836 East 24th Street

Los Angeles, CA 90011

$1,750,000
Price
16
Beds
8
Baths
4,858 Sq. Ft.
$360 / Sq. Ft.
4,858
Sq. Ft.
$360
per Sq. Ft.

Description

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...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.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 836 East 24th Street

Zoning
LARD2
Parcel Number
5131023011
Total Units
8.0
Living Area
4858
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6251

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
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LISTING UPDATED: 03/14/2024 11:38 AM

Property Details for 836 East 24th Street

StatusActive
MLS #23-318059
Days on Market212
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.14 AC / 6,251 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 836 East 24th Street

Stories2Residences-Year Built1960Building Size-Lot Size0.14 AC / 6,251 SF

Payment Calculator

$11,239 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$1,689

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 836 East 24th Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $163,748
  • Net Operating Income: $105,051.00
  • Gross Income: $166,224
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $10.53
  • Total Annual Expense: 58697
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6251
Parking Details
Parking Details
  • Parking Garage: Uncovered, Other
  • Total Parking: 8
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-05-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,067.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,156.00
  • Unit Actual Rent: $1,156.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,095.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $984.00
  • Unit Actual Rent: $984.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,318.00
  • Unit Actual Rent: $1,318.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,067.00
  • Unit Actual Rent: $2,067.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,095.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,070.00
  • Unit Actual Rent: $2,070.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $537,144.00
  • Assessed Improvement Percent: 60.78
  • Assessed Land Value: $346,545.00
  • Assessed Land Percent: 39.22
  • Assessed Total Value: $883,689.00

Property History for 836 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 836 East 24th Street

Taxable ValueLand$900,000Additions$700,000Total$1,600,000
Tax Record2023$20,273 ($1,689 / month)
Home Facts
Total Finished SqFt4,858 SqFtAbove Grade Finished SqFt4,858 SqFtLot Size6,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLARD2CountyLOS ANGELESAPN5131-023-011

Schools near 836 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
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

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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836 East 24th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on October 5, 2023 by Marcus & Millichap, it's currently listed at $1,750,000. It has been on the market for a total of 212 days and was last sold on October 20, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pedro Street Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 836 East 24th Street is a 16-bed, 8-bath, 4,858 sqft multi-family home built in 1960.

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 Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.