914 Irolo Street, Los Angeles, California 90006, Los Angeles, 90006 - 6 bed, 3 bath
ACTIVE UNDER CONTRACT$1,950,000
914 Irolo Street, Los Angeles, California 90006
6Beds
3Baths
2,450Sqft
6,764Lot
Price Vs. Estimate
The estimated value ($1,950,000) is $0 (0%) lower than the list price ($1,950,000). This property may be overpriced.
Key pros and cons
Top Pros:
R-4 Zoning & Development Potential: The R-4 zoning offers significant flexibility for multi-unit development, ADU additions, or other investment strategies, maximizing the property's value in a high-demand urban area.
Top Cons:
Age-Related Maintenance & Systems: As a 1922 build, the property likely requires significant updates to its core systems (plumbing, electrical, HVAC, roof) to meet modern standards and avoid costly future repairs, which are not explicitly mentioned as completed.
Compared to the nearby listings
Price:$1.95M vs avg $837.5K (+$1,112,500)90%
Size:2,450 sqft vs avg 1,862.5 sqft60%
Price/sqft:$796 vs avg $51890%
More Insights
Built in 1922 (103 years old).
Condition: This property, built in 1922, is over 100 years old. The MLS listing explicitly notes 'Age-Related Maintenance & Systems' as a weakness, stating it 'likely requires significant updates to its core systems (plumbing, electrical, HVAC, roof) to meet modern standards and avoid costly future repairs.' The complete absence of interior images, particularly for the kitchen and bathrooms, prevents a direct assessment of these critical areas. However, given the property's age and the identified need for substantial system overhauls, it is highly probable that these spaces are significantly outdated and require extensive renovation. The exterior image provides no evidence of recent major renovations. Therefore, the property requires substantial repairs and rehabilitation to meet current quality standards and comfort.
Year Built
1922
Close
-
List price
$1.95M
Original List price
$2.5M
Price/Sqft
$796
HOA
-
Days on market
-
Sold On
-
MLS number
SB25094279
Home ConditionPoor
Features
View-
About this home
Classic 1920s Charm Meets Urban Convenience in Koreatown. This amazing property is zoned R-4 and is a spacious 6-bedroom, 3-bathroom residence offering 2,450 sq ft of living space on a generous 6,764 sq ft lot. Built in 1922, this home exudes timeless character while providing ample room for modern living. Nestled in the heart of Koreatown, you’re just moments away from the vibrant Seoul International Park, known for its recreational programs and community events . Enjoy easy access to local dining, shopping, and entertainment options, all within a dynamic neighborhood setting. Whether you’re seeking a spacious family home or an investment opportunity, 914 Irolo St combines historical charm with urban lifestyle.
Condition Rating
Poor
This property, built in 1922, is over 100 years old. The MLS listing explicitly notes 'Age-Related Maintenance & Systems' as a weakness, stating it 'likely requires significant updates to its core systems (plumbing, electrical, HVAC, roof) to meet modern standards and avoid costly future repairs.' The complete absence of interior images, particularly for the kitchen and bathrooms, prevents a direct assessment of these critical areas. However, given the property's age and the identified need for substantial system overhauls, it is highly probable that these spaces are significantly outdated and require extensive renovation. The exterior image provides no evidence of recent major renovations. Therefore, the property requires substantial repairs and rehabilitation to meet current quality standards and comfort.
Pros & Cons
Pros
R-4 Zoning & Development Potential: The R-4 zoning offers significant flexibility for multi-unit development, ADU additions, or other investment strategies, maximizing the property's value in a high-demand urban area.
Prime Koreatown Location: Situated in a vibrant and highly sought-after Koreatown neighborhood, offering unparalleled urban convenience with easy access to Seoul International Park, diverse dining, shopping, and entertainment.
Spacious Layout & Generous Lot: With 6 bedrooms, 3 bathrooms, 2,450 sq ft of living space, and a substantial 6,764 sq ft lot, the property provides ample room for large families, potential multi-generational living, or future expansion.
Historical Charm & Character: Built in 1922, the home retains classic 1920s architectural charm and timeless character, appealing to buyers seeking unique properties with historical significance.
Strong Investment Opportunity: Explicitly positioned as an investment opportunity, supported by its R-4 zoning, desirable location, and large size, making it attractive for various income-generating possibilities.
Cons
Age-Related Maintenance & Systems: As a 1922 build, the property likely requires significant updates to its core systems (plumbing, electrical, HVAC, roof) to meet modern standards and avoid costly future repairs, which are not explicitly mentioned as completed.
Significant Price Reduction: The substantial price drop from $2.5M to $1.95M (a $550,000 reduction) may suggest initial overpricing or indicate underlying issues that have deterred buyers, potentially raising concerns about its true market value or condition.
Active Under Contract Status: The property being 'Active Under Contract' means it is not immediately available for new offers, creating uncertainty for potential buyers and limiting the ability to submit a competitive bid without waiting for the current contract to fall through.