1206 Irolo Street, Los Angeles, CA 90006
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1206 Irolo Street,Los Angeles, CA 90006
$1,375,000
- 8 Beds
- 6 Baths
- 4,214 sq. ft.
- Multi-family
- Active
Listed by: soon hee lee
Office: landpac properties213-388-5155
MLS#:26844939
Source:CRMLS
Price summary
- Price:$1,375,000
- Price per sq. ft.:$326.29
About this home
Located in the heart of Los Angeles, 1206 Irolo Street presents a rare opportunity to acquire a meticulously maintained and extensively renovated four-unit apartment property in a highly desirable rental market. The current owner purchased the property in 2004 and invested nearly two years in a comprehensive renovation project. While preserving the original structural framework, the building was substantially rebuilt and modernized, creating a high-quality asset designed for long-term ownership and tenant satisfaction. As part of the renovation, the property was thoughtfully reconfigured from its original five-unit layout into four larger and more functional residences. This redesign enhanced the overall living experience for tenants while improving the property's long-term value and operational efficiency. The building has been exceptionally well maintained throughout ownership and continues to attract and retain quality residents. Each unit is equipped with its own in-unit washer and dryer, an amenity highly valued by today's renters. The property also offers dedicated on-site parking, with one parking space assigned to each one-bedroom unit and two parking spaces assigned to each three-bedroom unit, providing convenience rarely found in comparable properties throughout the area. One of the property's most attractive features is its stable tenant base. The building is occupied by reliable, long-term tenants who have demonstrated a consistent history of timely rent payments, creating dependable cash flow and minimizing management concerns for future ownership. Ideally situated near Koreatown and Downtown Los Angeles, the property benefits from easy access to major employment centers, public transportation, shopping, dining, and entertainment. This prime location, combined with the property's extensive renovation history, desirable unit amenities, dedicated parking, and strong tenant profile, makes this Fourplex an exceptional turnkey investment opportunity with both immediate income and long-term upside potential....
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Home facts
- Year built:1922
- Listing ID #:26844939
- Added:155 day(s) ago
- Updated:November 11, 2026 at 12:41 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
- Living area:4,214 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1922
- Building area:4,214 sq. ft.
- Lot area:0.14 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,375,000
- Price per sq. ft.:$326.29
Parking
- Total parking spaces:6
- Parking description:Door-Multi, Garage, One Space, Uncovered
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