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1024 W 24Th St, Los Angeles, CA 90007
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1024 W 24Th St Los Angeles, CA 90007

$2,350,000 Sold Price as of 07/28/2021
  • 11 Beds
  • 14 Baths
  • 8,563 Sq.Ft.
Sold
$2,350,000 Sold Price as of 07/28/2021 Refinance Your Mortgage
Map preview of 1024 W 24Th St, Los Angeles, CA 90007

Property Overview: 1024 W 24Th St Los Angeles, CA has 11 bedrooms, 14 bathrooms, 8,563 living square feet and 7,244 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sold before print

Listed by Wendy Morley | BRE #01788681 | Pinnacle Estate Properties, Inc.
Co-listed by Larry Smart | BRE #01024190 | Pinnacle Estate Properties, Inc.
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,244
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SR21110385
City
Los Angeles
County
Los Angeles
Time on Site
1068 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $848
  • Total Rent: $4,240
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 7
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,045
  • Total Rent: $7,316
  • Pro Forma/Market Rent: $9,450
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,370
  • Total Rent: $2,740
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 13.9
  • Gross Scheduled Income: $171,655
  • Net Operating Income: $92,892
  • Gross Operating Income: --
  • Vacancy Allowance: $9,063
  • Laundry Income: $9,600
Annual Expense Breakdown
  • Total Operating Expense: $79,300
  • Gas/Fuel: $0
  • Trash: $3,135
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1024 W 24Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Information
  • Roof: Flat
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 5124008018
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of the 10, West of the 110
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1024 W 24Th St

Last sold for $2,350,000 on July 28th, 2021

  • July, 2021

  • Jul 31, 2021

    Date

    Sold

    CRMLS: SR21110385

    $2,350,000

    Price

  • Jul 31, 2021

    Date

    Active

    CRMLS: SR21110385

    $2,399,000

    Price

  • October, 2020

  • Oct 5, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1997

  • Apr 25, 1997

    Date

    Sold (Public Records)

    Public Records

    $230,000

    Price

Show More

Tax History for 1024 W 24Th St

Assessed Value (2020): $336,930
Year Land Value Improved Value Assessed Value
2020 $148,913 $188,017 $336,930

Home Value Compared to the Market

This property vs the competition

1024 W 24Th St sold on July 28, 2021 for 88.3% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $280.16 per/sqft which puts the price per square foot 64.58% lower than the current median sale per square foot for the city of Los Angeles.

About 1024 W 24Th St

Detailed summary of property

1024 W 24Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 11 bedrooms, 14 bathrooms, roughly 8,563 living square feet, and sits on an approximately 7,244 square foot lot. 1024 W 24Th St was first listed on ArdentRealEstateGroup.com on July 31, 2021. The homeowner sold the property for $2,350,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 88.3% higher than the current median priced home. Local homes that are currently for sale include 1431 W 24th St, 819 Beacon Ave and 2634 Dalton Ave. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1024 W 24Th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1024 W 24Th St

Public county record property details
Beds
12
Baths
14
Year built
1963
Sq. Ft.
8,563
Lot Size
7,244
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5124-008-018

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,380,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$525,000
Median Sold Price/Sq.Ft.
$589
Total Inventory
13
Median Sale to List Price %
102.94%
Avg Days on Market
55
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.

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