1155 East 24th Street

Los Angeles, CA 90011

$1,000,000
Last Sold Price
7
Beds
5
Baths
4,084 Sq. Ft.
$245 / Sq. Ft.
4,084
Sq. Ft.
$245
per Sq. Ft.

Description

This 2 building 4-unit apartment complex is located just south of Downtown LA & within the Opportunity Zone on the north side of 24th St in Historic South Central. Just moments away from all museums, LA Live & amenities in DTLA & with convenient access to major freeways or easy connection to the relaxing beaches of California via Metrolink. With an overall unit mix of two 1 bedroom 1 bath units and two 3 bedroom 1 bath units, the front building contains 3 units, and the rear building contains 1 unit....This 2 building 4-unit apartment complex is located just south of Downtown LA & within the Opportunity Zone on the north side of 24th St in Historic South Central. Just moments away from all museums, LA Live & amenities in DTLA & with convenient access to major freeways or easy connection to the relaxing beaches of California via Metrolink. With an overall unit mix of two 1 bedroom 1 bath units and two 3 bedroom 1 bath units, the front building contains 3 units, and the rear building contains 1 unit. Built on a 6,500 square foot lot with a total rentable square footage of 4,084. The structures have been freshly painted and being sited in a rapidly developing area of Los Angeles, this property is a valuable find to rent out or to hold for development.

Property Details for 1155 East 24th Street

Zoning
LARD1.5
Parcel Number
5131020008
Total Units
4.0
Living Area
4084
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6500

Location

Listing Courtesy of Compass, Christopher Dawes, DRE #02130095; Compass, Kirby Gillon, DRE #01960253

Sold By Berkshire Hathaway HomeServices California Propert, Brenda Jurado, DRE #02038430

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LISTING UPDATED: 10/28/2022 11:46 AM

Property Details for 1155 East 24th Street

StatusSold
MLS #22-168163
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Christopher Dawes, DRE #02130095; Compass, Kirby Gillon, DRE #01960253

Sold By Berkshire Hathaway HomeServices California Propert, Brenda Jurado, DRE #02038430

Add your commute

Virtual Tour

Building Information for 1155 East 24th Street

Stories-Residences-Year Built1912Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$6,507 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,050

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1155 East 24th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Quadruplex
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $55,680
  • Net Operating Income: $40,370.00
  • Gross Income: $55,680
  • Gross Rent Multiplier: $10.77
  • Total Annual Expense: 15310
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6500
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 3 Car
  • Total Parking: 4
  • Parking Features: Driveway, Garage - Three Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-15-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $22,800.00
  • Unit Projected Rent: $22,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,150.00
  • Unit Actual Rent: $13,800.00
  • Unit Projected Rent: $13,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $880.00
  • Unit Actual Rent: $10,560.00
  • Unit Projected Rent: $10,560.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $710.00
  • Unit Actual Rent: $8,520.00
  • Unit Projected Rent: $8,520.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $202,072.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $404,144.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $606,216.00

Property History for 1155 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 1155 East 24th Street

Taxable ValueLand$600,000Additions$400,000Total$1,000,000
Tax Record2023$12,603 ($1,050 / month)
Home Facts
Total Finished SqFt4,084 SqFtAbove Grade Finished SqFt4,084 SqFtLot Size6,500 SqFtStyleQuadraplexYear Built1912ZoningLARD1.5CountyLOS ANGELESAPN5131-020-008

Schools near 1155 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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Similar Sold Homes

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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 Compass, Christopher Dawes, DRE #02130095; Compass, Kirby Gillon, DRE #01960253

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.