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837 Irolo Street
USD 1,590,000
Property ID: SB23174125
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837 Irolo Street ,90005
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icon 6741 SqFt
icon Built in 1954
icon USD 236/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
5460
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1954
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Detailed Introduction Of This Home
Eight-unit apartment building in the heart of Koreatown. Excellent unit mix of seven 1 Bedroom/1 Bath and one 2 Bedroom/1 Bath apartments. Property has on-site laundry (landlord owned equipment) and ample parking. Excellent value-add or a development play. Property will be delivered with one unit vacant and has tremendous upside of Market 6.8GRM and 11.3 Cap Rate. Property is offered at Current 13.48GRM This prime location boasts an abundance of restaurants, hotels, and entertainment amenities are within short walking distance. Property is located close to the Wilshire/Normandie Metro station. The lot is zoned LAR4-2 and is designated as TOC Tier 3. This would allow for a developer to build up to 16 units by right or up to 27 units with the TOC bonus (Buyer to Verify). There is an existing garage/carport that could also be used and converted to an ADU (Buyer to Verify).
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (25)
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837 Irolo Street
USD 1,590,000 0 Beds
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