1026 East 23rd Street

Los Angeles, CA 90011

$740,000
Price
4
Beds
3
Baths
2,053 Sq. Ft.
$360 / Sq. Ft.
2,053
Sq. Ft.
$360
per Sq. Ft.

Description

Gated and separately metered for gas and electricity—tenants cover all utilities except water, maximizing your profit margins. Priced to sell quickly, this property is an ideal addition to any investment portfolio, whether you're a seasoned investor or a first-time buyer. Perfectly situated in a thriving metropolitan area, you'll find yourself just moments away from schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, and major freeways. The convenience and...Gated and separately metered for gas and electricity—tenants cover all utilities except water, maximizing your profit margins. Priced to sell quickly, this property is an ideal addition to any investment portfolio, whether you're a seasoned investor or a first-time buyer. Perfectly situated in a thriving metropolitan area, you'll find yourself just moments away from schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, and major freeways. The convenience and potential of this location are unparalleled.
  1. Listed by Mark Perez • DRE #01279393 • Brokerage DRE #02142871 • Circle Real Estate • 562-754-0660
  2. Listed by Adrien Aguirre • DRE #02193553 • Brokerage DRE #02142871 • Circle Real Estate

Property Details for 1026 East 23rd Street

Parking Spaces Total
6
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2053
Assessor Parcel Number
5131-019-009
Property Attached YN
true
LISTING UPDATED: 09/05/2024 11:26 PM

Property Details for 1026 East 23rd Street

StatusActive
MLS #RS24179698
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.14 AC / 6,264 SF
CountyLos Angeles County

Building Information for 1026 East 23rd Street

Stories2Residences-Year Built1928Building Size-Lot Size0.14 AC / 6,264 SF

Property Information for 1026 East 23rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $42,204
  • Net Operating Income: $34,148
  • Cap Rate: 4.6
Expense Details
  • Operating Expense: $8,056
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $1,056
  • Trash Expense: $2,000
  • Water Sewer Expense: $5,000
  • Total Expenses: $8,056
Tax / Assessment Info
  • Tax Block: F
  • Tax Tract Number: 9
  • Tax Census Tract: 2264.20
  • CFD/Mello-Roos Fee: $390
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Gated, Uncovered
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Gated, Off Street, On Site, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,711
  • Unit Type Pro Forma: 3052
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,015
  • Unit Type Pro Forma: 2407
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $791
  • Unit Type Pro Forma: 2407
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1026 East 23rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1026 East 23rd Street

Taxable ValueLand$216,323Additions$132,197Total$348,520
Tax Record2023$4,488 ($374 / month)
Home Facts
Total Finished SqFt2,053 SqFtAbove Grade Finished SqFt2,053 SqFtLot Size6,227 SqFtStyleTriplexYear Built1928ZoningLAR4CountyLOS ANGELESAPN5131-019-009

Schools near 1026 East 23rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1026 East 23rd Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on September 5, 2024 by Circle Real Estate, it's currently listed at $740,000. It has been on the market for a total of 15 days and was last sold on May 12, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pedro Street Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 1026 East 23rd Street is a 4-bed, 3-bath, 2,053 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Circle Real Estate, Mark Perez, DRE #01279393; Circle Real Estate, Adrien Aguirre, DRE #02193553

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.