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1143 Irolo Street, Los Angeles, California 90006, Los Angeles, 90006 - 12 bed, 14 bath

1143 Irolo Street, Los Angeles, California 90006 home-pic-0
ACTIVE$2,725,000
1143 Irolo Street, Los Angeles, California 90006
12Beds
14Baths
5,475Sqft
5,903Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2021, these sleek, contemporary homes feature upscale finishes, open-concept living areas, gourmet kitchens, and designer bathrooms, minimizing immediate maintenance and appealing to modern tenants.
Top Cons:
Limited Private Outdoor Space: The description does not highlight significant private outdoor space for each of the four units, which may be a drawback for tenants seeking personal outdoor areas in an urban environment.

Compared to the nearby listings

Price:$2.73M vs avg $837.5K (+$1,887,500)90%
Size:5,475 sqft vs avg 1,862.5 sqft90%
Price/sqft:$498 vs avg $50750%

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021, making it virtually new. The images confirm a sleek, contemporary design with upscale finishes throughout. The kitchens feature new stainless steel appliances, white shaker cabinets, subway tile backsplashes, and modern sinks. Bathrooms boast modern vanities, new fixtures, and stylish tile work. All flooring is new, and the overall condition shows no signs of wear or deferred maintenance, aligning perfectly with 'excellent' criteria.
Year Built
2021
Close
-
List price
$2.73M
Original List price
$2.73M
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
SR25106098
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

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 unbeatable—just 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.

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.2mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.3mi
3/10
Wilton Place Elementary School
Public,•K-5•1.0mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.2mi
3/10
Berendo Middle School
Public,•6-8•0.4mi
5/10
Pio Pico Middle School
Public,•6-8•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•0.9mi
4/10
Los Angeles Senior High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
07/15/21
Sold
$2,752,000
07/12/19
Sold
$810,000
Condition Rating
Excellent
This property was built in 2021, making it virtually new. The images confirm a sleek, contemporary design with upscale finishes throughout. The kitchens feature new stainless steel appliances, white shaker cabinets, subway tile backsplashes, and modern sinks. Bathrooms boast modern vanities, new fixtures, and stylish tile work. All flooring is new, and the overall condition shows no signs of wear or deferred maintenance, aligning perfectly with 'excellent' criteria.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2021, these sleek, contemporary homes feature upscale finishes, open-concept living areas, gourmet kitchens, and designer bathrooms, minimizing immediate maintenance and appealing to modern tenants.
High Investment Potential: This fourplex is a prime investment opportunity, offering low operating expenses, separate utility meters for all units, and two vacant units for immediate premium rental potential. Its non-rent-controlled status allows for greater flexibility in rent increases and tenant turnover.
Prime Koreatown Location & Walkability: Situated in the heart of vibrant Koreatown with an excellent Walk Score of 91, the property is minutes from top dining, shopping, transit, and entertainment, ensuring high tenant demand.
Panoramic Views: Units offer panoramic views of the Hollywood Hills and Downtown LA skyline, adding significant aesthetic appeal and market value for residents.
Versatile Ownership Opportunity: Ideal for both seasoned investors seeking stable cash flow, 1031 exchange buyers, or an owner-user looking to live in one unit while leasing the others, broadening its appeal to a diverse buyer pool.

Cons

Limited Private Outdoor Space: The description does not highlight significant private outdoor space for each of the four units, which may be a drawback for tenants seeking personal outdoor areas in an urban environment.
Parking Not Explicitly Detailed: The listing does not explicitly detail parking arrangements for the four units, which can be a significant concern and potential challenge for tenants and owners in a dense urban area like Koreatown.
Urban Density & Potential Noise: Located in a vibrant, dense urban environment like Koreatown, the property may experience increased noise levels from the surrounding area and reduced privacy compared to less urban settings.

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