717 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - 7 bed, 4 bath
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717 E 24th Street
Los Angeles, California 90011
ACTIVE UNDER CONTRACT
CONDITION: POOR
7Beds
4Baths
2,603Sq Ft
6,510Lot Size
Property Price
LIST PRICE$747,000
EST. MARKET VALUE
$740,866
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $747,000—positioned well above the $661,499 Fair Market Value by -12%. Featuring a Condition Rating of 5, this 1902-built Residential Income Asset requires significant capital expenditure to modernize its aging infrastructure. However, the generous 6,510-square-foot lot offers substantial upside for redevelopment or unit expansion in a high-demand rental corridor. This property is an ideal acquisition for Buy-and-Hold Investors or Contractors focused on long-term value-add strategies and zoning potential.
Estimated Market Value
$740,866
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1902 with no mention of recent renovations to kitchens, bathrooms, or core systems (HVAC/Electric). The listing's heavy emphasis on 'redevelopment,' 'future development possibilities,' and 'investment opportunity' strongly suggests the structure requires significant rehabilitation or is being sold primarily for its land and zoning value.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
As a triplex featuring seven bedrooms and four bathrooms, this property offers substantial rental income capacity in a high-demand area near Downtown Los Angeles.
- Development Opportunity
Situated on a generous 6,510-square-foot lot, the property provides significant upside potential for expansion, adding additional units, or complete redevelopment.
- Prime Central Location
Located in the heart of Los Angeles with immediate access to major freeways and public transit, the property is ideally positioned for long-term appreciation and low vacancy rates.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1902, the property likely requires significant capital expenditure for modernizing systems and maintaining the structural integrity of a century-old building.
- Stagnant Market Presence
With over 300 days on the market and multiple price reductions from the original $900,000 listing, the property may face perception issues regarding its value or condition.
About 717 E 24th Street
Excellent investment opportunity! This triplex on 24th Street in Los Angeles, in the heart of Downtown LA, offers incredible income potential and future development possibilities. Situated in a prime location, this multi-unit property is perfect for investors or owner-occupants looking to maximize rental income or even expand living space. With spacious units and a functional layout, each residence provides comfortable living with ample natural light and character. The property sits on a generous lot, offering potential to expand, add additional units, or redevelop. Located near major freeways, public transportation, shopping, dining, and entertainment- this triplex is in a high-demand rental area, making it an excellent long-term investment. Don't miss out on this versatile property with room to grow.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1902
- Lot Size
- 6,510 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Twenty-Eighth Street Elementary School
Grades K-5 • 0.3 mi
3/10
San Pedro Street Elementary School
Grades K-5 • 0.4 mi
5/10
Twentieth Street Elementary School
Grades K-5 • 0.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,603 | 2,187.451 |
| Lot Size | 6,510 | 5,841.385 |
| Price | $747.0K | $841.5K |
| Price per sq ft | $287 | $385 |
| Built year | 1902 | 1928 |
| HOA | $0 | $0 |
| Days on market | 362 | 85 |
Pricing History
Listed for Sale
Jul 28, 2026
$747,000
$825,000
-9% Price Drop
Initial Listing
Price Change
May 20, 2026
$825,000
$860,000
-4% Price Drop
Initial Listing
Price Change
Jan 8, 2026
$860,000
$900,000
-4% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$900,000
Initial Listing