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610 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath

610 E 24th Street, Los Angeles, California 90011 home-pic-0
ACTIVE$1,070,000$4,429/sqft
610 E 24th Street, Los Angeles, California 90011
0Bed
0Bath
4,429Sqft
9,644Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Multi-Unit Investment: Legally classified as a five-plex with three distinct buildings, offering diverse income streams and owner-occupancy flexibility.
Top Cons:
Historic Property Age: Constructed in 1910, the property's age may necessitate ongoing maintenance, potential system upgrades, and could present unforeseen repair challenges.

Compared to the nearby listings

Price:$1.07M vs avg $699.0K (+$371,000)86%
Size:4,429 sqft vs avg 2,076 sqft97%
Price/sqft:$242 vs avg $3377%

More Insights

Built in 1910 (116 years old).
Condition: The property was built in 1910, making it over a century old. While the listing states that one detached unit has been 'remodeled to meet modern standards' with an 'updated kitchen and contemporary bathrooms,' the overall property analysis notes 'inconsistent unit modernization' and 'historic property age.' This indicates that not all units have been updated to the same degree, and some areas likely feature older styles and components. Without interior images of all units, especially the kitchens and bathrooms, it's difficult to confirm a higher rating. The exterior appears well-maintained, but the age and varied renovation status across the multiple units suggest that some areas will require minor updates or show signs of being outdated, aligning with a 'Fair' condition.
Year Built
1910
Close
-
List price
$1.07M
Original List price
$1.25M
Price/Sqft
$242
HOA
-
Days on market
-
Sold On
-
MLS number
BB24236061
Home ConditionFair
Features
Good View:
Patio
View-

About this home

HUGE PRICE REDUCTION!! Exceptional Multi-Unit Compound on Double Corner Lot!! Introducing a rare opportunity to acquire a meticulously maintained multi-unit property situated on a prime double corner lot. This unique compound features three distinct buildings, offering a blend of spacious living and investment potential, making it ideal for both long-term rentals and owner-occupancy. Main Residence: Four-Bedroom House!! At the heart of the property lies a separately fenced four-bedroom house, characterized by its impressive high ceilings and exceptionally large rooms. This home boasts generous closet space, ensuring ample storage for all your needs. The expansive yard provides a private outdoor retreat, perfect for family gatherings or serene relaxation. Detached Four-Bedroom, Two-Bathroom Home!! Adjacent to the main house is a detached four-bedroom, two-bathroom residence that has been remodeled to meet modern standards. With a newer roof, updated kitchen, and contemporary bathrooms, this home offers a fresh and inviting atmosphere. Spanish Style Duplex with Two-Bedroom Apartments!! Completing this remarkable compound is a charming Spanish duplex featuring two well-maintained two-bedroom apartments. Each unit is occupied by long-term tenants, ensuring a stable rental income stream for the new owner. The classic architecture and thoughtful design of these apartments contribute to the property’s overall appeal, making it an attractive option for renters. This property is legally classified as a five-plex, having converted one duplex into a single-family dwelling, further enhancing its investment potential. With a combination of long-term tenants and owner-occupancy opportunities, this compound presents a unique chance to capitalize on the booming rental market while enjoying the benefits of homeownership. Don’t miss this exceptional opportunity to invest in a well-maintained multi-unit property that offers both immediate rental income and the possibility for personal use. With its prime location, spacious units, and attractive features, this compound is poised to sell quickly. Whether you are an astute investor or seeking a beautiful residence with additional rental potential, this property is sure to exceed your expectations.

A
Alin Glogovicean
Listing Agent

Nearby schools

3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.4mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.5mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.7mi
/10
Maple Primary Center
Public,•K-1•0.8mi
3/10
Trinity Street Elementary School
Public,•K-5•0.9mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
4/10
Norwood Street Elementary School
Public,•K-5•1.2mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.7mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
2/10
John W. Mack Elementary School
Public,•K-5•1.8mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.3mi
4/10
John Adams Middle School
Public,•6-8•0.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•3.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.1mi
5/10
Santee Education Complex
Public,•9-12•0.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
4/10
West Adams Preparatory High School
Public,•9-12•1.9mi
3/10
Manual Arts Senior High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
01/11/06
Sold
$707,500
05/21/02
Sold
$220,000
05/20/02
Sold
$220,000
Condition Rating
Fair
The property was built in 1910, making it over a century old. While the listing states that one detached unit has been 'remodeled to meet modern standards' with an 'updated kitchen and contemporary bathrooms,' the overall property analysis notes 'inconsistent unit modernization' and 'historic property age.' This indicates that not all units have been updated to the same degree, and some areas likely feature older styles and components. Without interior images of all units, especially the kitchens and bathrooms, it's difficult to confirm a higher rating. The exterior appears well-maintained, but the age and varied renovation status across the multiple units suggest that some areas will require minor updates or show signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

Exceptional Multi-Unit Investment: Legally classified as a five-plex with three distinct buildings, offering diverse income streams and owner-occupancy flexibility.
Significant Price Reduction: A substantial $180,000 price drop from the original list price enhances its attractiveness and potential for a favorable acquisition.
Prime Double Corner Lot: Positioned on a desirable double corner lot, providing enhanced visibility, accessibility, and potential for future value appreciation.
Established Rental Income: Two units are currently occupied by long-term tenants, ensuring immediate and stable rental cash flow for the new owner.
Updated & Spacious Residences: Features a recently remodeled detached unit with modern amenities and a main residence boasting high ceilings and generously sized rooms.

Cons

Historic Property Age: Constructed in 1910, the property's age may necessitate ongoing maintenance, potential system upgrades, and could present unforeseen repair challenges.
Inconsistent Unit Modernization: While one unit is remodeled, the description suggests other units may not be updated to the same degree, potentially requiring additional capital expenditure for full modernization.
Prolonged Market Presence: Despite a significant price reduction, the property has been on the market for an extended period (since November 2024), which could indicate challenges in buyer appeal or perceived value.
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