Los Angeles, CA 90011 836 E 24th Street

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Presented By: Sean Rosenzweig with Marcus & Millichap;
  • MLS# 23318059
  • 10/05/2023
  • Request Tour
  • Request Info
  • BedBeds • 16
  • BathBaths • 8
  • FootageSQFT • 4,858

Home Details

I am pleased to offer for sale an eight-unit apartment community located at 836 East 24th Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,251 square foot parcel, the property comprises entirely of two-bedroom units. The property was built in 1960 and has 8 on site parking spaces. Select units have been renovated with laminate flooring, new bathroom & kitchen appliances, new cabinets and more. The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate vacant units and achieve superior future returns moving forward makes 836 East 24th Street an excellent acquisition opportunity.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 836 E 24th Street

Bedrooms

Total Bedrooms16

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixStreet
Total Stories2

General for 836 E 24th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.0
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market223
DirectionsNorth of East Adams Boulevard & East of San Pedro Street
Garage Y/NNo
Gross Income166224.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet6251.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income105051.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name24th
Total Units8
View Y/NNo
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
ZoningLARD2

Exterior for 836 E 24th Street

Building Area Total4858.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1435
Lot Size Area6251.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking8.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,750,000
MLS#23318059
List Date 10/05/2023
Property Type Multi-Family
Phone 714.964.3311
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