1135 East 24th Street

Los Angeles, CA 90011

$859,000
Price
7
Beds
4
Baths
2,647 Sq. Ft.
$325 / Sq. Ft.
2,647
Sq. Ft.
$325
per Sq. Ft.

Description

GREAT INVESTMENT: 6.1% Cap (great ROI) with a 7.94% Cap (if you get new tenants). Remodeled front unit. Back unit was recently built in 2014 (low maintenance). This gated property features two separate houses. Each has a two car garage with lots more uncovered parking on the property. Close to USC, Downtown LA, shopping, schools and freeways. HIGH rental demand in the area. Drive-by only. Please do not disturb tenants.GREAT INVESTMENT: 6.1% Cap (great ROI) with a 7.94% Cap (if you get new tenants). Remodeled front unit. Back unit was recently built in 2014 (low maintenance). This gated property features two separate houses. Each has a two car garage with lots more uncovered parking on the property. Close to USC, Downtown LA, shopping, schools and freeways. HIGH rental demand in the area. Drive-by only. Please do not disturb tenants.
  1. Listed by Mark Velasco • DRE #01789768 • Brokerage DRE #01948605 • West Shores Realty, Inc. • 626-392-9499

Property Details for 1135 East 24th Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2647
Assessor Parcel Number
5131-020-010

Location

Listing Courtesy of West Shores Realty, Inc., Mark Velasco, DRE #01789768
Add your commute
LISTING UPDATED: 05/02/2024 11:21 AM

Property Details for 1135 East 24th Street

StatusActive
MLS #DW24001061
Days on Market122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.15 AC / 6,502 SF
CountyLos Angeles County

Location

Listing Courtesy of West Shores Realty, Inc., Mark Velasco, DRE #01789768
Add your commute

Building Information for 1135 East 24th Street

Stories2Residences-Year Built1905Building Size-Lot Size0.15 AC / 6,502 SF

Payment Calculator

$5,341 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,688

Property Taxes

$653

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1135 East 24th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $61,800
  • Gross Scheduled Income: $61,800
  • Net Operating Income: $51,995
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $9,805
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,805
  • Other Expense: $8,000
  • Other Expense Description: Taxes
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $9,805
Tax / Assessment Info
  • Tax Tract Number: 226420
  • Tax Census Tract: 2264.20
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 69
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $31,800
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $30,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 1135 East 24th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1135 East 24th Street

Taxable ValueLand$420,470Additions$194,467Total$614,937
Tax Record2023$7,838 ($653 / month)
Home Facts
Total Finished SqFt2,647 SqFtAbove Grade Finished SqFt2,647 SqFtStories1Lot Size6,500 SqFtStyleDuplexYear Built1905ZoningLARD1.5CountyLOS ANGELESAPN5131-020-010

Schools near 1135 East 24th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Twentieth Street Elementary School
PublicK to 5

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1135 East 24th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on January 2, 2024 by West Shores Realty, Inc., it's currently listed at $859,000. It has been on the market for a total of 122 days and was last sold on December 4, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Twentieth Street Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Thomas Jefferson Senior High School. 1135 East 24th Street is a 7-bed, 4-bath, 2,647 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West Shores Realty, Inc., Mark Velasco, DRE #01789768

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.