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 potential value-add and future redevelopment opportunities. With limited multifamily inventory available in this high-demand rental market, this property represents an attractive opportunity for investors seeking both current income and long-term appreciation.
Conveniently located just minutes from Downtown Los Angeles, Koreatown, and USC, tenants benefit from easy access to major employment centers, public transportation, restaurants, and entertainment.
LAR3 Development Opportunity – 7,488 SF Lot in Central Los Angeles”
AGENT: Sang Gae LISTING BROKERAGE: OneTop RealtyBuilt in 1921, the property sits on a large 7,488 square foot LAR3 zoned lot, offering investors potential value-add and future redevelopment opportunities. With limited multifamily inventory available in this high-demand rental market, this property represents an attractive opportunity for investors seeking both current income and long-term appreciation.
Conveniently located just minutes from Downtown Los Angeles, Koreatown, and USC, tenants benefit from easy access to major employment centers, public transportation, restaurants, and entertainment.
LAR3 Development Opportunity – 7,488 SF Lot in Central Los Angeles”
Courtesy of OneTop Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 2254 W 15th
Los Angeles, CA
Property Details
Price:
$1,000,000
MLS #:
PW26049046
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
c16midlosangeles
Listed Date:
Mar 8, 2026
Lot Size:
7,488 sqft / 0.17 acres (approx)
Year Built:
1921
C16 – Mid Los AngelesC16midlosangelesNone
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Schools
Interior
Cooling
WW
Heating
FA
Laundry Features
NO
Levels
U
Exterior
Common Walls
_1CW
Community Features
URB
Garage Spaces
4
Parking Spots
4
Parking Total
4
Spa Features
NO
View
NO
Financial
Net Operating Income
$60,342
Map
Community
- Address2254 W 15th Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
