UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25115840
Bedrooms 9
HOA Y/N No
Lot Size 5,903 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,Exchange,FHA
Property Description
Welcome to 1143 Irolo Street a prime investment opportunity in the heart of Koreatown, Los Angeles. This rare and modern fourplex features two standalone 3-story duplex townhomes, each thoughtfully designed and built in 2021, offering a total of 12 bedrooms, 14 bathrooms, and 5,475 square feet of luxurious living space. Perfectly suited for both investors and 1031 exchange buyers offers low operating expenses, two units (each 3 bed, 3 bath) will be delivered vacant, allowing for immediate occupancy or premium rental potential. These sleek, contemporary homes combine upscale finishes with functional design, including open-concept living areas, gourmet kitchens, designer bathrooms, and a powder room in each unit. Enjoy panoramic views of the Hollywood Hills and Downtown LA skyline, while owners will appreciate the low-maintenance setup with separate meters for gas, water, trash, and electricity for all four units. Because this is a non-rent-controlled property, there is greater flexibility in rent increases and tenant turnover, maximizing your long-term return on investment. With a Walk Score of 91, the location is unbeatablejust minutes from top dining, shopping, transit, and entertainment options in vibrant Koreatown. Whether you're a seasoned investor seeking stable cash flow or an owner-user looking to live in one unit while leasing the others, this is a must-see, high-performing asset in one of LA's most sought-after rental markets.
Location
State CA
County Los Angeles
Area Los Angeles (90006)
Zoning Assessor
Interior
Cooling Central Forced Air
Air Conditioning Central Forced Air
Exterior
Exterior Feature Stucco
Building
Lot Description Curbs, Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Others
Acceptable Financing Cash, Conventional, Exchange, FHA
Space Rent $4,200
Listing Terms Cash, Conventional, Exchange, FHA
Virtual Tour https://www.zillow.com/view-imx/c6233b15-033a-4239-9e5a-1eba6344137e?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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