1431 24Th St, Los Angeles, CA 90007

4 Unit Apartment Building | $1,950,000 ($487,500/Unit) | 3.78% Cap Rate | Los Angeles, CA 90007

Asking Price $1,950,000

Property Type: Multifamily
Square Feet: 4,320 SF

Listing Contacts

Property Info

Property Overview

One unit is now fully vacant! Perfect for an owner/occupant or an investor! Turn-key property within the USC DPS Zone is a well-maintained quadruplex, located just a mile from USC Village, offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation.The building consists of four remodeled and updated units, each 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. Bedrooms are currently rented to students and are equipped with a bed, desk, and mini-fridge. Don't miss out on this prime investment opportunity! Property is registered as a Mills Act building and could potentially offer tax savings to a buyer. Please call for more information or a tour.

Property Details

Class: C
Year Built/Renovated: 1913/2016
Stories: 2
Property Subtype: Dormitory
Lot Size (sq. ft): 3,049 SF
Units: 4

Highlights

16 Bd/8 Ba Quadruplex in USC DPS Zone
Excellent Upside Potential
Current CAP 3.78% | Pro-forma CAP 7.91%

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