public | KG - 5

  • 8

    Clifford Street Math & Technology Magent

    Public | KG - 6

  • 7

    Hollywood Primary Center

    Public | KG - 3

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Van Ness Avenue Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Micheltorena Elementary

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 6

    New Designs Charter

    Public | 6 - 12

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 4

    Magnolia Science Academy 5

    Public | 6 - 12

  • 4

    Bancroft Middle School

    Public | 6 - 8

  • 4

    Joseph Le Conte Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Apex Academy

    Public | 7 - 12

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 7

    STEM Academy of Hollywood

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Animo Jackie Robinson High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 5

    Hollywood High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Santee Education Complex

    Public | 9 - 12

  • 4

    Miguel Contreras Learning Complex - School of Business & Tourism

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 3

    Belmont High School

    Public | 9 - 12

  • 3

    Miguel Contreras Learning Complex - Academic Leadership Community

    Public | 9 - 12

  • 2

    Miguel Contreras Learning Complex - School of Global Studies

    Public | 9 - 12

  • 1

    Helen Bernstein High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Frank Sottile

Frank Sottile

Broker Associate | License ID: 00900300

+1(760) 952-0019

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