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

1143 Irolo Street, Los Angeles, California 90006 home-pic-0
ACTIVE$2,725,000
1143 Irolo Street, Los Angeles, California 90006
0Bed
0Bath
5,470Sqft
5,903Lot
Year Built
2021
Close
-
List price
$2.73M
Original List price
$2.73M
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
SR25115840
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.73M(90th), sqft - 5470(90th), beds - undefined(10th), baths - undefined(10th).

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 construction. The images confirm a sleek, contemporary design with upscale finishes throughout, including modern stainless steel appliances in the gourmet kitchen, white shaker cabinets, subway tile backsplash, and light wood-look flooring. The bathrooms feature designer tiling, modern vanities, and fixtures. All components appear new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2021, this fourplex offers contemporary aesthetics, upscale finishes, open-concept living, gourmet kitchens, and designer bathrooms, appealing to modern tenants and minimizing immediate maintenance concerns.
Non-Rent-Controlled Status: As a non-rent-controlled property in Los Angeles, it provides significant flexibility for rent increases and tenant turnover, maximizing long-term return on investment for owners.
Prime Koreatown Location & Walkability: Boasting an excellent Walk Score of 91, the property is ideally situated in vibrant Koreatown, offering immediate access to top dining, shopping, transit, and entertainment, ensuring high rental demand.
High Income Potential & Vacancy: This rare fourplex features 12 bedrooms and 14 bathrooms, with two units delivered vacant for immediate occupancy or premium rental income. Separate utility meters also contribute to low operating expenses.
Panoramic Views: The property offers desirable panoramic views of the Hollywood Hills and Downtown LA skyline, enhancing its appeal and potential rental value.

Cons

High Investment Cost: The list price of $2.725 million represents a substantial capital investment, which may limit the pool of potential buyers.
Potential for Limited Parking: The property description does not specify parking arrangements for four units in a dense urban area, which could be a significant concern for tenants and a potential drawback.
Urban Environment Drawbacks: While the vibrant Koreatown location is a strength, it inherently comes with potential downsides such as increased urban noise and traffic congestion, which may not appeal to all prospective tenants.

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