[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… Read More 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. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
86
Last Updated
Property Type
Other
Beds
12
Square Ft.
18,108
Lot Size
0.17 Acres
Year Built
1935
MLS Number
25607319
30 Days Snapshot Of 90006
$557k
-13%
(avg) sold price
6
-25%
homes sold
91
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
18,108 sq ft, Built in 1935, Levels: Multi/Split
Disclosures
None
Garage
On street
Lot
LotAcreage: 0.1723, LotSizeArea: 7,504
Parking
TotalParking: 0
Property
NumberOfUnits: 29, Zoning: LAR3
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