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 38% 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. CONTACT THE LISTING TEAM FOR DETAILS.
Listed by Sean Rosenzweig
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License #01406343
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Marcus & Millichap
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213-943-1897
Last updated October 21, 2025
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Source: CRMLS #25607319
Listing Facts
TypeMulti-family
NeighborhoodPico Union
Bedrooms12
Days on Prevu6
Size18,108 sqft
Price per sqft$182
Location
Mortgage Calculator
Listing History
10/16/2025
Listed by Marcus & Millichap
$3,300,000
Property Details for 2222 W 15th Street
Exterior
Construction
Number Of Units Total: 29
Stories Total: 3
Year Built: 1935
Measurements
Building Area Total: 18,108
Lot Size Acres: 0.17
Lot Size Area: 7,504
Lot Size Source: Assessor
Lot Size Square Feet: 7,504
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.59
Gross Income: $434,388.00
Taxes
Parcel Number: 5056006008
Interior
Measurements
Living Area: 18,108
Living Area Source: Assessor
Rooms
Bathrooms Total Integer: 29
Bedrooms Total: 12
Parking
Parking
Parking Features: On Street
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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