Skip To Content

1026 E 23rd Street

Los Angeles, CA 90011
  • $575,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: RS25012412
Price Reduced
UPDATED: 70 min ago
$575,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is a rare investment opportunity to acquire a high-performing, income-generating property at the cost of a single-family home. Positioned on a spacious corner lot. This property features a 2-bedroom, 1-bathroom front house two separate 1-bedroom, 1-bathroom back units, both fully occupied by long-term, dependable tenants, delivering immediate and steady rental income. The property is gated for privacy, includes ample parking, and is strategically located near USC, Bank of California Stadium, downtown LA, museums, parks, shopping, dining, and major freeways. With low maintenance expenses, separately metered utilities, and strong potential for rental growth in a highly sought-after metropolitan area, this property is an ideal acquisition for seasoned investors or first-time buyers seeking a secure and lucrative addition to their portfolio. This is a rare investment opportunity to acquire a high-performing, income-generating property at the cost of a single-family home. Positioned on a spacious corner lot. This property features a 2-bedroom, 1-bathroom front house two separate 1-bedroom, 1-bathroom back units, both fully occupied by long-term, dependable tenants, delivering immediate and steady rental income. The property is gated for privacy, includes ample parking, and is strategically located near USC, Bank of California Stadium, downtown LA, museums, parks, shopping, dining, and major freeways. With low maintenance expenses, separately metered utilities, and strong potential for rental growth in a highly sought-after metropolitan area, this property is an ideal acquisition for seasoned investors or first-time buyers seeking a secure and lucrative addition to their portfolio.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/161061298
Print Image

1026 E 23rd Street Los Angeles, CA 90011

  • Price: $575,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 70 min ago
  • ID#: RS25012412
4
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Los Angeles (90011)
County:
Los Angeles
Area:
Los Angeles (90011)
Property Description
This is a rare investment opportunity to acquire a high-performing, income-generating property at the cost of a single-family home. Positioned on a spacious corner lot. This property features a 2-bedroom, 1-bathroom front house two separate 1-bedroom, 1-bathroom back units, both fully occupied by long-term, dependable tenants, delivering immediate and steady rental income. The property is gated for privacy, includes ample parking, and is strategically located near USC, Bank of California Stadium, downtown LA, museums, parks, shopping, dining, and major freeways. With low maintenance expenses, separately metered utilities, and strong potential for rental growth in a highly sought-after metropolitan area, this property is an ideal acquisition for seasoned investors or first-time buyers seeking a secure and lucrative addition to their portfolio. This is a rare investment opportunity to acquire a high-performing, income-generating property at the cost of a single-family home. Positioned on a spacious corner lot. This property features a 2-bedroom, 1-bathroom front house two separate 1-bedroom, 1-bathroom back units, both fully occupied by long-term, dependable tenants, delivering immediate and steady rental income. The property is gated for privacy, includes ample parking, and is strategically located near USC, Bank of California Stadium, downtown LA, museums, parks, shopping, dining, and major freeways. With low maintenance expenses, separately metered utilities, and strong potential for rental growth in a highly sought-after metropolitan area, this property is an ideal acquisition for seasoned investors or first-time buyers seeking a secure and lucrative addition to their portfolio.
Exterior Features

Pool N/K Site CurbsSidewalks Spa N/K

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Actual Cap Rate 4.6 Annual Expense Actual 8056 Assessments Yes/Remarks Buildings 2 Cfd Mello Roos Fee 390.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 42204 Home Owners Fees 0.0 Monthly Total Fees 32 Sewer Septic Sewer Connected Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1711.0 Unit2 Rent Actual 1015.0 Unit3 Rent Actual 791.0 Zoning Estimated

San Diego MLS logo Listing provided courtesy of Mark Perez of Circle Real Estate: 562-754-0660. Listing information © 2025 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306344229-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306344229-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306344229-1.jpg
Logo
Keller Williams Realty La Jolla
7817 Ivanhoe Ave.
La Jolla CA, 92037