View Photos

1841 W 24th St Los Angeles, CA 90018

$790,000 Sold Price as of 02/26/2020

4 Beds
4 Baths
3,744 Sq.Ft.

Sold

$790,000 Sold Price as of 02/26/2020 Refinance Your Mortgage

Map preview of 1841 W 24th St, Los Angeles, CA 90018

Property Overview: 1841 W 24th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,744 living square feet and 6,650 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Cap rate of approximately 5.0%, and three units now month-to-month! Great opportunity to acquire a 4-unit investment property in the West Adams District located just 1.5 walking-miles from USC. The 3,744 SF property has four spacious units and ample parking. These units are complete with dining rooms and large bedrooms. Tenants pay all utilities except water and sewer. This is a must-see property centered close to downtown and all that L.A. has to offer. **Do not approach tenants without Seller authorization.**

Listed by Joel Fajardo | BRE #01847613 | Keller Williams Encino-Sherman Oaks
Co-listed by Eric Delgado | BRE #01831579 | Keller Williams Encino-Sherman Oaks

Last checked: 3 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft: 6,650
HOA Dues: $0/mo
Year built: 1912
Garage: 4 Car
Property Type:: Multi Family

Status: Sold
MLS#: SR19222476
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 0

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,800

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,800

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,800

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $880
Total Rent: $880
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5%
Gross Rent Multiplier: 14.88
Gross Scheduled Income: $54,936
Net Operating Income: $40,096
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $5,000
Electric: $0
Gas/Fuel: $0
New Taxes: $10,000
Trash: $0
Insurance: $2,640
Water/Sewer: $2,200

Property Details for 1841 W 24th St

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

No Laundry
None

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: Back Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 5058022018
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

No Assessments
Assessments: None

Location / Neighborhood

Location Information

Directions: Take W Adams to W La Salle Avenue to W 24th Street

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 1841 W 24th St

Last sold for $790,000 on February 26th, 2020

February, 2020
Feb 26, 2020

Date

Sold

CRMLS: SR19222476

$790,000

Price
Jan 17, 2020

Date

Pending

CRMLS: SR19222476

$800,000

Price
Jan 8, 2020

Date

Price Change

CRMLS: SR19222476

$800,000

Price
Dec 10, 2019

Date

Active

CRMLS: SR19222476

$850,000

Price
Dec 3, 2019

Date

Hold

CRMLS: SR19222476

$850,000

Price
Nov 25, 2019

Date

Active Under Contract

CRMLS: SR19222476

$850,000

Price
Sep 26, 2019

Date

Price Change

CRMLS: SR19222476

$850,000

Price
Sep 18, 2019

Date

Active

CRMLS: SR19222476

$950,000

Price
February, 2020
Feb 26, 2020

Date

Sold (Public Records)

Public Records

$790,000

Price
June, 2002
Jun 4, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1841 W 24th St

Assessed Value (2020): $346,482

Year	Land Value	Improved Value	Assessed Value
2020	$150,665	$195,817	$346,482

Home Value Compared to the Market

This property vs the competition

1841 W 24th St sold on February 26, 2020 for 28.57% lower 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 $213.68 per/sqft which puts the price per square foot 70.49% lower than the current median sale per square foot for the city of Los Angeles.

About 1841 W 24th St

Detailed summary of property

1841 W 24th St is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,744 living square feet, and sits on an approximately 6,650 square foot lot. 1841 W 24th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $790,000. 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 28.57% lower than the current median priced home. Local homes that are currently for sale include 3929 Brighton Ave, 1814 W 39th St and 1722 Leighton Ave. While the average home in Los Angeles, CA is selling in 106 days, 1841 W 24th St has a days on market of 115 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1841 W 24th St Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1841 W 24th St

Public county record property details

Beds: 4
Baths: 4
Year built: 1912
Sq. Ft.: 3,744
Lot Size: 6,649
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12
APN: 5058-022-018

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$999,800

Median List Price/Sq.Ft.

$640

Median Sold Price

$1,040,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

Median Sale to List Price %

104.1%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1841 W 24th St

Nearby Homes for Sale

Recently Sold Homes Near 1841 W 24th St

$1,400,000 Last Sold Price

7 Beds

5 Baths

-- Sq.Ft.

1827 W 24Th St
Los Angeles, CA 90018

$800,000 Last Sold Price

9 Beds

6 Baths

4 Sq.Ft.

1823 W 24Th St
Los Angeles, CA 90018

$845,000 Last Sold Price

5 Beds

3 Baths

1930 Sq.Ft.

1811 W 24th St
Los Angeles, CA 90018

$1,200,000 Last Sold Price

8 Beds

8 Baths

3982 Sq.Ft.

1809 W 24th St
Los Angeles, CA 90018

Related Resources to 1841 W 24th St

New Listings in 90018

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.