610 E 24th Street, Los Angeles, CA, 90011

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$990,000
14 Days On Site

610 E 24th Street
Los Angeles, CA 90011

For Sale|Residential Income|Active
12
Beds
6
Total Baths
4,048
SqFt
$245
/SqFt
1910
Built
County:
Los Angeles
Listed by Max Berger of Compass max.berger@compass.com
Call Now: 951-203-4426
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951-203-4426
610 E 24th Street610 E 24th Street610 E 24th Street610 E 24th Street
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610 East 24th St is a 4-unit property in Historic South Central, offered at $990,000 with approx. 53% rental upside. Built in 1910, the property includes 3 separate buildings totaling approx. 4,048 SF, on a spacious 9,644 SF corner lot. The unit mix is comprised of (2) 4-bdrm. /2-bath residences and (2) 2-bdrm./1-bath units, giving the property larger floor plans than are typically found in a fourplex. The property has a distinctly residential feel, led by a Craftsman-influenced front residence with gabled rooflines, exposed eaves, a covered front porch, bay window, and fenced yard. The additional buildings are positioned toward the rear of the property, creating greater separation between the four units, while a large central parking area provides substantial off-street parking for residents. Current gross rents total $6,730 per month, ompared with projected rents of $10,300 per month, representing approx. 53% rental upside. Located just south of Downtown Los Angeles, 610 East 24th Street provides convenient access to USC, Exposition Park, the LA Fashion District, and surrounding South Los Angeles neighborhoods. USC is approx. 1.5 miles away, the Fashion District approx. 1.4 miles, and Exposition Park approx. 1.7 miles, placing education, employment, retail, museums, sports, and entertainment within a relatively compact radius. 610 East 24th Street brings together larger residential units, three separate buildings, and a location with convenient access to USC, Exposition Park, and Downtown Los Angeles. With current rents below the projected rents shown in the property's rent roll, there is also a clear path for income to grow over time.

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Listing Snapshot
Price 
$990,000
Days On Site 
14 Days
Bedrooms 
12
Inside Area (SqFt) 
4,048 sqft
Total Baths 
6
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2214 Acres
Year Built 
1910
MLS® Number 
26992987
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.2214
Levels 
One
Number Of Stories 
1
Parking 
Gated
Parking Spaces 
7
Security 
Gated Community
Special Circumstances 
Standard
SqFt Total 
4048
Style 
Bungalow
Zoning 
LARD2
Interior Features
Laundry Features 
None
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Exterior Features
View 
None
Waterview 
None
Community Features
Community Features 
Gated
MLS Area 
C42 - Downtown L.A.


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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