CA > Los Angeles
Los Angeles, CA 90005,742 Irolo St
Los Angeles, CA 90005,742 Irolo St
Los Angeles, CA 90005,742 Irolo St
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,900,000
Est. payment /mo
8 Beds
8 Baths
5,607 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,607 sqft

Price per Sqft $338

MLS Listing ID 25609475

Bedrooms 8

Year Built 1954

Lot Size 6,762 Sqft

Acres 0.1552

Property Sub-Type Multi-Family

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 Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Carport

Garage Spaces 7.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Los Angeles

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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