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Welcome to 1143 Irolo Street – a prime investment opportunity in the heart of Koreatown, Los Angeles. This rare and modern fourplex features two standalone 3-story duplex townhomes, each thoughtfully designed and built in 2021, offering a total of 12 bedrooms, 14 bathrooms, and 5,475 square feet of luxurious living space. Perfectly suited for both investors and 1031 exchange buyers offers low operating expenses, two units (each 3 bed, 3 bath) will be delivered vacant, allowing for immediate occupancy or premium rental potential. These sleek, contemporary homes combine upscale finishes with functional design, including open-concept living areas, gourmet kitchens, designer bathrooms, and a powder room in each unit. Enjoy panoramic views of the Hollywood Hills and Downtown LA skyline, while owners will appreciate the low-maintenance setup with separate meters for gas, water, trash, and electricity for all four units. Because this is a non-rent-controlled property, there is greater flexibility in rent increases and tenant turnover, maximizing your long-term return on investment. With a Walk Score of 91, the location is unbeatable—just minutes from top dining, shopping, transit, and entertainment options in vibrant Koreatown. Whether you're a seasoned investor seeking stable cash flow or an owner-user looking to live in one unit while leasing the others, this is a must-see, high-performing asset in one of LA's most sought-after rental markets.
Property Type(s):
Multi Family
| Last Updated | 5/22/2025 | Year Built | 2021 |
|---|---|---|---|
| Community | Mid-Wilshire | Garage Spaces | 8.0 |
| County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater |
| AREA | Mid-Wilshire |
| CONSTRUCTION | Copper Plumbing, Stucco |
| GARAGE | Driveway, Garage, Gated, One Space, Paved, Shared Driveway, Tandem, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Multiple Staircases, Open Floorplan, Primary Suite, Quartz Counters, Recessed Lighting, Separate/Formal Dining Room, Tandem, Walk-In Closet(s) |
| LOT | 5903 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre, Front Yard, Landscaped, Yard |
| PARKING | Driveway,Garage,Gated,Paved,One Space,Shared Driveway,Tandem |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Modern |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Neighborhood |
| WATER | Public |
| ZONING | LAR3 |
Location
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