1165 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$929,000
1165 E 24th Street, Los Angeles, California 90011
0Bed
0Bath
1,940Sqft
6,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property features three tenant-occupied units (2x 1-bed/1-bath, 1x 2-bed/1-bath), providing immediate and consistent rental income for investors.
Top Cons:
Property Age & Potential for Updates: Built in 1984, the property is 40 years old, and the description lacks details on recent renovations, suggesting systems and aesthetics may be dated and require future capital expenditures.
Compared to the nearby listings
Price:$929.0K vs avg $672.0K (+$257,000)88%
Size:1,940 sqft vs avg 1,984 sqft50%
Price/sqft:$479 vs avg $34581%
More Insights
Built in 1984 (41 years old).
Condition: The property was built in 1984, making it 40 years old. The listing description provides no details about recent renovations or updates to the interior, including kitchens and bathrooms. The property analysis also notes the age and potential for updates, suggesting that systems and aesthetics may be dated. Without specific information or images of updated features, it's reasonable to assume that the kitchens, bathrooms, and other interior components are functional but likely reflect styles and materials from 15-30+ years ago, requiring minor to moderate updates to meet current standards. There's no indication of major defects or unsafe conditions that would warrant a 'poor' rating.
Year Built
1984
Close
-
List price
$929K
Original List price
$975K
Price/Sqft
$479
HOA
-
Days on market
-
Sold On
-
MLS number
DW25011922
Home ConditionFair
Features
View-
About this home
Nice Property, 3 Units (2=1+1 and 1=2+1) in South Los Angeles with ample parking space, it has front and rear entrance. Property is sitting on a large 6,500 sq ft. This property is fully fanced and all of them are tenant occupied. All units are separately metered (gas and electricity). Great investment!!
Nearby schools
5/10
Twentieth Street Elementary School
Public,•K-5•0.3mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.4mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.8mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.8mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.9mi
/10
Maple Primary Center
Public,•K-1•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
3/10
Trinity Street Elementary School
Public,•K-5•1.1mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.1mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.4mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.6mi
4/10
Norwood Street Elementary School
Public,•K-5•1.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.8mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.2mi
2/10
John W. Mack Elementary School
Public,•K-5•2.2mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.5mi
4/10
John Adams Middle School
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.2mi
3/10
George Washington Carver Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•3.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.4mi
5/10
Santee Education Complex
Public,•9-12•0.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Manual Arts Senior High School
Public,•9-12•2.3mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
02/19/13
Sold
$245,000
05/04/06
Sold
$465,000
08/07/02
Sold
$217,000
Condition Rating
Fair
The property was built in 1984, making it 40 years old. The listing description provides no details about recent renovations or updates to the interior, including kitchens and bathrooms. The property analysis also notes the age and potential for updates, suggesting that systems and aesthetics may be dated. Without specific information or images of updated features, it's reasonable to assume that the kitchens, bathrooms, and other interior components are functional but likely reflect styles and materials from 15-30+ years ago, requiring minor to moderate updates to meet current standards. There's no indication of major defects or unsafe conditions that would warrant a 'poor' rating.
Pros & Cons
Pros
Income-Generating Triplex: The property features three tenant-occupied units (2x 1-bed/1-bath, 1x 2-bed/1-bath), providing immediate and consistent rental income for investors.
Operational Efficiency: All units are separately metered for gas and electricity, which significantly reduces landlord utility expenses and simplifies property management.
Valuable Parking & Access: Ample parking space and both front and rear entrances are notable advantages in a dense urban environment like Los Angeles, enhancing tenant convenience.
Substantial Lot Size: Sitting on a large 6,500 sq ft lot, the property offers potential for outdoor amenities, future expansion, or increased property value over time.
Attractive Price Adjustment: A recent price reduction from $975,000 to $929,000 indicates a motivated seller and potentially a more favorable acquisition cost for buyers.
Cons
Property Age & Potential for Updates: Built in 1984, the property is 40 years old, and the description lacks details on recent renovations, suggesting systems and aesthetics may be dated and require future capital expenditures.
South Los Angeles Market Dynamics: While an investment hub, the specific sub-market within South Los Angeles may present unique challenges related to tenant demographics, property management, or perceived neighborhood desirability.
Limited Property Specifics: The general description 'Nice Property' and absence of detailed interior condition reports or unit-specific square footage make it difficult to fully assess current condition and potential upgrade needs without a physical inspection.