7
See all 7 photos
$1,550,000
Est. payment /mo
11 Beds
11 Baths
5,903 Sqft Lot
New
1325-W. 24th Street Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26236143
Bedrooms 11
Lot Size 5,903 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 13251327 W. 24th Street, a rare opportunity to acquire a 100% vacant, three-unit multifamily property located approximately one mile from the University of Southern California's University Park Campus. One of the property's most compelling features is its 100% vacant delivery, providing investors with the exceptional opportunity to establish a new tenant base, implement a customized leasing strategy, and pursue current market rents without inheriting existing tenants or below-market leases. The property consists of a newly constructed two-story front duplex completed in 2023, together with a renovated rear residential unit originally constructed circa 1922. The property offers approximately 2,738 square feet of building area on a 5,903-square-foot lot. The residential configuration includes two four-bedroom/four-bathroom units and one three-bedroom/three-bathroom unit, providing a total of 11 bedrooms and 11 bathrooms. These multiple-bedroom layouts present an attractive opportunity for investors considering student-oriented rentals, traditional residential leasing, or other legally permissible rental arrangements. At the asking price of $1,550,000, the property offers a projected 6.53% capitalization rate, based on estimated monthly rental income of $12,650, or $151,800 annually. The pro forma assumes rental income averaging $1,150 per bedroom per month, a 2% vacancy allowance, and estimated annual operating expenses of $47,480, resulting in projected Net Operating Income of $101,284. Situated in the established University Park neighborhood, the p
Location
State CA
County Los Angeles
Zoning Other
Direction 1325 W. 24th St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5055002006
Acceptable Financing Cash
Listing Terms Cash
Listed by Kirk Garabedian, DRE#01216376 Keller Williams R. E. Services
NEARBY SCHOOL & BUSINESS
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