2222 15th Street, Los Angeles, CA 90006
  • MLS#: 25607319 ( )
  • Street Address: 2222 15th Street
  • Viewed: 1
  • Price: $2,999,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1935
  • Bldg sqft: 0
  • Days On Market: 70
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90006
  • Provided by: Marcus & Millichap
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    [New System Upgrades: Ownership installed a new 400 amp main panel with subpanels and a new hot water heater in 2025, reducing future capex needs and lowering insurance costs for the next owner] I am pleased to offer for sale a 29 unit apartment community located at 2222 West 15th Street. Positioned just south of Pico Boulevard and west of Hoover Street, the property sits on the southern edge of Koreatown a vibrant, culturally rich neighborhood known for its historic charm, diversity, and central Los Angeles location. Residents benefit from convenient access to Downtown LA, Hollywood, and the Westside via major freeways and Metro lines. The surrounding area is highly walkable and offers a mix of shopping, global restaurants, local cafes, Korean spas, and nightlife. Situated on a 7,504 square foot lot, the building comprises 17 studio units and 12 one bedroom units. With approximately 25% rental upside, there is significant potential to increase revenue through interior unit renovations. Additionally, the property is separately metered for gas and electricity. 2222 West 15th Street represents a compelling value add opportunity in a high demand, infill Los Angeles submarket. Continued neighborhood revitalization combined with the potential for increased rental income makes this an outstanding investment for multifamily investors PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.
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Features
Building Area Total
  1. 18108.00
Country
  1. US
Levels
  1. Multi/Split
Netoperatingincome
  1. 207749.00
Parcel Number
  1. 5056006008
Parking Features
  1. Street
Sourcesystemkey
  1. 25607319:CLAW
Totalexpenses
  1. 202836.00
Year Built
  1. 1935
Year Built Source
  1. Assessor
Zoning
  1. LAR3