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765 Irolo Street
Los Angeles, CA 90005


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Property Remarks

765 S Irolo St, a 24-unit multifamily investment opportunity in the very describable and high demand area of Koreatown. The property is located S of Wilshire, E of Western & W of Vermont Ave. It is just steps away from the Metro Purple Line station up the street. Originally constructed in 1929 in Art Deco Style, the property has been very well-maintained and features much of its original character. The property currently consists of 24 Units comprised of (22) 1 Bedroom + 1 Bathroom Units and (2) Singles.

Property Details

MLS#
18305244
Days on Market
35
Year Built
1929
Stories
4
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Mid-Wilshire (C17)

Presented By:

Listing provided courtesy of Yoav Sarraf , Concord Real Estate Service


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Cooking Appliances
Built-Ins

Additional Property Details

Number of Units
24
Number of Buildings
1
Gross Operating Income
$383,271
Total Expense
$145,998
ADA Compliance
No

AC/Cooling
Air Conditioning
Heating
Wall Heater
Parking
On Street

Koreatown

Where futuristic neon meets historic buildings, Koreatown’s central location and busy streets make it a fun and active neighborhood. Centered on Wilshire Boulevard and located just West of Los Angeles, K-Town, as it is also called is home to hip bars and clubs and has a lively East-meets-West appeal.

Real Estate: Lofts, condos and apartments for sale are prevalent in Koreatown although there are also a few single-family homes available. New luxury developments such as The Vermont offer plenty of apartments for rent.

Community Life: Karaoke bars are popular in this area. Aroma Spa & Sports has a driving range delivering on the unique experience of hitting golf balls among skyscrapers. Koreatown Plaza is full of unique shops and has a food court filled with Korean specialties.

Education: Koreatown is served by the Los Angeles Unified School District. Nearby schools include Central City Value charter high school, Ambassador School of Global Leadership, New Open World Academy, Virgil Middle School, Cahuenga Elementary and Young Oak Kim Academy. Private schools include Saint Brendan School elementary, new Horizon School and Saint James Episcopal Day School. The Korean Education Center, affiliated with the government of South Korea is on Wilshire Place. Southwestern Law School is located in the historic Art Deco-styled Bullock’s Wilshire building.

Transportation: Spanned by Wilshire Boulevard and Olympic Boulevard, Koreatown has many public transportation options including the Metro purple line and the Wilshire Rapid bus.

Local Attractions:  The site of the former Ambassador Hotel where Robert F. Kennedy was assassinated is now a high school and a memorial plaza. Hip dining and accommodations can be found at the Line Hotel founded by Roy Choi and partners. The Art-Deco-styled Wiltern is not only a great place to see a show, it and the Pellissier Building are on the National Register of Historic Places. Dawooljong, the Korean Pavilion, is an open-air pavilion and garden that adds a touch of Korea to the heart of the city.

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