742 Irolo St Los Angeles, CA 90005

$1,750,000 Sold Price as of 05/31/2019

9 Beds
8 Baths
5,607 Sq.Ft.

Off Market

$1,750,000 Sold Price as of 05/31/2019 Refinance Your Mortgage

Map preview of 742 Irolo St, Los Angeles, CA 90005

Property Overview: 742 Irolo St Los Angeles, CA has 9 bedrooms, 8 bathrooms, 5,607 living square feet and 6,762 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

742 Irolo St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 742 Irolo St

Last sold for $1,750,000 on May 31st, 2019

December, 2023
Dec 7, 2023

Date

Expired

CRMLS: 23240215

$1,875,000

Price
Feb 8, 2023

Date

Active

CRMLS: 23240215

$2,100,000

Price
Listing provided courtesy of CRMLS

We are proud to present 742 Irolo St. Eight 1 Bedroom + 1 Bathroom apartments in the heart of Koreatown. Countless restaurants, hotels, and entertainment amenities are within short walking distance. Property is also located within a half block from the Wilshire/Normandie Metro station. The lot is zoned LAR4-2 and is designated as TOC Tier 3. This would allow for a developer to build up to 16 units by right or up to 27 units with the TOC bonus (Buyer to Verify). There is an existing garage/carport that could also be used and converted to an ADU (Buyer to Verify). Also value-add opportunity with keeping existing structure and increasing rents over time. Do not disturb tenants, drive by only.

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September, 2022
Sep 12, 2022

Date

Canceled

CRMLS: 21113822

$2,100,000

Price
Dec 23, 2021

Date

Active

CRMLS: 21113822

$2,390,000

Price
Listing provided courtesy of CRMLS

BREAD AND BUTTER RENTAL UNITS WITH PLENTY OF UPSIDES. CONVENIENTLY LOCATED IN THE HEART OF KOREATOWN. LOCATED CLOSE TO PUBLIC TRANSPORTATION. THIS MAY BE PART OF YOUR NEXT PORTFOLIO.

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December, 2021
Dec 6, 2021

Date

Active

CRMLS: 21109843

$2,390,000

Price
Listing provided courtesy of CRMLS

PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY. SUBMIT OFFERS SUBJECT TO INTERIOR INSPECTION.

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May, 2019
May 31, 2019

Date

Sold (Public Records)

Public Records

$1,750,000

Price
August, 2018
Aug 22, 2018

Date

Canceled

CRMLS: PW18124096

$2,050,000

Price
Aug 7, 2018

Date

Price Change

CRMLS: PW18124096

$2,050,000

Price
May 30, 2018

Date

Active

CRMLS: PW18124096

$2,250,000

Price
Listing provided courtesy of CRMLS

1.Located in the center of Korea Town in LA 2.The area has great possibility to growth and developing 3.Possibility to raise rent fee, the current rents are lower than market price 4.Large Korea market and famous restaurants in walking distance 5.Close to shopping and subway station 6.100%occupancy

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Tax History for 742 Irolo St

Assessed Value (2020): $1,785,720

Year	Land Value	Improved Value	Assessed Value
2020	$1,249,500	$536,220	$1,785,720

About 742 Irolo St

Detailed summary of property

742 Irolo St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and last sold on May 31, 2019 for $1,750,000. This property has 9 bedrooms, 8 bathrooms, roughly 5,607 living square feet, and sits on an approximately 6,762 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 66.67% higher than the current median priced home. 742 Irolo St was last sold on May 31, 2019 for $1,750,000. Local nearby listings include 540 S Kenmore Ave #204, 625 S Berendo St #511 and 1042 S Kingsley Dr #101. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 742 Irolo St Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 742 Irolo St

Public county record property details

Beds: 9
Baths: 8
Year built: 1954
Sq. Ft.: 5,607
Lot Size: 6,762
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 198
APN: 5094-004-013

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$849,000

Median List Price/Sq.Ft.

$637

Median Sold Price

$830,000

Median Sold Price/Sq.Ft.

$555

Total Inventory

Median Sale to List Price %

94.86%

Avg Days on Market

Loan Type

Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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(714) 706-1823

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