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1325 W 24Th St Los Angeles, CA 90007

$2,320,865 Sold Price as of 09/23/2023

9 Beds
9 Baths
2,738 Sq.Ft.

Sold

$2,320,865 Sold Price as of 09/23/2023 Refinance Your Mortgage

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Map preview of 1325 W 24Th St, Los Angeles, CA 90007

Property Overview: 1325 W 24Th St Los Angeles, CA has 9 bedrooms, 9 bathrooms, 2,738 living square feet and 5,903 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the new construction, fully-stabilized USC student housing investment property located at 1325 West 24th Street in Los Angeles, CA 90007. The property is less than one mile from the University of Southern California’s main University Park campus within the USC DPS security zone and is in a popular student housing rental neighborhood. The property has 3 units and 9 total bedrooms consisting of two brand-new construction 3 bed/3 bath units with dens and a fully renovated 3 bed/3 bath unit. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2028 LA Olympics.

Listed by Daniel Lewin | BRE #01932742 | Younglewin Advisors, Inc.

Last checked: 9 minutes ago | Last updated: September 23rd, 2023 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft: 5,903
HOA Dues: $0/mo
Year built: 1922
Garage: --
Property Type:: Triplex

Status: Sold
MLS#: PW23134331
City: Los Angeles
County: Los Angeles
Time on Site: 300 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $4,873
Total Rent: $4,873
Pro Forma/Market Rent: $6,600

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $4,873
Total Rent: $4,873
Pro Forma/Market Rent: $6,600

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $3,654
Total Rent: $3,654
Pro Forma/Market Rent: $4,950

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $160,800
Net Operating Income: $128,007
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $32,793
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 1325 W 24Th St

Interior Features

Laundry Information

Has Laundry
Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 2

Lot Information

Lot Features: Front Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 3
Parcel Number: 5055002006
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: On W 24th St, in between S Vermont Ave and Ellendale Pl

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Los Angeles Agent

Sale History for 1325 W 24Th St

Last sold for $2,320,865 on September 23rd, 2023

September, 2023
Sep 23, 2023

Date

Sold

CRMLS: PW23134331

$2,320,865

Price
Jul 24, 2023

Date

Active

CRMLS: PW23134331

$2,450,000

Price
September, 2020
Sep 1, 2020

Date

Expired

CRMLS: PW20145004

$890,000

Price
Jul 24, 2020

Date

Active

CRMLS: PW20145004

$890,000

Price
Listing provided courtesy of CRMLS

Shovel-ready student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA.The property consists of a small existing historic structure and a mostly empty lot. Ownership is in the final stages of permitting with the City for a new duplex with two units both 3 Bed/4 Bath (with den) and a conversion of the existing structure into a 3 Bed/3 Bath Accessory Dwelling Unit (ADU). The property is located within easy biking & walking distance (0.75 miles) of the University of Southern California, within the DPS patrol zone. Delivered fully empty. The area surrounding the campus has seen & will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April 2019 and the $1 Billion George Lucas Narrative Art museum that is under construction. USC recently completed (less than a mile from the subject property) the $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces. 0.75 Miles From USC - Within DPS Zone. --Delivered RTI for a Triplex Development --Designed by a locally experienced Development Firm --All HPOZ Clearances have been Received --2 x 3 Bed/4 Bath+Den Unit, 1 x 3/Bed/3 Bath Unit (ADU) --Walking Distance to Ralphs Anchored Retail Center --Great Commuter Location Near 10 and 110 FWYS and Metro Expo Light Rail Line --Delivered Empty

Continue Reading
August, 2019
Aug 6, 2019

Date

Sold (Public Records)

Public Records

$634,500

Price
July, 2014
Jul 25, 2014

Date

Sold (Public Records)

Public Records

$279,000

Price

Tax History for 1325 W 24Th St

Assessed Value (2020): $634,400

Year	Land Value	Improved Value	Assessed Value
2020	$500,000	$134,400	$634,400

Home Value Compared to the Market

This property vs the competition

1325 W 24Th St sold on September 23, 2023 for 105.88% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $894.81 per/sqft which puts the price per square foot 18.52% higher than the current median sale per square foot for the city of Los Angeles.

About 1325 W 24Th St

Detailed summary of property

1325 W 24Th St is a triplex that recently sold in Los Angeles, CA 90007. This triplex offered 9 bedrooms, 9 bathrooms, roughly 2,738 living square feet, and sits on an approximately 5,903 square foot lot. 1325 W 24Th St was first listed on ArdentRealEstateGroup.com on July 24, 2023. The homeowner sold the property for $2,320,865. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 105.88% higher than the current median priced home. Local homes that are currently for sale include 1147 Fedora St, 1142 S Mariposa Ave and 1038 Dewey Ave. While the average home in Los Angeles, CA is selling in 92 days, 1325 W 24Th St has a days on market of 36 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1325 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 1325 W 24Th St

Public county record property details

Beds: 2
Baths: 2
Year built: 1922
Sq. Ft.: 756
Lot Size: 5,902
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5055-002-006

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

$1,198,999

Median List Price/Sq.Ft.

$616

Median Sold Price

$710,000

Median Sold Price/Sq.Ft.

$645

Total Inventory

Median Sale to List Price %

94.79%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.