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$3,200,000

  • For Sale
  • Active
  • Multi-Family
  • 15 Total Beds
  • Updated 10 days ago
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Rare 7-unit multifamily on two adjacent parcels in central Los Angeles (Pico-Union, adjacent to Koreatown) sold together, APNs 5078-036-018 & -019. Four 1bd/1ba units in the front building plus three family-sized units at the rear: a 3bd/2ba house, a permitted 4bd/2ba detached ADU (approx. 1,240 SF, Certificate of Occupancy issued 2022), and a remodeled 3bd/2ba house. Approx. 7,430 SF of living area across four structures dating to 1895, 1903, and 1915. Strong in-place income $18,838/mo base rent plus water reimbursement and parking income ($232,056/yr gross), est. NOI $199,368/yr, a 6.2% cap at asking. All seven units occupied; four recently remodeled. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units income today, density optionality tomorrow. Subject to LA City Rent Stabilization Ordinance. Buyer to verify all information including rents, expenses, unit details, and RSO compliance.

Full Property Details for 1230 Irolo St #7

General

  • Price: $3,200,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26104463
  • Updated: 10/25/2026
  • Added to Site: 13 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 10

Bedrooms

  • Total Bedrooms: 15

Additional Information

  • Other Features: Accessory Bldgs

Parking

  • Garage Description: Assigned, Driveway

Location

  • Area: Mid-Wilshire
  • County: Los Angeles
  • Driving Directions: From W Pico Blvd, head south on S Irolo St, property on the west side, between Pico Blvd and W 12th St.

Heating & Cooling

  • Cooling Type: Ceiling Fan
  • Heating Type: Wall

Structural Information

  • # Buildings: 4
  • Stories/Levels: 2
  • Square Feet: 7,430
  • Sq. Ft. Source: Owner
  • Year Built: 1903
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 7
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 6

  • Total Bathrooms: 2
  • Bedrooms: 4

Unit 7

  • Total Bathrooms: 2
  • Bedrooms: 3

Additional Structures

  • Other Structures: Accessory Bldgs

Lot Features

  • Lot Size (Acres): 0.2716
  • Lot Size: 11831
  • Lot Size Source: Assessor
  • Lot Dimensions: 46 x 128
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $430.69
  • Assessment Year: 1903

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5078-036-018

Listed by New Star Realty, Yun Young Kwag

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Listing agent

— 1230 Irolo St #7 —

  • Yun Young Kwag

    New Star Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1230 Irolo St #7

School District:Los Angeles Unified School District
NameGradesDistance
Los Angeles Elementary School
1211 South Hobart Boulevard, Los Angeles, CA 90006
K-50.3 mi
Berendo Middle School
1157 South Berendo Street, Los Angeles, CA 90006
6-80.3 mi
West Adams Preparatory High School
1500 West Washington Boulevard, Los Angeles, CA 90007
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1230 Irolo St #7 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/22/2026
Listed
$3,200,000
92.77%
MLS
9/17/2018
Sold
$1,660,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1230 Irolo St #7

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,337
—
$1,018,015
2%
2025
$12,337
11%
$998,055
11%
2023
$11,129
5%
$898,501
2%
2022
$10,618
1%
$880,885
2%
2021
$10,487
-1%
$863,614
1%
2020
$10,594
4%
$854,760
2%
2019
$10,176
103%
$838,000
109%
2018
$5,001
2%
$400,678
2%
2017
$4,895
2%
$392,822
2%
2016
$4,778
1%
$385,121
2%
2015
$4,710
-1%
$379,337
2%
2014
$4,734
—
$371,907
4%
2013
$4,728
—
$356,396
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by New Star Realty, Yun Young Kwag

1230 Irolo St #7, Los Angeles, CA 90006 (MLS# 26104463) is a Multi-Family property with units containing 15 bedrooms and 0 full bathrooms. 1230 Irolo St #7 is currently listed for $3,200,000 and was received on October 22, 2026. Want to learn more about 1230 Irolo St #7? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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