Properties

Property Description

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. One of the units will be delivered vacant allowing new ownership to immediately renovate and achieve a market rental rate. 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.

Features
: 8.00
2
0
0
0
Address Map
24th
836
Street
1649
0
W119° 44' 27.9''
N34° 1' 20.6''
E
0
MLS Addon
Marcus & Millichap
Sean
6,251 Sqft
Rosenzweig
01406343
LARD2
North of East Adams Boulevard & East of San Pe
$0
0
: Standard
0
Multi/Split,Two
0
6251.0000
Assessor
178752.00
8
05/10/2023
Assessor
1
C42 - Downtown L.A.
1
1
1
1
$0
213
1
0 Sqft
00530854
1
1
1
1
1
0
0
1
$0
0
1
Square Feet
05/10/2023
$1,995,000
0
0
$1,995,000

Residential Income

836 E 24th Street, Los Angeles, California 90011

4,858 Sqft
$1,995,000
Listing ID #23318059
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 23318059
Price : $1,995,000
Rooms : 0
Square Footage : 4,858 Sqft
Year Built : 1960
Lot Area : 0.14 Acre
Price Per Square Foot : $411
Status : Active
APN / Parcel Number : 5131023011
Contact Agent