510 E 23rd St, Los Angeles, CA, 90011
About This Home
New Price! **Sellers open to carry with 40% down payment** - Spectacular offering of a 12-unit SRO building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value as well as significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with the units having their own separate exterior entrances and 6 total bathrooms with each bath between two units. There is a large gated parking area with room for 10+ cars. Coin Laundry brings in an additional $6,302/year. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, the property is near local employment, and entertainment centers such as South Park, LA Live and Crypto Arena. Also, rapidly developing areas like USC, the Arts District, Exposition Park and Koreatown. The neighborhood is considered highly walkable with easy access to freeways, shops and public transportation.
Getting Around
Very Walkable
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1907
Type & Style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Oven,Gas Water Heater
- Laundry features: Laundry Area
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating & Cooling
- Heating features: Wall
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 6,936
- Total interior livable area: 6,936 sqft
Property
Details
- Zoning: LAR2
- Special condition: Standard
- Other equipment: None
Features
- Levels: Multi/Split
- Stories: 3
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights,City,Hills
Lot
- Lot size: 8,494 sqft
- Lot size dimensions: 50 x 169
Parking
- Total spaces: 10
- Parking features: Driveway,Gated
- Has uncovered spaces: Yes
- Uncovered spaces: 10
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,051 | $60,612 |
| Home Insurance * | $209 | $2,508 |
| Property Taxes | $557 | $6,684 |
| Electricity | $1,487 | $17,848 |
| Total | $7,304 | $87,648 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Price change | $999,000 |
| 2026-02-24 | Listed for sale | $1,029,000 |
| 2026-02-01 | Listing removed | $1,049,000 |
| 2025-09-17 | Listed for sale | $1,049,000 |
| 2025-08-28 | Listing removed | $1,099,000 |
| 2025-03-19 | Listed for sale | $1,099,000 |
| 2025-03-13 | Listing removed | $1,149,000 |
| 2025-02-25 | Pending sale | $1,149,000 |
| 2024-11-14 | Price change | $1,149,000 |
| 2024-09-25 | Listed for sale | $1,199,000 |
| 2024-09-18 | Pending sale | $1,199,000 |
| 2024-09-06 | Listed for sale | $1,199,000 |
| 2024-06-22 | Listing removed | $1,199,000 |
| 2024-06-14 | Listed for sale | $1,199,000 |
| 2024-05-25 | Listing removed | -- |
| 2024-02-22 | Listed for sale | $1,199,000 |
| 2024-02-12 | Pending sale | $1,199,000 |
| 2024-01-16 | Listed for sale | $1,199,000 |
| 2024-01-16 | Listing removed | -- |
| 2023-12-11 | Pending sale | $1,299,000 |
| 2023-12-01 | Listed for sale | $1,299,000 |
| 2023-09-05 | Pending sale | $1,299,000 |
| 2023-08-22 | Price change | $1,299,000 |
| 2023-07-13 | Listed for sale | $1,349,000 |
| 2023-06-28 | Pending sale | $1,349,000 |
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