1165 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$900,000
1165 E 24th Street, Los Angeles, California 90011
0Bed
0Bath
1,940Sqft
6,502Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This property is a triplex with three distinct units (two 1-bedroom, 1-bath and one 2-bedroom, 1-bath), providing diversified rental income streams ideal for investors.
Top Cons:
Property Age & Condition: Built in 1984, the property is nearly 40 years old. While not explicitly stated, this age often implies potential for aging systems (plumbing, electrical) and dated interiors that may require significant capital expenditures for maintenance or modernization to maximize rental potential.
Compared to the nearby listings
Price:$900.0K vs avg $672.0K (+$228,000)88%
Size:1,940 sqft vs avg 1,984 sqft50%
Price/sqft:$464 vs avg $34581%
More Insights
Built in 1984 (41 years old).
Condition: Built in 1984, this property is 40 years old and shows signs of its age with no apparent major renovations. The kitchen features very dated light wood cabinets, speckled laminate/basic granite-look countertops, and old black-and-white patterned linoleum flooring, requiring a full renovation to meet modern standards. While appliances appear functional, they are not high-end. Interior finishes like worn carpets, dated ceiling fans, and wall-mounted heaters (suggesting no central HVAC) indicate significant cosmetic and system updates are needed. The property is functional and tenant-occupied, but its components are outdated, aligning with the 'Fair' category's description of a home aged but maintained, with major components functional but showing signs of being outdated, and typically built within the last 25 to 40 years with no major renovations since construction.
Year Built
1984
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$464
HOA
-
Days on market
-
Sold On
-
MLS number
DW25110570
Home ConditionFair
Features
View-
About this home
Beautiful income property, 3 Units (2=1+1 and 1=2+1) in South Los Angeles. This property has ample parking space and it has a front and rear entrance. This property is fully fenced and all are tenant occupied. All the units have separate gas and electricity meters. Seller is motivated, send your offers!!
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
Built in 1984, this property is 40 years old and shows signs of its age with no apparent major renovations. The kitchen features very dated light wood cabinets, speckled laminate/basic granite-look countertops, and old black-and-white patterned linoleum flooring, requiring a full renovation to meet modern standards. While appliances appear functional, they are not high-end. Interior finishes like worn carpets, dated ceiling fans, and wall-mounted heaters (suggesting no central HVAC) indicate significant cosmetic and system updates are needed. The property is functional and tenant-occupied, but its components are outdated, aligning with the 'Fair' category's description of a home aged but maintained, with major components functional but showing signs of being outdated, and typically built within the last 25 to 40 years with no major renovations since construction.
Pros & Cons
Pros
Income-Generating Asset: This property is a triplex with three distinct units (two 1-bedroom, 1-bath and one 2-bedroom, 1-bath), providing diversified rental income streams ideal for investors.
Immediate Cash Flow: All units are currently tenant-occupied, ensuring immediate rental income and eliminating vacancy risk upon acquisition.
Reduced Operating Costs: Each unit features separate gas and electricity meters, transferring utility costs directly to tenants and maximizing the landlord's net operating income.
Tenant Amenities: The property offers ample parking space and both front and rear entrances, which are valuable conveniences for tenants in a dense urban environment like Los Angeles.
Enhanced Security: Being fully fenced provides an added layer of security and privacy for residents, which can be a significant draw for tenants.
Cons
Property Age & Condition: Built in 1984, the property is nearly 40 years old. While not explicitly stated, this age often implies potential for aging systems (plumbing, electrical) and dated interiors that may require significant capital expenditures for maintenance or modernization to maximize rental potential.
Lack of Interior Details: The description lacks specific information regarding the interior condition or any recent renovations of the units, suggesting they might be in original or basic condition, which could limit rent upside without further investment.
Location Perception: Located in South Los Angeles (90011), the area's perception can vary among investors and may not offer the same appreciation potential or tenant demographic as more rapidly gentrifying or established affluent areas of Los Angeles.