Main Content
- Price/Unit $34,375
- Cap Rate 4.2
- Zoning LAR4
- Price/SF $334
- GRM 15.66
- Bldg Size 5,607 sq. ft
- Status For Sale
- Year Built 1954
- Property Type Multi-family
About This Property
We are proud to present 742 Irolo St. Eight 1 Bedroom + 1 Bathroom apartments in the heart of Koreatown. Countless restaurants, hotels, and entertainment amenities are within short walking distance. Property is also located within a half block from 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). Also value-add opportunity with keeping existing structure and increasing rents over time.
Do not disturb tenants, drive by only!
Please call listing agent Michael Fukushima 818-321-6490 for more information regarding regarding the property or showing instructions.
Property Details
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Property Type
Multi-family
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Year Built
1954
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Status
For Sale
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Price/SF Lot
$277
- Building Size 5,607 sq. ft
- Lot Size 6,762 sq. ft