654 East 24th Street

Los Angeles, CA 90011

$5,000,000
Price
10
Beds
120
Baths
8,240 Sq. Ft.
$607 / Sq. Ft.
8,240
Sq. Ft.
$607
per Sq. Ft.

Description

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....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.
  1. Listed by Mooney Lee • DRE #01731619 • Brokerage DRE #02208136 • Action Realty Task Holdings • 714-823-7171

Property Details for 654 East 24th Street

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8240
LISTING UPDATED: 07/19/2024 01:21 PM

Property Details for 654 East 24th Street

StatusActive
MLS #PW24062474
Days on Market238
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.48 AC / 20,967 SF
CountyLos Angeles County

Building Information for 654 East 24th Street

Stories2Residences-Year Built1914Building Size-Lot Size0.48 AC / 20,967 SF

Property Information for 654 East 24th Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $228,000
  • Gross Scheduled Income: $228,000
  • Vacancy Allowance: 1000
  • Gross Operating Income: $227,000
  • Net Operating Income: $191,855
  • Current Financing: None
Expense Details
  • Operating Expense: $20,000
  • New Taxes Expense: $12,145
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Professional Management Expense: $0
  • Other Expense: $5,000
  • Other Expense Description: Maintanc
  • Trash Expense: $0
  • Water Sewer Expense: $8,400
  • Total Expenses: $35,145
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 5153
  • Tax Census Tract: 2264.10
  • CFD/Mello-Roos Fee: $1,645
  • Tax Lot: 10
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Association Amenities: Other
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Park
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: None
  • Interior Features: Unfurnished
  • Room Type: All Bedrooms Down, All Bedrooms Up
  • Bedroom Features: All Bedrooms Down, All Bedrooms Up
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Electric
  • Heat Source: Electric
  • Heating: Electric
  • Flooring: Wood
Exterior Features
  • Window Features: Blinds
  • Security Features: Window Bars
  • Security: Security Bars
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Exterior: Wood
  • Exterior Features: TV Antenna
  • Roof: Wood
  • Entry Location: S
  • Fence: Yes
  • Fence: Barbed Wire
  • Fencing: Barbed Wire
  • Foundation Details: Concrete Perimeter
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 10
  • Unit Type Baths Total: 10
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $228,000
  • Unit Type Total Rent: $228,000
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 654 East 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 654 East 24th Street

Taxable ValueLand$371,343Additions$521,654Total$892,997
Tax Record2024$12,358 ($1,030 / month)
Home Facts
Total Finished SqFt2,200 SqFtAbove Grade Finished SqFt2,200 SqFtStories1Lot Size10,594 SqFtStyleOffice BuildingYear Built1914ZoningLAC2CountyLOS ANGELESAPN5127-009-024

Schools near 654 East 24th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
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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654 East 24th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on March 28, 2024 by Action Realty Task Holdings, it's currently listed at $5,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pedro Street Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 654 East 24th Street is a 10-bed, 120-bath, 8,240 sqft multi-family home built in 1914.

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 Action Realty Task Holdings, Mooney Lee, DRE #01731619

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.