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

$5,995,000
  • 120 Beds
  • 60 Baths
  • 8,240 Sq.Ft.
For Sale
$5,995,000 Get Pre-Qualified
Map preview of 654 E 24Th St, Los Angeles, CA 90011

Property Overview: 654 E 24Th St Los Angeles, CA has 120 bedrooms, 60 bathrooms, 8,240 living square feet and 20,967 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: Samuel Kim and Mooney Lee are pleased to present 24 st East Los Angeles This Liquor Store includes and building and Apartment and one 3 bedroom house an 6-unit apartment building and 4 Unit have above of Liquor store. Property income from Liquor store and 6 unit duplex apartment and other 4 unit up stair and one house This property stands as one of the most attractive multifamily investments in the Sale entire county, boasting a compelling Capitalization Rate ( Cap Rate) on current rental income. A rare opportunity to take advantage of positive leverage.

Listed by Mooney Lee | BRE #01731619 | Action Realty Task Holdings
Last checked: 8 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 32
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Home details

Lot Sq. Ft
20,967
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW24062474
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 10
  • # of Baths: 10
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $228,000
  • Total Rent: $228,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $228,000
  • Net Operating Income: $191,855
  • Gross Operating Income: $227,000
  • Vacancy Allowance: $1,000
Annual Expense Breakdown
  • Total Operating Expense: $20,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,145
  • Trash: $0
  • Insurance: $3,000
  • Professional Management: $0
  • Water/Sewer: $8,400
  • Other Expenses: $5,000
  • Other Expense Description: Maintanc

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Property Details for 654 E 24Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • All Bedrooms Down, All Bedrooms Up
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Unfurnished
  • Levels: Two
  • Window Features: Blinds
  • Security Features: Window Bars
Exterior Features
Exterior Information
  • Roof: Wood
  • TV Antenna
  • Has Fence
  • Barbed Wire
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 12
  • Parcel Number: 5127009024
  • Year Built Source: Public Records
  • Entry Level: 1
  • Foundation Details: Concrete Perimeter
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Amenities: Other
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: *** South of #10 Freeway North of #105 East of #110
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Park
View more facts & features

Local Los Angeles Agent

Sale History for 654 E 24Th St

View property's historical transactions

  • March, 2024

  • Mar 29, 2024

    Date

    Active

    CRMLS: PW24062474

    $5,500,000

    Price

Tax History for 654 E 24Th St

Assessed Value (2020): $832,866
Year Land Value Improved Value Assessed Value
2020 $346,338 $486,528 $832,866

Home Value Compared to the Market

This property vs the competition

654 E 24Th St is listed 389.39% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $727.55 per/sqft which puts the price per square foot 6% lower than the median price per square foot for the city of Los Angeles.

About 654 E 24Th St

Detailed summary of property

654 E 24Th St is a fourplex located in Los Angeles, CA 90011 and is currently for sale. This fourplex offers 120 bedrooms, 60 bathrooms, roughly 8,240 living square feet, and sits on an approximately 20,967 square foot lot. 654 E 24Th St was first listed on ArdentRealEstateGroup.com on March 29, 2024. The homeowner is currently asking $5,995,000 and was originally asking $5,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 389.39% higher than the median priced home. Local competing homes currently for sale include 1615 Park Ave, 722 S Manhattan Pl and 3365 Hamilton Way. While the average home in Los Angeles, CA is selling in 96 days, 654 E 24Th St has a days on market of 32 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 654 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 654 E 24Th St

Public county record property details
Beds
--
Baths
5
Year built
1914
Sq. Ft.
2,200
Lot Size
10,593
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
4,8-10
APN
5127-009-024

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
$620,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
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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