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1135 E 24Th St, Los Angeles, CA 90011
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1135 E 24Th St Los Angeles, CA 90011

$859,000
  • 7 Beds
  • 4 Baths
  • 2,647 Sq.Ft.
For Sale
$859,000 Get Pre-Qualified
Map preview of 1135 E 24Th St, Los Angeles, CA 90011

Property Overview: 1135 E 24Th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,647 living square feet and 6,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Mark Velasco | BRE #01789768 | West Shores Realty, Inc.
Last checked: 9 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 131
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Home details

Lot Sq. Ft
6,502
HOA Dues
$0/mo
Year built
1905
Garage
4 Car
Property Type:
Duplex
Status
Active
MLS#
DW24001061
City
Los Angeles
County
Los Angeles
Time on Site
134 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $31,800
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $30,000
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $61,800
  • Net Operating Income: $51,995
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,805
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,805
  • Water/Sewer: $0
  • Other Expenses: $8,000
  • Other Expense Description: Taxes

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Property Details for 1135 E 24Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5131020010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From 10 E fwy: take 14B towards San Pedro St onto E 17th St. Turn right onto Griffith Ave. LT onto E 24th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1135 E 24Th St

Last sold for $220,000 on January 3rd, 2014

  • January, 2024

  • Jan 3, 2024

    Date

    Active

    CRMLS: DW24001061

    $895,000

    Price

  • September, 2023

  • Sep 11, 2023

    Date

    Expired

    CRMLS: PV22253266

    $895,000

    Price

  • Dec 10, 2022

    Date

    Active

    CRMLS: PV22253266

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Price improvement!! A wonderful investment opportunity! This gated property includes two separate houses and 4 car garage. Front house 4 bedrooms/2 baths. Back house, above the garage, 3 bedrooms/2 baths. Front house was remodeled and the back unit was newly constructed in 2014. Close to USC, Downtown LA shopping, schools, and freeways. Drive-by only. Please do not disturb tenants.

  • January, 2014

  • Jan 3, 2014

    Date

    Sold (Public Records)

    Public Records

    $220,000

    Price

Show More

Tax History for 1135 E 24Th St

Assessed Value (2020): $501,594
Year Land Value Improved Value Assessed Value
2020 $176,313 $325,281 $501,594

Home Value Compared to the Market

This property vs the competition

1135 E 24Th St is listed 31.22% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $324.52 per/sqft which puts the price per square foot 58.07% lower than the median price per square foot for the city of Los Angeles.

About 1135 E 24Th St

Detailed summary of property

1135 E 24Th St is a duplex located in Los Angeles, CA 90011 and is currently for sale. This duplex offers 7 bedrooms, 4 bathrooms, roughly 2,647 living square feet, and sits on an approximately 6,502 square foot lot. 1135 E 24Th St was first listed on ArdentRealEstateGroup.com on January 3, 2024. The homeowner is currently asking $859,000 and was originally asking $895,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.22% lower than the median priced home. Local competing homes currently for sale include 747 E 33rd St, 914 E Martin Luther King Jr Blvd and 2928 Compton Ave. While the average home in Los Angeles, CA is selling in 94 days, 1135 E 24Th St has a days on market of 131 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1135 E 24Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1135 E 24Th St

Public county record property details
Beds
8
Baths
4
Year built
1905
Sq. Ft.
2,647
Lot Size
6,500
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
69
APN
5131-020-010

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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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