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”
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”
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
See this Listing
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
Map
Community
- Address2254 W 15th Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 10, 2026
7,942
Single Family Listed
85
Avg DOM
512
Avg $ / SqFt
$1,528,151
Avg List Price
Property Summary
- 2254 W 15th Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90006. It is listed for $1,000,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1921. The average price per square foot for Single Family listings in Los Angeles is $512. The average listing price for Single Family in Los Angeles is $1,528,151.
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