836 24Th St, Los Angeles, CA 90011
8 Unit Apartment Building | $1,750,000 ($218,750/Unit) | 6% Cap Rate | Los Angeles, CA 90011
For Sale
Active
Asking Price $1,750,000
- Property Type
-
Multifamily
- Square Feet
- 4,858 SF
Listing Contacts
Sean Rosenzweig
Josh Zimmerman
Property Overview
Marcus & Millichap, as the exclusive listing agent, is 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. 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.
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. 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.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 8
Highlights
- Property is Located in Dense Pocket of The Historic South Central District. With a Walk Score of 84 ‘Very Walkable’
- Select Units have been Upgraded with Laminate Flooring, New Bathroom & Kitchen Appliances, New Cabinets & More
- The Property Comprises Entirely of Two-Bedroom/One- Bathroom Units
- Located 0.6 Miles from the San Pedro Street Metro Station – Residents Benefit from Easy Access Across the City
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
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