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1206 Irolo Street

Los Angeles, CA 90006
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Bed 8

Bed

Bath 0

Bath

SqFt4,214

Sqft

SqFt5,909

Sqft(Lot)

Located in the heart of Los Angeles, 1206 Irolo Street presents a rare opportunity to acquire a meticulously maintained and extensively renovated four-unit apartment property in a highly desirable rental market. The current owner purchased the property in 2004 and invested nearly two years in a comprehensive renovation project. While preserving the original structural framework, the building was substantially rebuilt and modernized, creating a high-quality asset designed for long-term ownership and tenant satisfaction. As part of the renovation, the property was thoughtfully reconfigured from its original five-unit layout into four larger and more functional residences. This redesign enhanced the overall living experience for tenants while improving the property's long-term value and opera tional efficiency. The building has been exceptionally well maintained throughout ownership and continues to attract and retain quality residents. Each unit is equipped with its own in-unit washer and dryer, an amenity highly valued by today's renters. The property also offers dedicated on-site parking, with one parking space assigned to each one-bedroom unit and two parking spaces assigned to each three-bedroom unit, providing convenience rarely found in comparable properties throughout the area. One of the property's most attractive features is its stable tenant base. The building is occupied by reliable, long-term tenants who have demonstrated a consistent history of timely rent payments, creating dependable cash flow and minimizing management concerns for future ownership. Ideally situated near Koreatown and Downtown Los Angeles, the property benefits from easy access to major employment centers, public transportation, shopping, dining, and entertainment. This prime location, combined with the property's extensive renovation history, desirable unit amenities, dedicated parking, and strong tenant profile, makes this Fourplex an exceptional turnkey investment opportunity with both immediate income and long-term upside potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,375,000

AD Id : 81481645

MLS Id : 26844939

Beds : 8

Lot Size : 5,909 Sqft

Living Area Size : 4,214

Year Built : 1922

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 6 Full Baths: 0 Half Baths: 0
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1922 Building Area Total: 4,214

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1357
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5909

  • Listing Price Information

    Original List Price: 1,375,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5078036023

  • Garage and Parking

    Garage Description: Door-Multi,Garage,One Space,Uncovered

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 3220 Directions: East of Irolo St Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 104 Year Built Source: Vendor Enhanced Total Square Feet Living: 4214 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1817 W 12th Street, Los Angeles, CA, 90006 $1,599,000 7 -- 3,308 3,308 SqFt
1242 S Bonnie Brae, Los Angeles, CA, 90006 $740,000 4 2 2,207 2,207 SqFt
1147 S Westlake Avenue, Los Angeles, CA, 90006 $975,000 4 1 2,110 2,110 SqFt
2694 James M Wood Boule.., Los Angeles, CA, 90006 $1,795,000 3 -- 3,399 3,399 SqFt
1703 S Burlington Avenue, Los Angeles, CA, 90006 $1,195,000 5 -- 3,604 3,604 SqFt
1136 Arapahoe, Los Angeles, CA, 90006 $1,400,000 -- -- 5,040 5,040 SqFt
1826 S Bonnie Brae Stre.., Los Angeles, CA, 90006 $849,900 6 -- 2,804 2,804 SqFt
1333 Arapahoe Street, Los Angeles, CA, 90006 $995,000 5 3 2,626 2,626 SqFt
1415 Arapahoe Street, Los Angeles, CA, 90006 $1,600,000 6 4 3,641 3,641 SqFt
1118 Elden Avenue, Los Angeles, CA, 90006 $1,995,000 8 -- 4,890 4,890 SqFt

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ByOwner last updated this listing 06/20/2026 @ 21:56

MLS: 26844939 LISTED BY: Soon Hee Lee, Landpac Properties 213-388-5155 SOURCE: CRMLS

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