1869 W 24th Street, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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Los Angeles, California 90018
Analysis of 1869 W 24th Street, Los Angeles, California 90018 is currently available with a list price of $2,700,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Built in 2021, this property is only 5 years old, featuring modern construction, contemporary finishes, and updated HVAC systems. It meets the criteria for mint condition with no maintenance required.
Built in 2021, this quadplex features contemporary finishes and central air conditioning, significantly reducing immediate capital expenditure and maintenance costs typically associated with older Los Angeles income properties.
The property is strategically located in a high-demand rental pocket near USC, Exposition Park, and Downtown LA, ensuring low vacancy rates and consistent interest from students and young professionals.
With a total of 6,369 square feet, the units offer generous layouts that command premium rents compared to standard multi-family assets in the 90018 zip code.
The assigned public schools, such as Twenty-Fourth Street Elementary, carry low performance ratings (2/10), which may deter long-term family tenants and impact future resale appeal to certain buyer profiles.
At a $2.7 million price point, the cost per unit is approximately $675,000, requiring a significant down payment and high rental yields to achieve a favorable capitalization rate in the current interest rate environment.
Modern quadplex built in 2021, featuring air conditioning and contemporary finishes throughout. Located in a high-demand rental market near USC, Exposition Park, and Downtown Los Angeles, this well-maintained income property offers strong rental appeal and excellent long-term investment potential with convenient access to major freeways and public transportation.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 6,369 | 2,250 |
| Lot Size | 6,652 | 5,864 |
| Price | $2.70M | $826.7K |
| Price per sq ft | $424 | $395 |
| Built year | 2021 | 1925 |
| HOA | $0 | $0 |
| Days on market | 27 | 83 |
Jun 25, 2026
$2,700,000
Initial Listing
Aug 6, 2021
$2,700,000
Public Record
Apr 25, 2019
$820,000
Public Record
Oct 5, 2011
$230,000
Public Record