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

$1,750,000
  • 16 Beds
  • 8 Baths
  • 4,858 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 836 E 24Th St, Los Angeles, CA 90011

Property Overview: 836 E 24Th St Los Angeles, CA has 16 bedrooms, 8 bathrooms, 4,858 living square feet and 6,251 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: I am pleased to offer for sale an eight-unit apartment community located at 836 East 24th Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,251 square foot parcel, the property comprises entirely of two-bedroom units. The property was built in 1960 and has 8 on site parking spaces. Select units have been renovated with laminate flooring, new bathroom & kitchen appliances, new cabinets and more. The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate vacant units and achieve superior future returns moving forward makes 836 East 24th Street an excellent acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: May 15th, 2024 | Source CRMLS | DOM: 266
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Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23318059
City
Los Angeles
County
Los Angeles
Time on Site
267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,067
  • Total Rent: $2,067
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,318
  • Total Rent: $1,318
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,067
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,156
  • Total Rent: $1,156
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $984
  • Total Rent: $984
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,070
  • Total Rent: $2,070
  • Pro Forma/Market Rent: $2,095
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 10.53
  • Gross Scheduled Income: --
  • Net Operating Income: $105,051
  • Gross Operating Income: $163,748
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 836 E 24Th St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5131023011
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of East Adams Boulevard & East of San Pedro Street
View more facts & features

Local Los Angeles Agent

Sale History for 836 E 24Th St

Last sold for $765,000 on March 19th, 2014

  • October, 2023

  • Oct 5, 2023

    Date

    Active

    CRMLS: 23318059

    $1,995,000

    Price

  • March, 2014

  • Mar 19, 2014

    Date

    Sold (Public Records)

    Public Records

    $765,000

    Price

  • December, 2007

  • Dec 21, 2007

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

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Tax History for 836 E 24Th St

Assessed Value (2020): $857,480
Year Land Value Improved Value Assessed Value
2020 $336,267 $521,213 $857,480

Home Value Compared to the Market

This property vs the competition

836 E 24Th St is listed 41.59% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $360.23 per/sqft which puts the price per square foot 53.52% lower than the median price per square foot for the city of Los Angeles.

About 836 E 24Th St

Detailed summary of property

836 E 24Th St is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 16 bedrooms, 8 bathrooms, roughly 4,858 living square feet, and sits on an approximately 6,251 square foot lot. 836 E 24Th St was first listed on ArdentRealEstateGroup.com on October 5, 2023. The homeowner is currently asking $1,750,000 and was originally asking $1,995,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.59% higher than the median priced home. Local competing homes currently for sale include 602 W 40th Pl, 1702 S Hoover St and 438 E 56th St. While the average home in Los Angeles, CA is selling in 99 days, 836 E 24Th St has a days on market of 266 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 836 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 836 E 24Th St

Public county record property details
Beds
16
Baths
8
Year built
1960
Sq. Ft.
4,858
Lot Size
6,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5131-023-011

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
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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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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