$1,750,000 Price Analysis   ♡   Los Angeles, CA 90011 16 bed 8 bath 4,858 SqFt ($360/SqFt) 6,251SqFt lot. Built 1960 Listed 2023-10-05, Taxes $11,372 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
I am pleased to offer for sale an eight-unit apartment communty located at 836 East 24th Street.
The subject property is conveniently located 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 and 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.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #23-318059 from TheMLSCLAW
Full Bathrooms: 8
Lot Size Source: Assessor
Lot Size Square Feet: 6251
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2095, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2095, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2095, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2095, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 2095, 6 BedsTotal: 2, 6 BathsTotal: 1, 6 SquareFeet: 2095, 7 BedsTotal: 2, 7 BathsTotal: 1, 7 SquareFeet: 2095, 8 BedsTotal: 2, 8 BathsTotal: 1, 8 SquareFeet: 2095
County: Los Angeles
Cap Rate: 6
Directions: North of East Adams Boulevard & East of San Pedro Street
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5131-023-011
Postal Code Plus 4: 1649
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $537,144 + $346,545 $883,689 | $11,372 |
| 2021 | $526,612 + $339,750 $866,362 | $11,217 |
| 2020 | $521,213 + $336,267 $857,480 | $11,320 |
| 2019 | $510,994 + $329,674 $840,668 | $10,902 |
| 2018 | $500,975 + $323,210 $824,185 | $10,773 |
| 2017 | $491,152 + $316,873 $808,025 | $10,506 |
| 2016 | $481,522 + $310,660 $792,182 | $10,235 |
| 2015 | $474,290 + $305,994 $780,284 | $10,094 |
| 2014 | $321,449 + $375,024 $696,473 | $9,339 |
| 2013 | $319,997 + $373,330 $693,327 | $9,330 |
| 2012 | $313,723 + $366,010 $679,733 | $9,450 |
| 2010 | $307,572 + $358,834 $666,406 | $9,177 |
| 2009 | $306,000 + $357,000 $663,000 | $8,856 |
| 2009 | $305,274 + $356,153 $661,427 | $8,856 |
| 2008 | $300,000 + $350,000 $650,000 | $8,499 |
| 2007 | $277,786 + $151,898 $429,684 | $5,778 |
$1,750,000
TheMLSCLAW
Price Changed 2023-11-17
$1,800,000
TheMLSCLAW
Price Changed 2023-10-24
$1,895,000
TheMLSCLAW
Listed 2023-10-05
$1,995,000
TheMLSCLAW
Sold 2022-11-01
$1,425,000
Public Record
Sold 2014-03-19
$765,000
Public Record
Sold 2007-12-21
$650,000
Public Record
Sold 2004-07-20
$413,000
Public Record
Listing removed 1999-07-15
$279,000
ITECH
Listed 1999-01-28
$279,000
ITECH
Year Built: 1960
Levels: Multi Levels, Two Level
Living Area Source: Assessor
Property Age: 64
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.