$950,000
-$50,0002254 W 15th, Los Angeles CA 90006
Multi-Family (4 Units)
Property type
99 days
On market
N/A
Price per sqft
4 cars
Garage
1921
Year built
7,488 sqft
Lot size
Open Houses
Overview
Rare opportunity to acquire a centrally located 4-unit multifamily property in the heart of Los Angeles. Located in the highly desirable Pico-Union / Koreatown submarket, this property offers strong rental demand, excellent accessibility, and significant long-term upside. Built in 1921, the property sits on a large 7,488 square foot LAR3 zoned lot, offering investors...
Listing provided by: Sang Gae DRE #01991313 714-469-7987, OneTop Realty
Listing updated: Jun 6, 2026 at 11:37pm.
Last checked: Jun 15, 2026 at 08:30am
Source: CRMLS #PW26049046
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $1,416 | $1,416 | $1,950 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,055 | $1,055 | $1,850 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,055 | $1,055 | $1,850 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,552 | $1,552 | $1,950 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $5,078
Tenant Pays: Electricity, Gas, Telephone
Financial Snapshot
Gross Rent Multiplier
15.6x
List Price / Annual Gross Rent
Cap Rate
5.5%
NOI / List Price
Gross Scheduled Income: $60,942
Vacancy Allowance Rate: 0%
Operating Expense: $0
Net Operating Income: $60,342
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $2,066
New Taxes: $11,000
Trash: $0
Water / Sewer: $3,900
Interior
Cooling: Wall Window Units
Heating: Forced Air
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: One Common Wall
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5056006013
Additional Parcels: No
Tax Lot: 13
Tax Block: C
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban