1431 West 24th Street

Los Angeles, CA 90007

$1,795,000
Price
16
Beds
8
Baths
4,320 Sq. Ft.
$416 / Sq. Ft.
4,320
Sq. Ft.
$416
per Sq. Ft.

Description

Turn-key property within a mile from USC Village. The well-maintained quadruplex, conveniently offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation. The building consists of four remodeled and updated units, each approximately 1,080 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry...Turn-key property within a mile from USC Village. The well-maintained quadruplex, conveniently offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation. The building consists of four remodeled and updated units, each approximately 1,080 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry machines, fully equipped kitchens, and furnished common spaces. Each unit is separately metered for gas and electricity. Three of the four units have rooms rented to students and are equipped with a bed, desk, and mini-fridge. Tax savings may be available as the building is registered, and under a Mills Act contract. Don't miss out on this prime investment opportunity with tremendous upside potential! Broker does not guarantee the accuracy of square footage, lot size or other info concerning conditions or features of the property provided by the seller or obtained from public records. Buyer and buyer agents are advised to conduct due diligence.
  1. Listed by Amalia Ochoa • DRE #01933675 • Brokerage DRE #01886363 • The Proud Crowd Inc.
  2. Listed by Michael Fucci • DRE #01886363 • Brokerage DRE #01886363 • The Proud Crowd Inc.

Property Details for 1431 West 24th Street

Zoning
LARD2
Style
Craftsman
Cross Streets
Vermont Ave/Adams
Accessibility Features
None
Parcel Number
5054025017
Total Units
4.0
Living Area
4320
Source Living Area
Vendor Enhanced
LISTING UPDATED: 12/02/2024 01:19 PM

Property Details for 1431 West 24th Street

StatusActive
MLS #24-408595
Days on Market153
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.07 AC / 3,244 SF
CountyLos Angeles County

Building Information for 1431 West 24th Street

Stories2Residences-Year Built1913Building Size-Lot Size0.07 AC / 3,244 SF

Property Information for 1431 West 24th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
  • Management Company Name: LOA Management
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Quadruplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Card/Code Access
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $173,064
  • Net Operating Income: $136,252.00
  • Gross Income: $173,064
  • Cap Rate: 7.59%
  • Gross Rent Multiplier: $10.37
  • Actual Annual Gross Rent: $173,064.00
  • Actual Gross Annual Income: $173,064
  • Monthly GrossI Income: $14,422.00
  • Actual Rent Total: $173,064.00
  • Financial Info as Of: 11/05/2024
  • Vacancy Allow Dollar: $.00
  • Owner Pays: Gardener, Other
  • Total Annual Expense: 36811.76
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.0745
  • Lot Size Square Feet: 3244
  • Lot Description: Curbs, Fenced, Gutters, Street Paved, Street Lighting, Street Asphalt, Sidewalks
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating: Central, Natural Gas
  • Heating Type: Central, Natural Gas
  • Flooring: Stained Concrete, Ceramic Tile, Carpet, Wood, Wood Laminate
  • Equipment: Microwave, Refrigerator, Range/Oven, Washer, Dryer, Ceiling Fan, Hood Fan, Gas Dryer Hookup, Garbage Disposal, Vented Exhaust Fan, Stackable W/D Hookup
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Counter Top, Remodeled, Quartz Counters
  • Room Bathroom Features: Remodeled, Tile Counters, Low Flow Toilet(s)
  • Bathroom Features: Remodeled, Tile, Low Flow Toilet(s)
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas, Gas/Electric Range
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Disability Access: None
Exterior Features
Exterior Features
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Shingle
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Other
  • Windows: Double Pane Windows
  • New Construction: No
  • Construction Materials: Redwood Siding, Wood Siding
  • Exterior Construction: Redwood Siding, Wood Siding
  • Foundation Details: Raised
  • Other Structural Features: Partial Copper Plumbing, Historical
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-02-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,674.00
  • Unit Actual Rent: $3,674.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,648.00
  • Unit Actual Rent: $3,648.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 4
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 0
  • Number of Dishwasher: 0
  • Number of Disposal: 4
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Patio: 0
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Rented Garages: 0
  • Number Wall AC: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $301,000.00
  • Assessed Improvement Percent: 40.03
  • Assessed Land Value: $451,000.00
  • Assessed Land Percent: 59.97
  • Assessed Total Value: $752,000.00

Property History for 1431 West 24th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1431 West 24th Street

Taxable ValueLand$451,000Additions$301,000Total$752,000
Tax Record2024$9,578 ($798 / month)
Home Facts
Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtLot Size3,244 SqFtStyleQuadraplexYear Built1913ZoningLARD2CountyLOS ANGELESAPN5054-025-017

Schools near 1431 West 24th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Public - K to 10
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1431 West 24th Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on July 2, 2024 by The Proud Crowd Inc., it's currently listed at $1,795,000. It has been on the market for a total of 153 days and was last sold on February 11, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, Foshay Learning Center and West Adams Preparatory High School. 1431 West 24th Street is a 16-bed, 8-bath, 4,320 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Proud Crowd Inc., Amalia Ochoa, DRE #01933675; The Proud Crowd Inc., Michael Fucci, DRE #01886363

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.