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510 E 23Rd St, Los Angeles, CA 90011
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510 E 23Rd St Los Angeles, CA 90011

$1,199,000
  • 18 Beds
  • 12 Baths
  • 6,936 Sq.Ft.
For Sale
$1,199,000 Get Pre-Qualified
Map preview of 510 E 23Rd St, Los Angeles, CA 90011

Property Overview: 510 E 23Rd St Los Angeles, CA has 18 bedrooms, 12 bathrooms, 6,936 living square feet and 8,494 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Buyers flaked at no fault of property! Spectacular offering of a 12-unit building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value by renovating and capture the significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with 6 two bedroom tandem units with separate exterior entrances to the 2nd bedrooms and 6 one bedroom units. There is a large gated parking area with room for 10+ cars. Coin Laundry brings in an additional $6,302/year. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, the property is near local employment, and entertainment centers such as South Park, LA Live and Crypto Arena. Also, rapidly developing areas like USC, the Arts District, Exposition Park and Koreatown. The neighborhood is considered highly walkable with easy access to freeways, shops and public transportation.

Listed by Grant Linscott | BRE #01715002 | Keller Williams Realty Los Feliz
Last checked: 2 minutes ago | Last updated: February 23rd, 2024 | Source CRMLS | DOM: 93
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Home details

Lot Sq. Ft
8,494
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24345665
City
Los Angeles
County
Los Angeles
Time on Site
121 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,008
  • Total Rent: $1,008
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $755
  • Total Rent: $755
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,040
  • Total Rent: $1,040
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,010
  • Total Rent: $1,010
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $895
  • Total Rent: $895
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $862
  • Total Rent: $862
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $897
  • Total Rent: $897
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $797
  • Total Rent: $797
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $998
  • Total Rent: $998
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $737
  • Total Rent: $737
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,040
  • Total Rent: $1,040
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,002
  • Total Rent: $1,002
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: 8.7
  • Gross Scheduled Income: --
  • Net Operating Income: $65,650
  • Gross Operating Income: $137,754
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 510 E 23Rd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Oven
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Driveway, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights, Hills
  • Total # of Units: 12
  • Parcel Number: 5127012004
  • Year Built Source: Assessor
  • Architectural Style: Victorian
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: USE GOOGLE MAPS
View more facts & features

Local Los Angeles Agent

Sale History for 510 E 23Rd St

Last sold for $350,000 on September 13th, 2007

  • January, 2024

  • Jan 16, 2024

    Date

    Canceled

    CRMLS: 23272053

    $1,299,000

    Price

  • Jun 5, 2023

    Date

    Active

    CRMLS: 23272053

    $1,349,000

    Price

  • Listing provided courtesy of CRMLS

    PROPERTY IS BEING RE-LISTED. OWNER DOES NOT WISH TO BE CONTACTED.

  • January, 2024

  • Jan 16, 2024

    Date

    Active

    CRMLS: 24345665

    $1,199,000

    Price

  • September, 2007

  • Sep 13, 2007

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 510 E 23Rd St

Assessed Value (2020): $420,616
Year Land Value Improved Value Assessed Value
2020 $168,140 $252,476 $420,616

Home Value Compared to the Market

This property vs the competition

510 E 23Rd St is listed 4% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $172.87 per/sqft which puts the price per square foot 77.67% lower than the median price per square foot for the city of Los Angeles.

About 510 E 23Rd St

Detailed summary of property

510 E 23Rd St is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 18 bedrooms, 12 bathrooms, roughly 6,936 living square feet, and sits on an approximately 8,494 square foot lot. 510 E 23Rd St was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner is currently asking $1,199,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4% lower than the median priced home. Local competing homes currently for sale include 4355 S Avalon Blvd, 232 W 40th Pl and 1703 Toberman St. While the average home in Los Angeles, CA is selling in 94 days, 510 E 23Rd St has a days on market of 93 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 510 E 23Rd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 510 E 23Rd St

Public county record property details
Beds
6
Baths
6
Year built
1907
Sq. Ft.
6,936
Lot Size
8,493
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5127-012-004

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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