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1176 W 24Th St, Los Angeles, CA 90007
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1176 W 24Th St Los Angeles, CA 90007

$5,999,990 Sold Price as of 07/12/2021
  • 33 Beds
  • 33 Baths
  • 10,000 Sq.Ft.
Sold
$5,999,990 Sold Price as of 07/12/2021 Refinance Your Mortgage
Map preview of 1176 W 24Th St, Los Angeles, CA 90007

Property Overview: 1176 W 24Th St Los Angeles, CA has 33 bedrooms, 33 bathrooms, 10,000 living square feet and 11,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Newly Built in late 2018 Located on the USC Tram Course blocks away. These properties are built on 2 side by side lots as New buildings. The investment is comprised of a unit mix consisting of seven (7) 4-bedroom + 4 bathroom in units & one (1) 5-bedroom + 5 bathroom in unit, each units have own washer and dryer, all stainless kitchen appliances and some island counter tops. Each units has own HVAC units and controller. Current lease with well-known USC housing management company until 7/31/2022. The minimum management is required. Maximum 18 parking spaces is available. PLEASE SEE PRIVATE REMARKS

Listed by Young-Hoon June | BRE #01017316 | Young-Hoon June
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
11,754
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21716174
City
Los Angeles
County
Los Angeles
Time on Site
1233 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 4
  • # of Electric Meters: 7
  • # of Gas Meters: 5
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Furnished
  • Actual Rent: $4,960
  • Total Rent: $34,720
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Furnished
  • Actual Rent: $6,200
  • Total Rent: $6,200
  • Pro Forma/Market Rent: $7,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.21
  • Gross Scheduled Income: --
  • Net Operating Income: $408,999
  • Gross Operating Income: $408,999
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1176 W 24Th St

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Electric
Room Information
  • Flooring: Wood
  • Converted Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator, Gas Cooktop
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5055021032
  • Architectural Style: Contemporary
  • Foundation Details: Slab
Location / Neighborhood
Location Information
  • Directions: Located on 24th Street between Hoover and Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 1176 W 24Th St

Last sold for $5,999,990 on July 12th, 2021

  • July, 2021

  • Jul 12, 2021

    Date

    Sold

    CRMLS: 21716174

    $5,999,990

    Price

  • Jul 6, 2021

    Date

    Pending

    CRMLS: 21716174

    $5,999,990

    Price

  • Apr 9, 2021

    Date

    Active

    CRMLS: 21716174

    $5,999,990

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: 20629636

    $5,999,000

    Price

  • Sep 10, 2020

    Date

    Active

    CRMLS: 20629636

    $5,999,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2016

  • Dec 28, 2016

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 1176 W 24Th St

Assessed Value (2020): $1,258,323
Year Land Value Improved Value Assessed Value
2020 $582,624 $675,699 $1,258,323

Home Value Compared to the Market

This property vs the competition

1176 W 24Th St sold on July 12, 2021 for 435.71% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $600 per/sqft which puts the price per square foot 17.13% lower than the current median sale per square foot for the city of Los Angeles.

About 1176 W 24Th St

Detailed summary of property

1176 W 24Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 33 bedrooms, 33 bathrooms, roughly 10,000 living square feet, and sits on an approximately 11,754 square foot lot. 1176 W 24Th St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $5,999,990. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 435.71% higher than the current median priced home. Local homes that are currently for sale include 6812 11th Ave, 1908 Hillcrest Rd and 7815 Melrose Ave. While the average home in Los Angeles, CA is selling in 106 days, 1176 W 24Th St has a days on market of 88 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1176 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 1176 W 24Th St

Public county record property details
Beds
9
Baths
12
Year built
2018
Sq. Ft.
4,992
Lot Size
--
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5055-021-032

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
$1,399,999
Median List Price/Sq.Ft.
$550
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
19
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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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