Properties
Los Angeles, CA 90006 2254 W 15th
$1,000,000
15 more
Presented By: Sang Gae with OneTop Realty; 714-469-7987
Baths • 1
Garage • 4
Home Details
Rare opportunity to acquire a centrally located 4-unit multifamily property in the heart of Los Angeles. Located in the highly desirable Pico-Union / Koreatown submarket, this property offers strong rental demand, excellent accessibility, and significant long-term upside.
Built in 1921, the property sits on a large 7,488 square foot LAR3 zoned lot, offering investors potential value-add and future redevelopment opportunities. With limited multifamily inventory available in this high-demand rental market, this property represents an attractive opportunity for investors seeking both current income and long-term appreciation.
Conveniently located just minutes from Downtown Los Angeles, Koreatown, and USC, tenants benefit from easy access to major employment centers, public transportation, restaurants, and entertainment.
LAR3 Development Opportunity – 7,488 SF Lot in Central Los Angeles”
Presented By: Sang Gae with OneTop Realty; 714-469-7987
Interior Features for 2254 W 15th
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 2254 W 15th
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.5
CityLos Angeles
Community FeaturesUrban
CoolingWall/Window Unit(s)
CountyLos Angeles
Directionsorchard+pico
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces4
Garage Y/NYes
Gross Income60942
HOANo
HOA Fee$
HeatingForced Air
Insurance Expense2066
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, 1031 Exchange, VA Loan
Lot Size Square Feet7488
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
Net Operating Income60342
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Ok to Lease12 Months
Operating Expense0
Pool FeaturesNone
PossessionClose Plus 3 Days
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot13
Taxes$11,000
Tenant PaysElectricity, Gas, Telephone
Total Actual Rent5078.13
Trash Expense0
ViewNone
Water Sewer Expense3900
Year Built1921
Year Built SourcePublic Records
Exterior for 2254 W 15th
Building Area Total
Lot Features2-5 Units/Acre
Lot Size Acres0.1719
Lot Size Area7488
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
